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.

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Learn more about Movandi

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What is Movandi's IPO price?

The IPO price for Movandi will be known only if it becomes public. However, you may access the "Price At Last Round" and the "Implied EV" for publicly traded comparable companies with Forge Data.
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Can you invest in Movandi?

Movandi is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.

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Can you sell Movandi shares pre-IPO?

If you own Movandi pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.

Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.

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Is Movandi a publicly traded company?

Movandi is a private company and not publicly traded.

If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.

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What is Movandi's funding to date?

Movandi has raised $74.63MM to date.
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When was Movandi founded?

Movandi was founded in 2016.

Who are Movandi's major investors?

Cota Capital
Alumni Ventures
Celesta Capital
Sierra Ventures
DNX Ventures
A&E Investments

Movandi Funding Rounds and Last Known Valuation

Date Funding Round Funding Raised Price per Share Last Known Valuation
4/16/2020 Series C and C-1 $35.77MM raised $XXX.XX $XXX.XX
7/3/2018 Series B-1 $10.16MM raised $XXX.XX $XXX.XX
11/9/2017 Series B $19.63MM raised $XXX.XX $XXX.XX
10/3/2016 Series A $9.07MM raised $XXX.XX $XXX.XX
Based on primary financings
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Updated on: Nov 15, 2023


Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.