We serve the next 4 billion mobile internet users
The first billion internet users accessed the internet using PCs, but the next four billion—in Southeast Asia, Eastern Europe, Middle East, Africa and South America—have leapfrogged straight to smartphones. They are mobile-first and mobile-only. Some will go their entire online lives without ever having touched a computer. See how MOX enables startups to capitalize on this movement.
MOX helps mobile startups from around the world to acquire users for free – our goal is customer acquisition cost zero – and to monetize these users and drive higher lifetime value. Our network of MOX startups cross-promote each other and receive free promotion from our network of partners in return for revenue share. We help startups expand into the world’s fastest-growing markets in Southeast Asia, South Asia, Middle East, South America, and Eastern Europe.
MOX is operated by SOSV – The Accelerator VC, the #2 most active seed investor in 2019 (Crunchbase), a top 20 US venture firm (PitchBook) and top 10 most active investor in Southeast Asia (Tech in Asia). Our unique full-stack model has delivered a net IRR over the last 20 years that puts us in the top 10% of all venture funds worldwide.
With over US$700 million under management as of 2020, SOSV backs more than 150 startups annually through its global accelerators. SOSV operates HAX, the world’s first hardware accelerator (in Shenzhen, San Francisco, and Tokyo); Chinaccelerator, the first startup accelerator in China (in Shanghai); MOX, the accelerator for mobile-only markets (in Taipei); IndieBio, the first startup accelerator for life science and biotech (in San Francisco and New York); and Food-X, the disruptive food tech and agritech accelerator (in New York City).
What are your investment terms?
Our fund SOSV takes 6% common equity through a Stock Purchase Agreement (SPA) and invests through a convertible instrument with a cap and 20% discount called an Accelerator Contract for Equity (ACE) similar to a SAFE.
At the same time we invest approximately US$150,000, of which US$45K is the program cost, which we pay on the startup’s behalf to the accelerator.
do you accept only mobile apps?
No. We accept companies serving emerging mobile-first markets such as SE Asia and India. App or no app.
where do your startups come from?
All over the world really. Some headquarter cities: Singapore, Bangkok, New York, Moscow, Jakarta, Taipei, Buenos Aires, Amsterdam, Hong Kong, Seoul, etc. In India alone, our startups are headquartered in Bangalore (5), Mumbai, Gurgaon, Ghaziabad, New Delhi, and Kolkata.
GIVEN THE PANDEMIC, DO COMPANIES still NEED TO BE IN TAIPEI FOR part of the program?
No. We have run several successful virtual programs and love the instant access to even greater talent and investor networks. Looking forward to meeting you in person though!
How is the program structured?
MOX’s accelerator program has a modular structure that allows founders to run their companies while participating in the program. We run one-week modules such as Growth Hacking Week, Fundraising Module, and GOAT (Geeks on a Trip) in Taipei, SE Asia, or India.
Typically, companies complete all modules in 6-12 months.
what's the deadline for application?
There’s no deadline. Apply when you feel ready.