Mobify Secures Undisclosed Financing

Mobify, a Vancouver, CA-based provider of progressive web apps (PWAs) for commerce, raised a funding round of undisclosed amount.

Backers included Vistara Capital Partners, Impulse International, a subsidiary of Kuwait Investment Authority, Dallas-based Comerica Bank, and technology industry investors. The follow-on financing builds on recent investments from Acton Capital, BDC Capital and Plaza Ventures, for a total of $15m.

The company intends to use the funds to further expand key partnerships and accelerate innovation of PWAs and other solutions to improve the customer experience, increase engagement and likelihood of a purchase.

Established in 2007, Mobify provides Progressive Web Apps for ecommerce for retailers and brands. The Mobify Platform delivers a unified customer experience across mobile web and apps, while building customer relationships through push notifications and store drivers.
Customers include Lancôme, Crabtree & Evelyn, Paula’s Choice, Carnival Cruise Line, London Drugs, Burlington, PureFormulas, Superdry, Columbia, eXtra Electronics, and ThinkGeek.

The company has offices in Chicago, USA and Reading, UK.

FinSMEs

24/09/2017

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