According to TechCrunch, the company will use the funds to expand in the UK. The startup is also launching a partnership with UK-based mobile network operator EE, which will allow the company to serve over 80% of UK households by 2020.
Since launching in May 2015, the company has raised USD 350 million; prior investors include Riverwood Capital, Stamos Capital, Kleiner Perkins, Highland Capital, and Oak Capital Management.
The company announced the funding but not the size of the round.
Moreover, the company plans to expand to at least one other country in 2019, and additional countries in 2020.
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