About MCTEL
MCTEL is a company based in Monaco founded in 1992, and was acquired by Gemalto in October 2011. Mobile VAS solutions are provided to operators and carriers. MCTEL has raised $2.56 million across 1 funding round from investors including Gemalto and OTC Agregator. MCTEL offers products and services including Food Scanning App and Shopping and Expiration Management. Its legal entity is Logisky.
Company details
Founded in 1992 and based in Monaco, MCTEL operates within the telecommunications sector, focusing on value-added services for mobile networks. Solutions offered include messaging gateways for SMS, MMS, and USSD; SMS firewalls; mobile device management tools; and roaming controllers. Turnkey implementations are delivered according to client needs, while outsourced operations on SS7 networks are also supported for carriers and businesses.
Products & Services of MCTEL
MCTEL offers a comprehensive portfolio of products and services, including Food Scanning App and Shopping and Expiration Management.
The app is used for scanning barcodes to deliver evaluations of food characteristics, including nutritional quality and health risks, to assist in making informed choices.
Tools are provided for managing shopping lists and tracking expiration dates, where products are monitored to reduce waste and improve planning.
Funding Insights of MCTEL
MCTEL has successfully raised a total of $2.56M through 1 strategic funding round. The most recent funding activity was a Series A round of $2.56 million completed in February 2009. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2.56M
- Total Rounds 1
- Last Round Series A — $2.56M
- First Round $2.56M
(Feb 2009)
- Investors Count 1
All 1 funding rounds of MCTEL with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2009 | $2.56M | Series A | – | – |
2 investors in total: 2 institutional.
Investors in MCTEL
MCTEL has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Gemalto and OTC Agregator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| otcagregator.com | ||||
Secure personal devices and SIM cards are provided worldwide. | 1979 | gemalto.com | Amsterdam, Netherlands |
Investor details for MCTEL
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of MCTEL
3 dated milestones of MCTEL across 19 years, from founding to its latest funding, stage changes and deals.
- Founded MCTEL is founded.
- Funding First funding round of $2.6M.
- Exit Acquired by Gemalto.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about MCTEL
MCTEL was founded in 1992 and raised its 1st funding round 17 years after it was founded.
MCTEL is headquartered in Monaco.
MCTEL is a funded company, having raised a total of $2.56M across 1 funding round to date. The company's 1st funding round was a Series A of $2.56M, raised on Feb 2009.
Founded in 1992 and based in Monaco, MCTEL operates within the telecommunications sector, focusing on value-added services for mobile networks. Solutions offered include messaging gateways for SMS, MMS, and USSD; SMS firewalls; mobile device management tools; and roaming controllers. Turnkey implementations are delivered according to client needs, while outsourced operations on SS7 networks are also supported for carriers and businesses.
MCTEL offers Food Scanning App and Shopping and Expiration Management.
MCTEL has 2 investors. Key investors include Gemalto, and OTC Agregator.
MCTEL operates through Logisky.
Yes. MCTEL was acquired by Gemalto in October 2011.