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.
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.
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 through mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.
Movandi is privately held company and is not publicly traded, therefor investing in Movandi pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can register for Forge’s Secondary Marketplace to invest in private companies before their potential IPO. If you are not an accredited investor, discover how to begin the the process to potentially qualify for new investment opportunities.
To determine the value of your Movandi shares, create a free account to gain access to Forge’s platform. Forge Markets contains pricing information for hundreds of pre-IPO companies. A Private Market Specialist will also be available to assist you with any inquiries related to your Movandi shares. You can also learn more about how to sell your private shares before getting started.
Yes, you can seek to sell 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.
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 |