Movandi Movandi IPO
$223.46MM
Series C Valuation, Apr 2020
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Company Details

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.

Founded
2016
Forge Price 1
Price not yet available
Post-Money Valuation 3
$223.46MM
Total Funding
$74.63MM
LFR Price per Share
$xx.xx
Last Funding Share Class
Series C

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Can you invest in Movandi pre-IPO?

Movandi is a privately held company and is not publicly traded, therefore investing in Movandi pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can learn more about Forge’s Secondary Marketplace and how to invest in private companies before their potential IPO. If you are not accredited, find out how to begin the process and qualify for new investment opportunities.

Can you sell shares of Movandi before it goes public?

You can seek to sell your shares in Movandi while it remains private. If you are considering selling, you can register today for free to get started. Once registered, a Private Market Specialist will guide you through any questions you might have. You may also continue to browse through our resources to help you understand the implications and procedures involved in selling your private market shares.

What is the pre-IPO value of my Movandi shares?

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Is Movandi a publicly traded company?

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To learn more about Movandi potential IPO

Will Movandi go IPO?

Movandi has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2025.

What is Movandi’s IPO price?

The Movandi IPO price does not exist at this time, as Movandi is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to Movandi register for Forge Markets, today.

When was Movandi founded?

Movandi was founded in 2016.

What is Movandi funding to date?

Movandi has raised $74.63MM to date.
Movandi Major Investors
Cota Capital
Alumni Ventures
Celesta Capital
Sierra Ventures
DNX Ventures
A&E Investments

Movandi Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
04/16/2020 Series C-1 $6.14MM $xx.xx $223.46MM 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 $223.46MM 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 $120.77MM 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 $106.29MM 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 $25.9MM 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
Private Companies Exploring an IPO
Last Funding Round
Company Forge Price Forge Price Change 5 Last Closed Trade Share Class Post-Money Valuation Price per Share Amount Raised
CerebrasCerebras$40.08+9.9%$xx.xxSeries F-1$2.84B$xx.xx$85MM
CoreWeaveCoreWeave$1,149.84+18.78%$xx.xxSeries C$19B$xx.xx$1.15B
ChimeChime$24.86-0.04%$xx.xxSeries G$24.93B$xx.xx$1.1B
KlarnaKlarna$370.00-1.33%$xx.xxUnknown$6.7B$xx.xx--
TuroTuro$12.96-4.07%$xx.xxSeries E$1.24B$xx.xx$240.52MM
CircleCircle$24.71+2.49%$xx.xxSeries F$8.05B$xx.xx$401MM
NetskopeNetskope$11.07+2.98%$xx.xxSeries H$7.5B$xx.xx$300MM
Liquid DeathLiquid Death$9.47-0.11%$xx.xxSeries F-1$1.4B$xx.xx$67.61MM
CohesityCohesity$15.66-18.31%$xx.xxSeries H-1$4.69B$xx.xx$27.5MM
MNTNMNTN----$xx.xxSeries D$2.21B$xx.xx$119MM

Updated on: Jan 20, 2025

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