Sonopia Raises $12.7 Million in Series B Funding
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Sonopia, a service that lets users create their own virtual mobile network for their community, has raised $12.7 million in Series B funding. Cardinal Venture Capital led the round, and was joined by return investors ComVentures and Sevin Rosen Funds. The company has previously raised $9 million in Series A funding.
Sonopia launched in the beginning of April and got a lot of blogger coverage. Sonopia lets users make a virtual mobile network for their community. The service uses Verizon to serve calls and data, so is essentially just a reseller. Users can set up a network around communities such as schools, sports, religious and political groups and so on, and will then get a cut (3-8%) from the revenue that Sonopia will generate from the calls that people within this network makes. Users can also choose from a limited selection of phones and calling plans along with the option to co-brand.
However during our previous review of the service at the time of its launch, we found it to be quiet unusable.
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Tags:Cardinal Venture Capital comVentures funding mvno Sevin Rosen Funds sonopia Verizon Wireless
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