Movandi Corporation was founded in 2016 by Maryam Rofougaran and Reza Rofougaran. CEO Rofougaran said that while there may be more private fundraising in the company's future, "the plan is to do an IPO." The company appointed William Ruehle CFO in 2021. As a CFO, Ruehle has guided two previous companies through successful IPOs. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Movandi is a telecom company that develops technology to increase the strength, range, and adoption of 5G service. Rofougaran reports that the company has raised $70 million in venture capital funding. Investors include WRVI Capital, DNX Ventures, Cota Capital, Sierra Ventures, and UCLA Investment Company. The company appeared on CNBC's Disruptor 50 list in 2020 and 2021. Movandi has been valued at $250 million.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
04/16/2020 | Series C-1 | $6.14MM | $xx.xx | $22.35B | Cota Capital, Dnx Ventures, Wrvi Capital | |
Price per Share
$xx.xx
Shares Outstanding
451,716
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Cota Capital, Dnx Ventures, Wrvi Capital
|
||||||
04/16/2020 | Series C | $29.63MM | $xx.xx | $22.35B | Cota Capital, Dnx Ventures, Wrvi Capital | |
Price per Share
$xx.xx
Shares Outstanding
2,071,724
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Cota Capital, Dnx Ventures, Wrvi Capital
|
||||||
07/03/2018 | Series B-1 | $10.16MM | $xx.xx | $12.08B | A&E Investments, Cota Capital, Dnx Ventures, Sierra Ventures, Wistron Neweb | |
Price per Share
$xx.xx
Shares Outstanding
1,071,588
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
A&E Investments, Cota Capital, Dnx Ventures, Sierra Ventures, Wistron Neweb
|
||||||
11/09/2017 | Series B | $19.63MM | $xx.xx | $10.63B | A&E Investments, Cota Capital, Dnx Ventures, Sierra Ventures, Wistron Neweb | |
Price per Share
$xx.xx
Shares Outstanding
2,173,275
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
A&E Investments, Cota Capital, Dnx Ventures, Sierra Ventures, Wistron Neweb
|
||||||
10/03/2016 | Series A | $9.07MM | $xx.xx | $2.59B | Cota Capital, Sierra Ventures | |
Price per Share
$xx.xx
Shares Outstanding
3,122,362
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Cota Capital, Sierra Ventures
|