Funding Tracker
Announced April 18, 2024Cape raises $61M
- Company
- Cape
- Round
- Venture
- Amount
- $61M
- Investors
- Andreessen Horowitz (lead)
- Announced
- April 18, 2024
What happened
Cape, a privacy-first mobile carrier founded by a former Palantir executive, emerged from stealth with $61 million in funding led by Andreessen Horowitz 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.
Privacy
United States
Source: TechCrunch
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