Israel’s Mobli Gets Major Boost From Mexican Billionaire Carlos Slim
The photo and video-sharing platform Mobli has received a major financial boost from one of the world’s richest men.
Mexico’s América Móvil SAB de CV, controlled by multi-billionaire Carlos Slim, is leading a new $60 million round of investments into the company. As part of the deal, Mobli will get distribution with América Móvil’s millions of mobile users.
América Móvil is the fourth largest mobile network operator in the world with revenues of $59.3 billion last year and services over 246 million mobile subscribers in 18 countries, according to TechCrunch.
“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 Mobli CEO and founder Moshe Hogeg.
“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 América Móvil to bring value added experiences for its users throughout the Americas,” said Slim, who is worth in the vicinity of $70 billion. “The Mobli team has shown extraordinary skills in creating a powerful and innovative product for its users.”
Before today’s news, Mobli had raised approximately $6.5 million from celebrities such as Leonardo DiCaprio, Tobey Maguire and Serena Williams, as well as another $22 million from private investor Kenges Rakishev, according to TechCrunch.