M
MobiSocial
Group communication for mobile
About MobiSocial
Mobisocial, founded by Stanford PhD and Masters students, aimed to revolutionize social networking by prioritizing user data ownership and privacy. Initially, the company launched Omlet Chat, a messaging app designed to protect personal data from large social media platforms. Despite its innovative approach, the app struggled to attract users from established messengers. In response, Mobisocial pivoted to create a social platform specifically for mobile gamers, which gained significant traction in South East Asia and Latin America. This pivot led to a successful Series A funding round in 2018, allowing the company to expand its team and community. However, the COVID-19 pandemic and subsequent market shifts impacted the live streaming industry, leading to the shutdown of several major platforms. Mobisocial attempted another pivot into Virtual Avatar streaming (VTubing) in 2023, but it did not generate sufficient revenue to sustain the business. Consequently, the company ceased operations on June 30, 2023.
Source: Dealroom company dataKnowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VCEquity / VC | Mar 2021 | $6.1M | $24M | Undisclosed | — |
| EARLY VC✓Equity / VC | Mar 2018 | $17M | $68M | Undisclosed | — |
Growth signals
Latest recorded traffic for MobiSocial is 1.1K monthly website visits, up 450% over the last three months. MobiSocial's team grew 2.9% over the past year.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Other known investors1 additional known investor
University of Maryland
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about MobiSocial on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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