What is Cape?
Cape operates as an innovation-driven mobile carrier dedicated to the delivery of privacy-first mobile services. By fundamentally re-engineering the traditional mobile network architecture, the company provides individuals and organizations with a robust defense against digital threats, including unauthorized tracking and data interception. Unlike conventional carriers that monetize user metadata, Cape focuses on minimizing data collection, thereby offering a secure, encrypted environment for sensitive communications. Its market position is defined by its commitment to digital sovereignty, serving as a vital utility for users who require high-assurance mobile connectivity in an era of pervasive surveillance.
How much funding has Cape raised?
Cape has raised a total of $161M across 2 funding rounds:
Other Financing Round
$61M
Series C
$100M
Other Financing Round (2024): $61M with participation from Andreessen Horowitz
Series C (2026): $100M led by 137 Ventures, Bain Capital Ventures, Definition, 01a, Fifth Down Capital, and IVP
Key Investors in Cape
137 Ventures
A multi-stage venture capital firm that provides flexible capital and structured liquidity solutions to founders and executives of high-growth technology companies.
Bain Capital Ventures
The venture capital division of Bain Capital, managing significant committed capital with a focus on early-stage and growth-stage investments across diverse technology sectors.
IVP
A Menlo Park-based later-stage venture capital firm specializing in high-growth technology companies, providing strategic support through scale-up and exit phases.
What's next for Cape?
With this latest round of financing, Cape is well-positioned to accelerate its product development and expand its enterprise footprint. The strategic focus will likely shift toward scaling its secure network infrastructure to accommodate a broader user base while enhancing its proprietary privacy protocols. As the company transitions into this next phase of growth, it will leverage its institutional partnerships to navigate the complex regulatory landscape of global telecommunications. The objective remains clear: to establish a new standard for mobile privacy that balances high-performance connectivity with uncompromising security, ultimately challenging the status quo of the legacy telecommunications industry.
See full Cape company page
