Fundz

Socket Mobile

Fremont, California, United States · Hardware, Software · 67 employees

Socket Mobile is a leading provider of data capture and delivery solutions for enhanced productivity in workforce mobilization. Socket Mobile's revenue is primarily driven by the deployment of third-party barcode-enabled mobile applications that integrate Socket Mobile's cordless barcode scanners and contactless readers/writers. Mobile Applications servicing the specialty retailer, field service,

Funding history

  • Series seed — $500K — Apr 2026
  • Series seed — $500K — Mar 2026
  • Series seed — $1.5M — Jun 2025
  • Series seed — $1.5M — Jun 2025
  • Series seed — $1.0M — Aug 2024

Recent signals

  • May 19, 2026: SEC 8-K (5.02): On May 19, 2026, Socket Mobile, Inc. received a Deficiency Letter from Nasdaq indicating that its common stock's closing bid price fell below the required minimum of $1.00 per share for 30 consecutive business days. The company has until November 16, 2026, to regain compliance with Nasdaq Listing Rule 5550(a)(2). Should it fail to achieve the minimum bid price for at least 10 consecutive business days within this period, it may face delisting. This situation raises concerns regarding the company's financial stability and ongoing operations in the competitive market.
  • May 04, 2026: Launched Socket Mobile, Inc. launches SM Link to enable professional cordless scanning and Apple Wallet pass reading on Mac.
  • Apr 23, 2026: Raised $500K in Series seed
  • Mar 30, 2026: Raised $500K in Series seed
  • Mar 18, 2026: SEC 8-K (1.01): On March 18, 2026, Socket Mobile, Inc. entered into a Secured Subordinated Convertible Note Extension Agreement with the holders of their outstanding secured subordinated convertible notes. This agreement extends the maturity date of the notes from May 26, 2026, to May 26, 2028, while all other terms and conditions remain unchanged. This extension involves a financing of $1,600,000 previously completed on May 26, 2023. The strategic implication of this extension allows the company additional time to manage its capital structure and financial obligations. The agreement is critical for addressing liquidity needs and stability in the company's financial health going forward.
  • Jan 12, 2026: Launched Socket Mobile launched the SocketScan S721, a Bluetooth scanner designed for businesses using Square's iOS applications.
  • Jun 11, 2025: Raised $1.5M in Series seed
  • Jun 02, 2025: Raised $1.5M in Series seed

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