MobileX Labs Raises $1.5 Million, Launches App Builder Platform

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.

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