What is Mobee?
Mobee App is a free mobile application available on Android and iOS that allows users to earn rewards by completing quick shopping missions at popular retailers like Target and CVS. With over 500,000 mystery shoppers and $60,000 in monthly payouts, the app offers a flexible way for users to earn money on their own schedule. Users can easily create a profile, select missions, and redeem their earnings for gift cards from various retailers. The app is designed for anyone looking to make extra cash while shopping. This business model positions Mobee as a key player in the retail analytics and consumer engagement space, leveraging a large network of gig workers to gather valuable in-store data.
How much funding has Mobee raised?
Mobee has raised a total of $6.1M across 2 funding rounds:
Angel/Seed
$1.1M
Series A
$5M
Angel/Seed (2012): $1.1M with participation from Hub Angels Investment Group LLC, TiE Angels Boston, and LaunchCapital
Series A (2015): $5M led by InterWest Partners, Stage 1 Ventures, Atlas Venture, and Flint Capital
Key Investors in Mobee
Hub Angels Investment Group LLC
Hub Angels Investment Group is a prominent angel investment group based in Boston, specializing in funding young tech and life science companies in the Northeastern United States since 2000. They aim to support entrepreneurs of all backgrounds and provide value beyond financial investment through connections, advice, and board involvement.
LaunchCapital
LaunchCapital is a venture capital firm that supports entrepreneurs at the seed and early stages, providing hands-on assistance from the very beginning. With offices in Boston, New Haven, New York, and San Francisco, LaunchCapital is dedicated to backing great founders nationwide.
Stage 1 Ventures
Stage 1 Ventures, LLC is a venture capital firm focused on investing in early-stage companies that are transforming global industries through disruptive deep tech and science. The firm aims to bridge the capital gap for entrepreneurs by providing access to extensive resources, market insights, and a collaborative network of co-investment partners.
What's next for Mobee?
The recent major strategic investment in Mobee signals a pivotal stage for the company, likely indicating a focus on scaling operations, enhancing its technological infrastructure, and potentially expanding its retail partnerships. With a history of seed and Series A financing, this latest capital injection suggests Mobee is poised for significant growth, possibly moving towards broader market penetration or developing new service offerings. The company's ability to attract substantial backing from investors like InterWest Partners and Stage 1 Ventures highlights confidence in its business model and its capacity to generate substantial returns in the dynamic consumer insights market.
See full Mobee company page
