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Announced

Completed

Polychain led a $18m funding round in REALLY.

Financials

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Transaction Value£15m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Domestic

Private

Private Equity

Single Bidder

Mobile

Venture Capital

United States

Completed

Acquisition

telecommunications services

Friendly

Synopsis

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Polychain, an investment firm, led a $18m funding round in REALLY, an innovative platform bringing the sharing economy to mobile phone service, with participation from Mike Maples. "Smartphones and mobile networks have become indispensable, yet most people don't love their service provider. We see a massive opportunity to fix this, and our mission is to create a brand in this industry that people trust and love. We are building a better, more affordable phone service allowing communities to build equity and support their neighbors by using their cell phones. Those interested in putting a mini cell tower in their home or business will also have the opportunity to earn in USD. No other network exists that truly puts the ability to create and power the network in the hands of users like this," Adam Lyons, REALLY CEO.

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