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Venture Capital News: Mobli Snaps Up $22M in Series B

          
NEW YORK, NY, Photo and video sharing app built to connect content with captive audiences, announces the completion of its Series B round of financing with a $20 million investment.
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Mobli, a photo and video sharing app built to connect content with captive audiences, announces the completion of its Series B round of financing with a $20 million investment provided by noted global business leader and technology investor, Kenges Rakishev, and an additional $2 million from previous investors.

On Mobli, users follow and engage with individuals, as well as subject-based channels they find interesting. Posting photos and videos to relevant Mobli channels ensures content creators receive the feedback they deserve.

The company, which has now raised a total of $28 million, plans to use the financing to continue development and expand its audience base.

"Mobli has tremendous potential because it enables people to do something very powerful - to see the world through other people's eyes - in a simple, easy to use, and highly engaging format," said Rakishev, chairman of numerous boards in private and public sector companies worldwide, listed by Forbes as one of the 50 most influential people in Kazakhstan. "Mobli leverages social media to meet a very real human need to visually share experiences, thoughts and ideas with other people in real-time."

Rakishev, who joins Leonardo DiCaprio, Tobey Maguire, Serena Williams and Lance Armstrong as an investor in Mobli, will also join the company's board of directors. For Rakishev, this is part of a series of recent strategic investments in innovative mobile and multimedia technology players. Late last month, he invested $5 million into TriPlay, a global provider of cross-platform cloud services and the developer of MyMusicCloud and MyDigipack. Prior to this, he announced his acquisition of $32 million in stock of Net Element (OTCQB:NETE), a global technology and publishing company that operates in mobile commerce and payment processing, and also publishes popular entertainment portals and destinations.

Moshe Hogeg, Mobli's founder and CEO, said: "We are excited to complete our latest round of fundraising from such a well-respected and visionary investor as Kenges Rakishev, which further validates our business model. This latest injection of capital will support the continued innovation and development required to become the premier destination for mobile photo and video sharing."

The Mobli app is available free for iPhone, Android and the Web.

About Mobli

Mobli is a photo- and video-sharing app built to connect awesome content with captive audiences. On Mobli, users follow and engage with individuals, as well as subject-based channels they find interesting. Posting photos and videos to relevant Mobli channels ensures content creators receive the feedback they deserve.
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