MobileX Labs Raises $1.5 Million, Launches App Builder Platform

By Brandy Shaul Comment

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MobileX Labs has announced the beta launch of its new MXL Build app building platform, which allows users to create free mobile apps without previous coding knowledge. In addition, the company has raised $1.5 million in seed funding, led by Gary Holdren of The Garland Funds. MobileX Labs was created by Dan Novaes and Kiran Panesar, and earned over $1.5 million in revenue before officially accepting any outside funding.

The company’s board of advisors includes Mark Cuban, who chose MobileX Labs as one of his portfolio companies in 2013.

“I chose to work with the MobileX team because it was clear from the beginning that they were a smart group of entrepreneurs who were more than driven to succeed in their mission to democratize the app store,” said Cuban.

Using MXL Build, users can create an app “in minutes,” and are given step-by-step assistance in making sure each created app meets the appropriate App Store requirements for publishing. The system is especially beneficial for small businesses, musicians, bloggers, schools and others that may not have the resources necessary to create apps, but still want a mobile presence.

MXL Build received more than 22,000 user signups throughout its private beta phase.

“Additional benefits of choosing [MXL] Build include the ability to sell an app, various third party integration, loyalty/payment processing capabilities, e-commerce modules, gamification, targeted push notifications, user analytics, and increased brand exposure through the MobileX network,” adds MobileX Labs.

More information on MXL Build is available on MobileX Lab’s website.