About Ultra Mobile
Ultra Mobile is a company based in Long Island City (United States) founded in 2011 was acquired by T-Mobile in March 2023.. Ultra Mobile has raised $3.25 million across 2 funding rounds from investors including T-Mobile. The company has 546 employees as of December 31, 2022. Ultra Mobile operates in a competitive market with competitors including Boost Worldwide, Lebara, blue Mobilfunk, Cricket Wireless and StraightTalk, among others.
- Headquarter Long Island City, United States
- Employees 546 as on 31 Dec, 2022
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Sectors
Telecommunications
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Phone
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Website
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Social
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- Legal Name Uvnv, Inc. Dba Ultra Mobile
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Funding Insights of Ultra Mobile
Ultra Mobile has successfully raised a total of $3.25M across 2 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 2
- Last Round Last Round
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First Round
First Round
(08 Feb 2013)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2013 | Amount | Series A - Ultra Mobile | Valuation |
investors |
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| Feb, 2013 | Amount | Debt – Conventional - Ultra Mobile | Valuation |
investors |
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| 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 Ultra Mobile
Ultra Mobile has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include T-Mobile. 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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Mobile telecommunication services, internet connections, and device sales are provided.
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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 Ultra Mobile
| 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 - Ultra Mobile
| 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 |
Ultra Mobile Comparisons
Competitors of Ultra Mobile
Ultra Mobile 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 Boost Worldwide, Lebara, blue Mobilfunk, Cricket Wireless and StraightTalk, 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 |
Prepaid cell phones & no contract plans
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| domain | founded_year | HQ Location |
Pre-paid mobile SIM cards are provided for international communities.
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| domain | founded_year | HQ Location |
MVNO prepaid services are offered to discount markets in Germany.
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| domain | founded_year | HQ Location |
Offers prepaid wireless services, phones, and plans with no contracts or credit checks.
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| domain | founded_year | HQ Location |
Operates as a mobile virtual network operator through a partnership between Tracfone and Walmart.
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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 Ultra Mobile
Frequently Asked Questions about Ultra Mobile
When was Ultra Mobile founded?
Ultra Mobile was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Where is Ultra Mobile located?
Ultra Mobile is headquartered in Long Island City, United States. It is registered at Long Island City, New York, United States.
Is Ultra Mobile a funded company?
Ultra Mobile is a funded company, having raised a total of $3.25M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3.25M, raised on Feb 08, 2013.
How many employees does Ultra Mobile have?
As of Dec 31, 2022, the latest employee count at Ultra Mobile is 546.
What does Ultra Mobile do?
Ultra Mobile was founded in 2011 and is headquartered in Long Island City, United States. Operations are conducted as a mobile virtual network operator (MVNO) on the T-Mobile network. Unlimited talk and data plans are provided to customers, with features including international calling to select destinations. Services target prepaid mobile users in the U.S. market, focusing on affordable connectivity options.
Who are the top competitors of Ultra Mobile?
Ultra Mobile's top competitors include Lebara, Boost Worldwide and Simyo Spain.
Who are Ultra Mobile's investors?
Ultra Mobile has 1 investor. Key investors include T-Mobile.
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