Lightspeed Venture Partners and Pitango Venture Capital are pouring more capital into WeFi, operator of a global, community-based network of WiFi hotspots, in an undisclosed Series B round of funding and following an earlier round by both investors secured back in May 2007. The follow-up financing was provided to support WeFi’s business and financial needs, and according to the release is being allocated toward expanding development, marketing efforts, and strengthening unspecified partnerships.
The WeFi community so far has mapped over 30 million WiFi access points, and counting. Next to this directory and the community formed around it, the startup boasts a free software program that allows users to automatically connect to WiFi locations wherever they are. The tool, which was previously only available for Windows and Mac users, is increasingly finding its way to mobile devices, which makes a lot of sense. More specifically, the company has recently introduced applications for the Windows Mobile, Android and Symbian platform.
WeFi was established in February 2006 by Yossi Vardi, Tamir Scherzer, Arnon Kohavi and Shimon Scherzer, and is incorporated in Delaware, U.S. with R&D facilities in Israel.