AnchorFree builds Hotspot Shield, a widely used VPN app offered on a freemium model. Hotspot Shield tunnels users' internet connections through AnchorFree's servers to mask browsing history from ISPs and to help users evade state-level censorship. The company also offers a business-focused product. AnchorFree says Hotspot Shield has 650 million users in 190 countries. The company is based in Redwood City, California. It recently raised $295 million in new funding and says it will work with its new investors to scale global products and pursue its mission to provide secure access to information for every person on the planet. AnchorFree builds HotSpot Shield, a mobile security app that functions as a VPN—encrypting device traffic and optimizing web pages by stripping ads and images. The app debuted on iOS late last year and the company recently released an Android version after additional testing. The Android release offers both a free tier and a paid "Elite" subscription; the free tier includes encrypted browsing, privacy controls, malware protection, and anti-censorship features but lacks page optimization. Elite on Android is priced at $1.99/month or $19.99/year, while iOS pricing is $0.99/month or $9.99/year and iOS users received a seven-day trial with in-app purchases. Users can also earn service credits by completing advertising offers. Financially, the company recently closed a $52 million funding round.

Total raised

$347M

Funding rounds

2

Latest round

Equity

Latest activity

Sep 2018