October 15, 2018 – Bangor, Maine – Mobile Price Card, Inc (MPC) is revolutionizing the way cellular retailers price and merchandize their products. CEO Chad O’Leary announced today that it closed its Series A round of financing led by Maine Venture Fund (MVF) with participation by CEI Ventures, Inc. (CVI).
“We are humbled to have such amazing investors.” O’Leary continued, “Our values and missions align, and the expertise they bring to the table is amazing. The investment community in Maine has been incredibly supportive. I cannot thank MVF, our lead investor, and the team from CVI enough for their contributions. Even more than the capital they bring, I appreciate their culture and commitment to good corporate citizenship.”
“We are excited to invest in developing innovation in Maine,” said CEI Ventures Principal Chandler Jones. “We expect the company to meet CEI’s mission by creating quality jobs with strong benefits while also providing a suitable return on our investment.”
“Our technology is unique and invents an entirely new way to market mobile devices to consumers,” O’Leary said. “We chose Maine as our headquarters because of the talent, warmth, character and industrious spirit of Mainers. This funding will help us ramp up our technology development and grow our team to accelerate growth.”
In addition to MVF and CVI, several angel groups invested, including the Maine Angels, Bangor Angels, and Beacon Angels.
About Mobile Price Card
Mobile Price Card (MPC) is a patent-pending mobile application that uses the screen of devices on display in retail showrooms to show the price and specifications about the device, eliminating the expense, waste, and inaccuracies of traditional paper price cards. MPC helps retailers improve sales using the display devices with targeted consumer advertising at the point of purchase more effectively than other advertising mediums. Just as smartphones changed the way people communicate, Mobile Price Card is poised to change the way consumer electronics retail is conducted.
Coastal Enterprises, Inc. (CEI) helps to grow good jobs, environmentally sustainable enterprises, and shared prosperity in Maine and in rural regions across the country by integrating financing, business and industry expertise, and policy solutions. CEI envisions a world in which communities are economically and environmentally healthy, enabling all people, especially those with low incomes, to reach their full potential. Learn more about how CEI is helping to build an economy that works for everyone here: www.CEIMaine.org.