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 does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.
The stock price for Movandi will be known as it becomes public. Here are similar public companies: Hewlett Packard (NYS: HPE), Nvidia (NAS: NVDA), Dell Technologies (NYS: DELL), Sony (NYS: SONY), IBM (NYS: IBM).
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 |
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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Movandi is a private company and not publicly traded.
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