Wednesday, September 19, 2012

Mobli Banks $22 Million in Series B Round

Social photo-sharing app Mobli announced Wednesday that it had raised another $ 22 million in its series B round of funding, with the bulk of the money ($ 20 million) coming from a single investor â€" Kazakh multimillionaire Kenges Rakishev. Mobli has raised $ 28 million to date, and will use the capital injection to continue in its quest for share in an increasingly crowded market with no dearth of photo-sharing applications.

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