HALO Networks has closed a Series A round of GBP1.6m led by Nauta Capital and DN Capital.
Nauta Capital invested from its recently closed Nauta Tech Invest III fund of EUR105m. This is the 9th investment from this fund. DN Capital invested from its second fund GVCII and this is the 15th investment from GVCII.
HALO Networks, founded in London in 2011, is a company focused on improving the mobile data experience. Its first solution, a seamless and secure 3G to Wi-Fi offload experience for smartphone and tablet users, addresses the problem of mobile data network congestion caused by unprecedented demand for 3G capacity as customers consume more mobile video, web content and applications. HALO is currently working with leading mobile operators, video distributors and app developers to significantly improve their customer experience while driving higher ROI in serving their customers.
HALO Networks founder and CTO David Thompson says: "We are really pleased to close this financing round with Nauta and DN Capital. We believe we bring a disruptive approach to optimising the mobile data user experience and ROI to the mobile data ecosystem. We strongly believe that our investors’ support will provide us with the capital, expertise and network to position the company as an essential partner for the mobile data ecosystem."
Jordi Vinas, General Partner who led the transaction for Nauta Capital says: "Prior to our investment, we validated the problem of congestion in 3G networks and the opportunity to offload traffic to WiFi with multiple mobile operators around the world. We look forward to continue supporting HALO networks in its multiple growth paths with mobile operators, video aggregators and app publishers."
Tom Bradley (pictured), Partner who led the transaction for DN Capital says: "We were very impressed by the commercial traction of the company with mobile operators in such a short time. Mobile operators reacted fast due to the significant CAPEX and OPEX savings that HALO is able to deliver by offloading traffic from overtaxed 3G networks. HALO’s benefits will also grow over time with more usage from smartphones and tablets and higher availability of public WiFi hotspots."
