goTenna raises $7.5 million in Series B Funding round led by Union Square Ventures and others

goTenna

goTenna, a Brooklyn, US-based maker of a device that enables smartphone users to communicate without cell towers, WiFi routers or satellites, raised $7.5m in Series B funding. The round was led by Union Square Ventures.

Along with the lead investors, the round was also participated by existing investors such as Walden Venture Capital, MentorTech Ventures, Bloomberg Beta, BBG Ventures and Collaborative Fund. The investors are expected to support the company as it continues to scale its decentralized connectivity technology.

On this occasion, Albert Wenger, managing partner at Union Square Ventures and goTenna’s newest board member, said

goTenna’s mission is a great fit with our access investment thesis. We have been impressed by the team’s ability to deliver advanced communications hardware products in a very capital-efficient manner

Commenting on the new product of goTenna, he added:

We’re excited to be supporting the new product launches and expansion into professional markets where there is so much demand

Founded in 2012 after Hurricane Sandy by siblings Daniela Perdomo, CEO, and J Perdomo, GoTenna provides a device that enables smartphone users to communicate by text and GPS, even if there’s no cell, the internet or satellite service.

Briefing about their vision, Daniela Perdomo, co-founder and CEO of goTenna, said:

Our vision is to build practical bottom-up communication networks so that people and, eventually, the things around them can create resilient, scalable parallel connectivity anytime, anywhere.

Further adding to that, he said:

Working with USV means partnering with investors who also believe in the massive potential of mesh networks

In 2015, goTenna launched its award-winning, flagship device that quickly became synonymous with next-generation off-grid communications. In less than two years later, the company created the first 100% off-grid, mobile, long-range consumer-ready mesh network with goTenna Mesh. It is a smaller, internationally-available device that allows users to automatically and privately relay messages through other devices to extend the range of connectivity.

In-market since late 2015, the device has been purchased and used by many tens of thousands of people including outdoor enthusiasts and travelers on vacation, wildland firefighters and humanitarian aid workers. The company has secured national distribution through retailers giants like REI and Amazon, and municipal distribution through entities such as the City of New York and the U.S. Department of Housing and Urban Development.

Though goTenna is a hardware startup at heart, it has been making efforts to increase its reach in multiple domains which in result may its revenue stream. Last fall, it launched its services-based business called goTenna Plus. That service unlocks offline mapping, read receipts and location tracking, among other things.

goTenna announced two new products goTenna Mesh and goTenna Pro. These products are powered by companies “Aspen Grove” protocol.

goTenna Mesh is the first 100% off-grid, mobile, long-range consumer-ready mesh network. The device pairs with your smartphone to enable communication even when you don’t have service. It even works where there are absolutely no towers, routers, or satellites. With the help of this products, one can create people-powered connectivity absolutely anytime, anywhere.

The professional device goTenna Pro is a compact, affordable tactical mesh radio system. It is designed for use by public safety, defense, industrial, and enterprise organizations and comes with a supporting suite of products and services for public safety, defense, industrial, and enterprise organizations.