Tech Company Financing Transactions
Movandi Funding Round
WRVI Capital, Cota Capital and DNX Ventures joined a $27 million Series C venture round for Movandi. This venture round was announced on 4/17/2020.
Transaction Overview
Company Name
Announced On
4/17/2020
Transaction Type
Venture Equity
Amount
$27,000,000
Round
Series C
Investors
Proceeds Purpose
The company intends to use the funds to ramp and expand their active router/repeater platform, RF front-end, and ORAN radio units, grow its teams in Irvine, California and Australia to continue developing its innovative integrated circuits, antennas, systems, and algorithms, while delivering 5G routers that expand 5G coverage and act as repeaters for a wide range of 5G applications.
Company Information
Company Status
Private & Independent
Industry
Networking
Mailing Address
7555 Irvine Center Dr. 100
Irvine, CA 92618
USA
Irvine, CA 92618
USA
Phone
Website
Email Address
Overview
Movandi is a venture backed startup, founded by internationally recognized siblings, leaders and innovators -- Maryam Rofougaran and Reza Rofougaran. Their vision and accomplishments have had a major impact on the wireless industry and these systems are shipping in billions of flagship products across nearly every industry and wireless application.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Maryam Rofougaran
Chief Executive Officer
Reza Rofougaran
Chief Financial Officer
Scott Burri
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Next: 4/17/2020: RefleXion Medical venture capital transaction
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Where The Data Comes From
We do our best to report on every notable VC transaction. All VC database entries reported here are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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