# Mobincube

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mobincube

- Industry: Software
- Headquarters: Valencia, Spain
- Website: www.mobincube.com
- Total disclosed funding: $0.9M
- Latest round: Seed (Sep 23, 2013)
- Investors on record: 3

## About

Mobincube provides a mobile application development platform that empowers users to create apps for Android and iOS without coding experience, meeting the rising demand for mobile solutions.Founded in 2008 in Valencia, Spain, Mobincube operates as an independent company offering app-building services. It raised EUR 700,000 in Seed funding on September 23, 2013, led by Inveready Asset Management, with other investors including Bankinter Capital Riesgo and The Crowd Angel. The funding is aimed at supporting global market expansion.Mobincube offers a comprehensive app-building platform that enables users to create mobile applications for Android, iPhone, and iPad devices without requiring any coding experience. The service allows individuals and businesses to design, develop, and publish mobile applications independently, addressing the growing demand for mobile solutions across sectors. It caters to a diverse clientele such as small business owners, educators, and entrepreneurs looking to enhance their digital presence or monetize their ideas through mobile applications. This platform has been available since inception, focusing on markets in Europe, the Americas, and parts of Asia, emphasizing affordability and accessibility for its users.In 2017, Mobincube reported revenue of EUR 654,929.50, with an EBITDA of EUR 220,633.90. The company relies on a freemium revenue model, offering basic app-building features for free while premium services are available for advanced functionalities through subscription plans that generate recurring revenue for the business.Mobincube plans to utilize the EUR 700,000 raised in Seed funding to expand its market globally. While specific new products and timelines are not detailed, the funding will support initiatives aimed at reaching new geographic regions and enhancing its service offerings, thereby catering to an increasing international user base.

## Funding rounds

- Seed, Sep 23, 2013, $0.9M — Bankinter Capital Riesgo, Inveready Asset Management, The Crowd Angel

## Investors

- Bankinter Capital Riesgo — Seed
- Inveready Asset Management (https://capitalatlas.ai/funds/inveready-asset-management) — Seed
- The Crowd Angel — Seed