Your Source for Venture Capital and Private Equity Financings

Mobli Announces $60M Funding Round

2013-11-07
TEL AVIV, ISRAEL, Mobli, a social-mobile media sharing platform, has received an investment from American Movil as part of Mobli's $60 million funding round.
Mobli the social-mobile photo and video-sharing multi-platform, today announced that America Movil, the leading provider of integrated telecommunications services in the Americas has made a strategic investment in Mobli as part of Mobli's $60 Million Funding Round and has reached a business collaboration arrangement to introduce Mobli's innovative products to America Movil's mobile users.

'The mobile access is significantly enriching our daily lives and is opening the door to completely new experiences for users around the world. Mobli has developed a remarkable technology and this strategic alliance will allow America Movil to bring value added experiences for its users throughout the Americas,' said Mr. Carlos Slim D. 'The Mobli team has shown extraordinary skills in creating a powerful and innovative product for its users.'

Mobli, which originally launched in 2011, is a multi-platform photo and video sharing community focusing on connecting people around common interests by allowing users to follow people, hashtags and even locations straight to their feed.

'This is an incredibly important milestone for Mobli - for our users, for our investors, and for our team. This represents a remarkable opportunity for Mobli and a greater responsibility to continue improving and building powerful technology,' said Moshe Hogeg, Founder and CEO of Mobli. 'Our new strategic partnership with America Movil will allow us to reach a massive community of millions of users in Latin America.'

'Mobli has shown a passionate focus on tech innovation while building amazing solutions for its users and this partnership will allow each party to focus on its core strength and enhance experiences for their users,' said Kenges Rakishev, Chairman of Mobli.

This strategic investment will allow Mobli to launch and expand its visual search engine enabling its users to see the world through other people's eyes, and to scroll back in time through previous images.

'I've always been excited by Mobli's mission to connect people around the world through shared visual images. Today's announcement means that a massive new community of users will be introduced to an incredible experience of discovery and sharing,' said Leonardo DiCaprio, Mobli Investor and Advisor.
(c) by Massinvestor, Inc. For contact info, please check out our about page.
>> Click here for in-depth research on 9,000+ startups and 5,000+ VC investors