Movius Announces $45 Million in Series D Financing Led by JPMorgan Chase & Co.
New Investment to Further Expand Development of Simple, Secure Mobile Communications Platform Enabling Companies to Elevate Their Mobile Strategies
Movius, an emerging leader in cloud-based secure mobile communications software, announced the closing of its $45M Series D funding round led by new investor JPMorgan Chase & Co. . Existing investors PointGuard Ventures, New Enterprise Associates (NEA) and Anschutz Investment Company also participated.
“Across the board, financial services firms are finding that customers and employees alike expect to communicate conveniently on their mobile devices”
The $45M Series D round brings the total equity raised by Movius to $91M. The new funding will support a variety of initiatives as Movius drives global expansion, particularly in Europe and Asia, accelerates its product roadmap and scales to meet the mobility needs of businesses for compliance, cost-savings and customer engagement and of a new generation of employees who expect to use one mobile device that can separate work and personal lives seamlessly and securely.
“We’re excited to partner with JPMorgan Chase – a global visionary in financial services and a leader in embracing secure, seamless solutions for our mobile age,” said John Loiacono, CEO of Movius. “This investment is particularly important as a testament to the power of our solution to simplify the complex needs of the financial services sector and other key markets around the globe. There is simply nothing like what we’ve built.”
“Across the board, financial services firms are finding that customers and employees alike expect to communicate conveniently on their mobile devices,” said Larry Feinsmith, managing director and head of Global Technology Strategy, Innovation and Partnership at JPMorgan Chase & Co. “This strategic investment in Movius will help remove friction and better enable employees to be more productive and communicate securely via their mobile devices.”