Cape raises $61M
- Company
- Cape
- Round
- Seed through Series B
- Amount
- $61M
- Investors
- A* (co-lead), Andreessen Horowitz (co-lead), XYZ Ventures, ex/ante, Costanoa Ventures, Point72 Ventures, Forward Deployed VC, Karman Ventures
- Announced
- April 18, 2024
What happened
Cape, a privacy-first mobile carrier founded by a former Palantir executive, emerged from stealth having raised $61 million cumulatively across three rounds — seed through a $40 million Series B — co-led by A* and Andreessen Horowitz, with XYZ Ventures, ex/ante, Costanoa Ventures, Point72 Ventures, Forward Deployed VC, and Karman Ventures participating, to build a US mobile service that minimizes collection of subscriber personal data.
Why it matters
Cape put privacy on the map as an MVNO differentiator — proof that venture capital sees room for premium, security-positioned wireless brands competing on trust rather than price.
Source: TechCrunch
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