Mobius Materials Raises $735K In Additional Pre-Seed Funding

Mobius Materials

Mobius Materials, a San Francisco, CA-based provider of a spot marketplace platform for electronic components, raised $735K in additional Pre-Seed funding.

The round was led by Undeterred Capital, with participation from Trolley Ventures.

The company intends to use the funds to grow its team, specifically looking at hires for software engineers and operations specialists.

Founded in 2020 by CEO Margaret Upshur, Mobius Materials helps original equipment manufacturers and contract manufacturers source and liquidate electronic components. The marketplace platform serves hundreds of manufacturers in North America, Europe and Asia in industries from consumer electronics to automotive. Now, electronics manufacturers can get quotes for hard-to-find authenticated parts in 2 business days using the new Request a Quote feature. On the selling site, manufacturers can also list and sell excess that has built up from changed forecasts, design changes and inventory accrual.