|Description||Intellectual Property, Patents|
|Series A, 6/2011 ||$18M|
Mobile Location IP is a patent holding, innovation and licensing company.
The company created many of the first mobile location-based applications over 12 years ago under the Smarter Agent brand. Through 2012 the company had raised $18 million dollars.
The company has been granted 8 United States patents. It has several pending patents. Its patents govern the use of wireless location-triggered searching (such as via GPS) for real estate information, commerce and advertising related to any property or landmark from a user’s mobile device. It also has a patent for configuring an adjustable rate commission. Granted patent numbers include: 6,385,541; 6,496,776; 7,072,665; 7,457,628, 7,599,795, 7,987,113, 8,442,550 and 8,473,199. CoreLogic and RealPage are examples of publicly traded licensees.
In April 2013, the company spun out Smarter Agent Mobile, its operating company, to investors. The operating company is the largest SaaS enterprise mobile company in the real estate vertical. It counts the largest real estate franchisors, brokers and MLS organizations as its customers, with access to over 400,000 agents.