Mibo, an Amsterdam (Netherlands) based startup, announced on 14th April 2021 that it has raised €1 million in its seed funding round. The round was led by Netherlands’ Peak Capital.
Investors: Peak Capital is an Amsterdam based venture capital firm that was founded in 2007 by Heleen Dura – van Oord, Johan van Mil and Stefan Bary. It mainly invests in early stage startups in the areas of fast-growing marketplace platforms and SaaS. Led by a team of experienced entrepreneurs it currently has around €84 million in assets under management. Its portfolio includes companies such Whale, Trengo, Lessonup, United Wardrobe and more.
“From the first moment I was talking to the Mibo team, when they just reached out for advice, I knew they were onto something special.They didn’t have any numbers at that moment, but everything VCs want to see is in place: immediate appeal of the product to the audience, high adoption, possibilities for viral growth and an interesting platform to build services and experiences on top of. And the team has proven to be able to execute on all of that very fast.”— Stefan Bary, managing partner at Peak Capital.
Purpose of investments: The funds from the current rounds would be utilised by Mibo to further develop its platform, build more partnerships and drive international growth. Mibo would also be looking forward to increase its headcount in the areas of marketing, product design, front and back end web developing, customer success and more.
About Mibo:
Mibo is a social conferencing platform that was founded in 2020 by Taco Ekkel. It describes itself as a video chat made for informal meetings, remote drinks, social mixers, networking events, or just hanging out with your team.
What’s really fun about Mibo is that it is more than a simple video meet. It is more of a virtual island where participants can walk around freely. They can goof around, decide which conversations to join, and talk to their friends just as it is done in real life.Naturally the people nearer to a person on the island are louder than the ones that are far. Mibo even has interactive stuff from chairs to basketball to make meetings more fun.
To date companies like Microsoft, Google, Intel, Pepsico etc are already functioning as paying customers of Mibo.
What the CEO has to say:
“Having built and worked with many remote teams, we know the pain of trying to have informal gatherings or fun activities remotely. Zoom and other business video conferencing tools simply aren’t built for informal group gatherings. That’s why we’ve built Mibo: to help teams get together in a way that feels human, social, and fun.”— Taco Ekkel, co-founder and CEO of Mibo.
For more extensive analysis and Market Intelligence reports feel free to approach us or visit our website: Venture Capital Market Intelligence Reports | VCBay.
We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. Please let us know
-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!
Next article
 based startup, announced on 14th April 2021 that it has raised €1 million in its seed funding round. The round was led by Netherlands’ Peak Capital.){kind=link}