How Much Did Smart Mobile Techs Raise?
Funding & Key Investors

Smart Mobile Techs has secured $251K in total capital, with its most recent financing round bringing in $101K. This significant strategic investment underscores the company's established presence and growth trajectory in the competitive phone repair sector. The company's financial activities indicate a mature operational phase, likely leveraging this capital for further expansion and service enhancement.

What is Smart Mobile Techs?

Smart Mobile Techs
Consumer ServicesRepair Services

Smart Mobile Techs (SMT) is a specialized provider of efficient phone repair services, catering to both Apple and Android devices. A key aspect of its operations involves supporting Asurion's Same Unit Repair program. Leveraging over two decades of experience in the wireless industry, SMT has cultivated a robust network of skilled technicians and contractors, ensuring the delivery of high-quality repairs. The company's operational model is built on responsiveness and scalability, positioning it for continued market penetration and geographic expansion. SMT also plays a role in the burgeoning cell phone repair industry by offering employment and ensuring its technicians are adept at performing timely and effective repairs.

How much funding has Smart Mobile Techs raised?

Smart Mobile Techs has raised a total of $251K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$101K

Debt (2020): $150K with participation from PPP

Debt (2021): $101K led by PPP

Key Investors in Smart Mobile Techs

PPP

Public-Private Partnership

PPP

Public-Private Partnership

What's next for Smart Mobile Techs?

With its substantial backing and strategic investment, Smart Mobile Techs is poised for accelerated growth. The company's focus on scalability and its established network suggest a strategic direction towards expanding its service footprint and potentially enhancing its technological capabilities. Future initiatives may involve optimizing repair processes, increasing technician capacity, and exploring new market opportunities within the dynamic wireless device repair ecosystem. The company's late-stage funding context implies a focus on market consolidation, operational efficiency, and sustained revenue generation.

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Frequently Asked Questions Regarding Smart Mobile Techs Financial Insights

What are the most recent funding rounds that Smart Mobile Techs has completed, and what were the funding rounds?
Smart Mobile Techs has recently completed 2 funding rounds: Debt on Feb 9, 2021, Debt on Apr 14, 2020.
What is the total amount of funding Smart Mobile Techs has raised to date?
Smart Mobile Techs has raised a total of $251K in funding to date.
How many funding rounds has Smart Mobile Techs completed?
Smart Mobile Techs has completed 2 funding rounds.
How much funding did Smart Mobile Techs raise in its most recent funding round?
Smart Mobile Techs raised $101K in its most recent funding round.
Who are the lead investors in Smart Mobile Techs's latest funding round?
The lead investor in Smart Mobile Techs's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Smart Mobile Techs's history?
The largest funding round in Smart Mobile Techs's history was $150K.
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