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FreedomPop Raises $4.3 Million Series A1 Round

FreedomPop has raised an additional $4.3 million in funding in a Series A1 from existing investors, DCM and Mangrove Capital, bringing total funding to $11.2 million.

Founded in 2011, FreedomPop is a telecom company backed by DCM, Mangrove Capital, and Skype founder Niklas Zennstom’s Atomico.  FreedomPop launched its free broadband service on Clearwire’s 4G network earlier this year and is scheduled to go live with Sprint in 2013.

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Island raises $175M

Dallas, Texas-based enterprise browser company Island raised $175 million in Series D funding, raising the company's valuation to $3 billion.

Binance founder Changpeng ‘CZ’ Zhao sentenced to 4 months in prison — Gizmodo

Zhao pleaded guilty to money laundering violations as part of Binance’s agreement with the United States Department of Justice, writes Maxwell Zeff in Gizmodo.