# FreedomFi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/freedomfi

- Industry: Software
- Headquarters: Boulder, US
- Website: www.freedomfi.com
- Total disclosed funding: $9.3M
- Latest round: Series A (Mar 15, 2022)
- Investors on record: 3

## About

Founded in 2020, and based in Colorado, US, FreedomFi Inc. is a 5G startup that creates open-source software and Web3 protocol interfaces to enable crowd-sourced deployments of 5G small cell networks. In March 2022, FreedomFi Inc. raised USD 9.5 million in Series A funding from Blueyard, Qualcomm Ventures, and Samsung Next Ventures. Joey Padden (CTO) and Boris Renski are the co-founders of the company.

The company provides software that allows cryptocurrencies to be used as an incentive for crowdsourcing 5G small cell network deployments. The firm's products include gateway miners and indoor and outdoor small cells. FreedomFi is also a code contributor to the Linux Foundation's project Magma, which is the standard platform for crowd-sourced wireless infrastructure.

The organization plans to use the March 2022 funding to ramp up the development of its software and build new relationships with telecom equipment manufacturers, operators, and other ecosystem players.

## Funding rounds

- Series A, Mar 15, 2022, $9.3M — Qualcomm Ventures, BlueYard Capital, Samsung NEXT Ventures

## Investors

- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Series A
- BlueYard Capital (https://capitalatlas.ai/funds/blueyard-capital) — Series A
- Samsung NEXT Ventures (https://capitalatlas.ai/funds/samsung-next-ventures) — Series A