# Mobio Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mobio-technologies

- Industry: Marketing/Advertising
- Headquarters: Vancouver, Canada
- Website: www.mobio.net
- Total disclosed funding: $12M
- Latest round: Series A (May 3, 2011)
- Investors on record: 5

## About

Mobio Technologies Inc. specializes in home service brands, focusing on providing exceptional moving services through its flagship brand, You Move Me, alongside innovative technology solutions for the industry.Mobio Technologies Inc., founded in 2003 and based in Vancouver, Canada, operates in the home service sector, primarily through its moving services brand, You Move Me. The company has engaged in 4 deals, with the most recent funding round being a Venture Debt round of USD 3.000 mn, which raised a total of USD 3.900 mn. The company was acquired by LX Ventures in May 2013, enhancing its strategic direction. Ruth Mary serves as the founder, while Laurie Baggio is the current CEO.Mobio Technologies Inc. focuses on building a robust portfolio of home service brands, specifically targeting the home care and improvement sectors. Its flagship brand, You Move Me, provides professional moving services, emphasizing customer satisfaction, with over 30,000 Google 5-Star Reviews. Additionally, Mobio holds a 20% investment in Karve IT, which develops Move Right, an AI-driven Customer Relationship Management (CRM) platform for moving companies. The company serves homeowners and businesses across North America, ensuring broad access to its services.Mobio Technologies Inc. generates revenue through direct-to-consumer transactions in the moving services sector, primarily from service fees for You Move Me's customizable moving packages. The company also promotes its investment in Karve IT by marketing the Move Right platform to other moving companies, creating partnerships that enhance its industry offerings. This transactional model positions Mobio to capture significant market share in home services while expanding its brand reach.Mobio Technologies Inc. plans to utilize the recent Venture Debt funding to support its growth initiatives. The company is focused on expanding its portfolio of home service brands and enhancing its technology offerings, particularly through the Move Right platform. Specific geographic markets targeted for expansion will be outlined in future strategic plans, as the company continues to position itself within the home services industry.

## Funding rounds

- Series A, May 3, 2011, $3.9M — Rho Fund Investors, Round Table Services, Naavon
- Series A, Mar 6, 2006, $8M — InterWest Partners, Storm Ventures

## Investors

- InterWest Partners (https://capitalatlas.ai/funds/interwest-partners) — Series A
- Storm Ventures (https://capitalatlas.ai/funds/storm-ventures) — Series A
- Rho Fund Investors (https://capitalatlas.ai/funds/rho-fund-investors) — Series A
- Round Table Services — Series A
- Naavon — Series A