Mobiz, a South African mobile marketing platform has secured undisclosed funding from HAVAÍC to fund the company’s growth and restructure some of the shareholdings. This new investment is part of Mobiz’s recent capital raise.
HAVAIC joins Kalon Venture Partners as shareholders in Mobiz.
Mobiz has developed proprietary SmartSMS technology, which utilises standard SMS with embedded links that provide personalised microsites enhancing the overall user experience.
Mobiz provides its blue-chip clients with an easy-to-use marketing software platform that allows users to quickly and easily create well-designed and highly-personalized mobile campaigns.
Compared with traditional marketing channels, Mobiz achieves a 400 percent improved customer engagement rate with 98 percent open rates and an average of 15 percent click-through rates.
Founded in 2014 by Greg Chen and Clark Lin, to date Mobiz has seen impressive growth and their client base includes a number of JSE-listed companies.
In recent months, the company has seen further growth in times when marketing budgets are shifting strongly in favour of digital and mobile outlets. The SmartSMS solution of Mobiz provides an affordable, efficient, and personalised means of delivering digital touchpoints when brands and corporates cannot rely on traditional physical means.
Mobiz has joined the US accelerator program, Alchemist, with a view to expanding the business into the US market in the coming months.
The 2 founders have a long history in mobile technology dating back to 2005, and they are aware of the nuances in the industry and competition faced in entering a mature market.
Greg Chen added: “We’ve experienced over 200% growth in the past 12 weeks, signalling that empowering businesses to easily build their ideal customer engagement was key to still be relevant during uncertain times.
“However, the need to craft that perfect customer moment goes beyond the region and economic cycles, therefore we are eager to expand into the US with HAVAÍC’s help.”
Grant Rock, partner of HAVAÍC states: “The Mobiz unique tech offering with its ability to scale internationally fits our investment thesis and we are excited to see Mobiz grow further locally and also enter other markets.
“We have been most impressed with the experienced and mature team headed up by Greg. They are well-placed to grow exponentially which is what attracts us to this opportunity.
“We are excited to assist Mobiz with their international expansion starting in the US, as they join several of our portfolio companies who we have successfully moved to the US in the last few years.”