What is Mad Mobile?
Founded in 2010 and headquartered in Tampa, Florida, Mad Mobile provides a robust platform designed to rapidly integrate and orchestrate real-time data from enterprise systems into a single, mobile application. Their Concierge application empowers store associates with capabilities such as Clienteling, Assisted Selling, Buy Online, Pick Up In Store (BOPIS), and Mobile Point of Sale (MPOS) on any mobile device. The company has expanded its reach with offices in New York, South America, and Europe, positioning itself as a key player in enhancing in-store retail experiences.
How much funding has Mad Mobile raised?
Mad Mobile has raised a total of $72.3M across 4 funding rounds:
Debt
$1M
Debt
$1.3M
Debt
$20M
Other Financing Round
$50M
Debt (2020): $1M with participation from PPP
Debt (2021): $1.3M led by PPP
Debt (2023): $20M supported by Eastward Capital Partners
Other Financing Round (2024): $50M featuring Morgan Stanley and Bridge Bank Group
Key Investors in Mad Mobile
Eastward Capital Partners
Eastward Capital Partners is a venture debt provider specializing in financing high-growth technology companies, offering flexible capital solutions to support scaling efforts while minimizing equity dilution.
Morgan Stanley
Morgan Stanley is a global financial services firm providing a comprehensive suite of investment banking, securities, wealth management, and investment management services to a diverse client base worldwide.
Bridge Bank Group
Bridge Bank Group offers financial support and practical loan options to small and medium-sized businesses, focusing on providing accessible banking services and mortgage programs.
What's next for Mad Mobile?
The recent major strategic investment, coupled with substantial prior debt financing, indicates Mad Mobile is well-positioned for accelerated growth and market expansion. This capital infusion is likely to fuel further platform development, enhance its Unified Commerce capabilities, and strengthen its global presence. The company's focus on empowering store associates with advanced mobile tools suggests a strategic push to address evolving retail demands and improve operational efficiencies for its enterprise clients.
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