Mobilo raises $4.1M to revolutionize business networking and eliminate millions of business cards thrown away every year

Mobilo raises $4.1M to revolutionize business networking and eliminate millions of business cards thrown away every year

Time Stamp: July 25, 2023 10:57 AM
Source Node: 2785575

Did you know that 27 million paper-based business cards are printed every day? But here’s the really troubling part – over 80% of those cards end up being thrown away each year. This is not just a waste of resources, but it also means we’re cutting down so many trees, which adds to the problem of global warming. This is not sustainable. We need an efficient way to handle business networking and save our environment.

Enter Mobilo, a Dutch tech startup aiming to reset the endless cycle of printing and discarding by merging the timeless business card with the digital era. Mobilo has come up with ways to save trees and also lower emissions while saving capital spent on printing. The company aims to stop the endless, unnecessary cycle of printing and discarding business cards through smart business cards that only need to be tapped on the phone once for instant contact details to be shared.

In addition, Mobilo is also using AI to integrate its system with existing CRM (Customer Relationship Management) tools. So, not only are they making networking smoother, but they’re also ensuring high-security standards to protect your valuable data.

To grow its operations, Mobilo announced today it has raised $4.1 million in seed funding from investors led by DeepWork Capital, TMT Investments, and a group of forward-thinking Dutch angel investors. Mobilo will use the fresh capital infusion to further its mission of upgrading and making networking easier for contact details exchange while also integrating artificial intelligence (AI) to automate tasks and turn casual encounters into lead-generation opportunities.

Founded just a few years ago by CEO Pieter Limburg, Mobilo is the maker of the first smart business card for teams and digital enterprises. Mobilo was also the first smart business card company to become SOC 2 certified and has developed its own proprietary security layer to keep data safe.

In a statement, Limburg says: “At Mobilo, we’re all about making life easier through technology, hence leveraging AI. We’re automating the mundane stuff like managing new contacts or scheduling follow-ups, so businesses can concentrate on networking effectively and boosting their brand.”

Measuring the ROI of an event is tough, whether you are visiting, exhibiting, or organizing. Not only are traditional methods, which involve sales teams manually entering lead information into CRMs, difficult but they are also often inaccurate. This is one of the reasons why Mobilo wants to empower event organizers and attendees with AI solutions that are accurate in storing lead information directly into the CRM – all with a quick tap. In the long run, this not only results in better data but also in more follow-ups and higher close rates.

With its technology ensuring that digital business cards are created and updated automatically, requiring no manual intervention, Mobilo was designed with large-sized businesses and enterprises in mind. The company’s technology can easily manage vast teams of over 10,000 members, including those of businesses such as AAA, Marriott, and Rexford Industrial, thanks to the seamless interaction with CRM systems and HR solutions.

In terms of security standards, Mobilo was the first smart business card company to become SOC 2 certified, and, in the meantime, it has developed its proprietary security layer to keep data safe. Fueled by the support of its seed funding and an unwavering commitment to revolutionizing networking, Mobilo is primed and ready to continue its journey to reshape the business networking landscape.

“We love how Mobilo has streamlined our user experience with their integrated and secure digital business card solution. On top of that, it aligns with Rexford’s ESG efforts by eliminating paper cards altogether”, says Robert Rees, Rexford Industrial’s Director, Cybersecurity & Technology Operations.

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