This investment represents a significant step forward in our vision to become a clear market leader and to create the finest custom mobile technology in the world.
Provo-based Omadi has closed a $5 million Series A funding round led by Pelion Venture Partners with participation from Peak Ventures, Kickstart Seed Fund, Tall Wave Capital, Service Provider Capital, and others.
“Pelion is a recognized leader in the early stage venture community and we are thrilled to partner with them in Omadi’s next stage of growth,” Omadi CEO Scott Petersen said in a statement. “This investment represents a significant step forward in our vision to become a clear market leader and to create the finest custom mobile technology in the world.”
It was May of this year that Omadi raised their seed round, a $700,000 investment led by Peak Ventures. It’s only eight months later, but the rise in money and expectations is now very apparent.
“We are very excited to be partnering with an incredibly visionary and experienced leader in Scott Petersen and a company and technology that is doing something very disruptive in sectors where our mobility solutions will be absolute game-changers for our customers,” Pelion Managing Partner Chris Cooper said.