FreedomPop was a Los Angeles-based mobile virtual network operator (MVNO) founded in 2011 by Stephen Stokols and Steven Sesar. It pioneered a 'freemium' wireless model offering free basic voice, text and data plans subsidized by paid premium upgrades and add-ons. The company operated on Sprint and AT&T networks in the US and expanded to the UK, Spain and other markets. In June 2019, FreedomPop sold its retail MVNO business, brand and customer base to Red Pocket Mobile; the remaining entity pivoted to a B2B SaaS platform for telecom digital transformation.
FreedomPop has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2011
Total Funding
$87.3M
3 rounds
Latest Valuation
$1B
Jan 20, 2016
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $87.3M across 3 rounds
Last updated 06-25-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Jan 20, 2016 | Series C TechCrunch | $50M | $1B | Not disclosed |
| Apr 2014 | Series B | $30M | — | Partech Ventures |
| Jul 19, 2012 | Series A | $7.3M | — | DCM Ventures |
Stephen Stokols
Co-Founder & CEO
Steven Sesar
Co-Founder & COO
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Red Pocket Mobile
US MVNO operating on all four major networks; acquirer of FreedomPop's retail business in 2019.
Ting Mobile
US MVNO offering pay-for-what-you-use wireless plans on multiple networks.
Mint Mobile
Low-cost US MVNO on T-Mobile network with prepaid multi-month plans.
TextNow
Free-tier mobile and texting service supported by ads with paid upgrades.
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