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AnchorFree, Maker of a Top Online Privacy App, Raises $295 Million

Despite the recent attention on digital privacy, venture capital investors have mostly stayed away from companies that offer virtual private networks, which allow users to hide their online tracks.Now there is one big exception.AnchorFree, the maker of Hotspot Shield, one of the oldest VPN apps, said Wednesday that it had raised $295 million. The round brings AnchorFree’s total funding to $358 million, far outpacing any of its competitors.The company, based in Redwood City, Calif., is the latest tech start-up to secure a giant investment. Fund-raising rounds of over $100 million have become more commonplace than ever this year.The investment in AnchorFree suggests that the VPN category is…

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