Mobily Ventures invests in high-tech startups

September 2, 2014 10:17 am

Mobily, Saudi Arabia’s second-largest telecommunications company has launched “Mobily Ventures”, a new venture capital fund to invest in high-tech start-ups in the telecommunication, IT, media and entertainment sectors, Saudi Gazette reported. The focus will be on Early-Stage and Growth-Stage startups in areas including e-commerce & retail innovation, mobile financial services & payment, digital advertising, digital content & entertainment as well as IT & cloud services.