About MobiChord
MobiChord is a company based in Salt Lake City (United States) founded in 2013 was acquired by Periscope Equity in May 2021.. MobiChord has raised $6.5 million across 3 funding rounds from investors including ServiceNow and Periscope Equity. The company has 13 employees as of December 31, 2022. MobiChord operates in a competitive market with competitors including Tangoe, Visage Mobile, Gigs, Rivermine and WidePoint, among others.
- Headquarter Salt Lake City, United States
- Employees 13 as on 31 Dec, 2022
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Mobichord, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.5 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
ServiceNow
& 1 more
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Employee Count
13
as on Dec 31, 2022
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Acquired by
Periscope Equity
(May 04, 2021)
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Funding Insights of MobiChord
MobiChord has successfully raised a total of $6.5M across 3 strategic funding rounds. 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 Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2020 | Amount | Series B - MobiChord | Valuation | Periscope Equity |
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| Dec, 2017 | Amount | Series A - MobiChord | Valuation |
investors |
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| Nov, 2016 | Amount | Seed - MobiChord | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MobiChord
MobiChord has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include ServiceNow and Periscope Equity. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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A private equity firm focused on technology-enabled business services is operated.
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Founded Year | Domain | Location | |
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Unified IT management is delivered through a cloud-based platform.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MobiChord
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - MobiChord
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mobichord Comparisons
Competitors of MobiChord
MobiChord operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tangoe, Visage Mobile, Gigs, Rivermine and WidePoint, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based IT expense life cycle management software is provided.
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| domain | founded_year | HQ Location |
Enterprise mobility data is aggregated and managed via SaaS platform.
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| domain | founded_year | HQ Location |
A platform for global telecom services is provided to businesses.
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| domain | founded_year | HQ Location |
Telecom expense management
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| domain | founded_year | HQ Location |
Platform for financial planning solutions for telecom companies
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| domain | founded_year | HQ Location |
Telecom equipment retailer and TEM services provider
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mobichord
Frequently Asked Questions about MobiChord
When was MobiChord founded?
MobiChord was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Where is MobiChord located?
MobiChord is headquartered in Salt Lake City, United States. It is registered at Salt Lake City, Utah, United States.
Is MobiChord a funded company?
MobiChord is a funded company, having raised a total of $6.5M across 3 funding rounds to date.
How many employees does MobiChord have?
As of Dec 31, 2022, the latest employee count at MobiChord is 13.
What does MobiChord do?
MobiChord provides a cloud-based platform for telecom expense management (TEM) and enterprise mobility management (EMM). Its app is built within ServiceNow platform (PaaS enterprise service management software) and provides a single platform that aggregates and automates information from wireless carriers and EMM solutions and integrates them into the service management platform. Through its self-service portal, it claims to lower support manpower and wireless spend by 30. It claims to serve customers in North America, Asia Pacific, and Europe.
Who are the top competitors of MobiChord?
MobiChord's top competitors include Gigs, Tangoe and Visage Mobile.
Who are MobiChord's investors?
MobiChord has 2 investors. Key investors include ServiceNow, and Periscope Equity.