Company Overview
Snapshot
Founded in November 2013 by Koby Danon and Moti Levy, Mobilibuy operates with 1–10 employees. The company has raised $550,000 across one funding round from one investor. In February 2014, Mobilibuy secured seed funding from Nielsen Innovate.
Business overview
Mobilibuy provides a Platform-as-a-Service (PaaS) software platform that enables brands, retailers, and distributors to establish virtual stores in various locations. Its core technology transforms digital screens into dynamic storefronts, where product offerings adapt based on location-specific data such as time, date, and shopper profiles. This allows passersby to identify desired products and complete purchases via smartphone using a two-step checkout process. The company operates within the Business Software sector, serving the retail and e-commerce industries by enhancing the shopping experience through virtualization and location-based technologies.
Strategic signal
In April 2016, Mobilibuy's scan-and-buy technology garnered attention from the Brooklyn Nets, indicating potential for its virtual store solutions within high-traffic public venues and sports entertainment. This signals a validation of Mobilibuy's innovative approach to retail, demonstrating its capability to attract significant partners and expand beyond traditional retail environments, offering investors a glimpse into its potential for broader market adoption and strategic partnerships.
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- What is Mobilibuy's primary offering?
- Mobilibuy offers a PaaS software platform designed for brands, retailers, and distributors to create virtual stores. This platform converts digital screens into interactive storefronts, allowing customers to purchase products using their smartphones.
- When was Mobilibuy founded and by whom?
- Mobilibuy was founded in November 2013 by co-founders Koby Danon and Moti Levy.
- What was a notable early investment in Mobilibuy?
- In February 2014, Mobilibuy secured seed funding from Nielsen Innovate.
- What is the total capital raised by Mobilibuy?
- Mobilibuy has raised a total of $550,000 across one funding round.
- What was a significant market validation for Mobilibuy's technology?
- In April 2016, Mobilibuy's scan-and-buy technology caught the attention of the Brooklyn Nets, highlighting its potential for application in sports and entertainment venues.