Movandi IPO

movandi.com

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.

Founded2016
Total Funding to Date$74.63MM
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Movandi Ticker Symbol

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Movandi Funding Rounds and IPO Valuation

Date Funding Round Funding Raised Price per Share IPO 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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