Moovweb Raises $16 Million

Moovweb is a startup that helps companies optimize their website for mobile platforms.  Some of Moovweb’s customers include Golfsmith, Ticketweb, the American Cancer Society, and Chico’s.  Based in San Francisco, Moovweb has raised $16 million in their first round of institutional funding.  New investors JAFCO Ventures and Trinity Ventures participated in this round of funding.  They were joined by Sun Microsystems co-founder Andy Bechtolsheim.  Joe Horowitz and Paul Sallaberry of Jafco Ventures joined Moovweb’s board of directors.  Gus Tai of Trinity is now a board observer.

Moovweb takes the content from a brand’s existing desktop website and then turns it into a mobile website.  Moovweb can also create apps for smartphones and tablets.  Moovweb’s clients can use the Moovweb SDK to build device-specific features.  When a customer updates their websites using the SDK, it can be synchronized to the mobile versions of their websites also.

According Moovweb’s website, they have converted “nearly 12 billion mobile pages.”  As a result, Moovweb’s revenue has quadrupled in the past 12 months.  The company was founded by Ajay Kapur, who has received his MBA from Stanford University and previously worked at Goldman Sachs.  Moovweb’s VP of Technology, Hampton Catlin, is the original creator of the Wikipedia Mobile.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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