About Mofibo
Mofibo is a company based in Copenhagen (Denmark) founded in 2013 was acquired by Storytel in May 2016.. Mofibo has raised $2.39 million across 2 funding rounds from investors including Storytel, SEED Capital and Danmarks Eksport- og Investeringsfond. The company has 40 employees as of November 30, 2024. Mofibo offers products and services including Mofibo App, Subscription Plans, and Mofibo Originals.
- Headquarter Copenhagen, Denmark
- Employees 40 as on 30 Nov, 2024
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Mofibo Books Aps
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Annual Revenue
$40.62 M (USD)9as on Dec 31, 2022
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Net Profit
$5.95 M (USD)21as on Dec 31, 2020
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EBITDA
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Total Equity Funding
$2.39 M (USD)
in 2 rounds
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Latest Funding Round
$2.39 M (USD), Seed
Jan 05, 2016
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Investors
Storytel
& 2 more
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Employee Count
40
as on Nov 30, 2024
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Acquired by
Storytel
(May 20, 2016)
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Products & Services of Mofibo
Mofibo offers a comprehensive portfolio of products and services, including Mofibo App, Subscription Plans, and Mofibo Originals. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for streaming and downloading audiobooks and e-books.
Various tiers providing access to content like Premium and Unlimited.
Unique audiobooks and stories available only on the platform.
Unlock access to complete
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Software Development Team
39 people
Sales and Marketing
28 people
Product Management Team
20 people
Leadership Team
14 people
Global Team
13 people
Head Team
10 people
Creative and Marketing Team
8 people
Country Team
7 people
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Funding Insights of Mofibo
Mofibo has successfully raised a total of $2.39M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.39 million completed in January 2016. 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 2
- Last Round Seed — $2.4M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2016 | Amount | Seed - Mofibo | Valuation |
investors |
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| Jun, 2013 | Amount | Seed - Mofibo | 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 Mofibo
Mofibo has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Storytel, SEED Capital and Danmarks Eksport- og Investeringsfond. 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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Venture capital firm backing Nordic tech startups from seed to Series A with investments in Consumer, Deep Tech, and related sectors.
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Founded Year | Domain | Location | |
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Provision of financing, loans, equity, and insurance for Danish export and investment activities.
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Founded Year | Domain | Location | |
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App-based subscription platform for e-books
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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 Mofibo
| 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 - Mofibo
| 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 |
Mofibo Comparisons
Competitors of Mofibo
| 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 Mofibo
Frequently Asked Questions about Mofibo
When was Mofibo founded?
Mofibo was founded in 2013.
Where is Mofibo located?
Mofibo is headquartered in Copenhagen, Denmark.
Is Mofibo a funded company?
Mofibo is a funded company, having raised a total of $2.39M across 2 funding rounds to date.
How many employees does Mofibo have?
As of Nov 30, 2024, the latest employee count at Mofibo is 40.
What is the annual revenue of Mofibo?
Annual revenue of Mofibo is $40.62M as on Dec 31, 2022.
What does Mofibo do?
Mofibo was founded in 2013 in Copenhagen, Denmark, as a subscription-based platform in the digital publishing sector. Unlimited access to thousands of e-books and audiobooks is provided to users through smartphones and tablets compatible with Apple and Android systems. The service operates at a fixed price, enabling direct consumption of content without additional purchases. Availability is focused on European markets, with core operations centered in Denmark.
What products or services does Mofibo offer?
Mofibo offers Mofibo App, Subscription Plans, and Mofibo Originals.
Who are Mofibo's investors?
Mofibo has 3 investors. Key investors include Storytel, SEED Capital, and Danmarks Eksport- og Investeringsfond.