One of the Richest Men in the World Just Invested in an Instagram Competitor Mexican billionaire Carlos Slim led a $60 million funding round for video and photo-sharing startup Mobli.

By Andrea Huspeni Nov 6, 2013

Opinions expressed by Entrepreneur contributors are their own.

Instagram competitor Mobli just got a whole lot of ammo to take on the Facebook-owned company.

The Israeli-based company just nabbed $60 million in a round led by América Móvil, the Latin America telecom run by one of the richest men on the planet, Carlos Slim.

Part of the deal involves a strategic partnership introducing Mobli's platform to América Móvil customers.

"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," Slim said in a statement. "The Mobli team has shown extraordinary skills in creating a powerful and innovative product for its users."

Part of the funds will be used to expand its search engine of images and providing an archive feature, along with scaling the market.

"Our new strategic partnership with America Movil will allow us to reach a massive community of millions of users in Latin America," said Moshe Hogeg, founder and CEO of Mobli.

Launched in 2011, the photo and video-sharing platform allows users to connect based on interests, locations and hashtags. It also displays the three newest images added to a gallery and provides filters, a direct-messaging system and social media integration.

Past investments include a $28 million round, with $22 million from investor Kenges Rakishev and approximately $6.5 million from Serena Williams, Leonardo DiCaprio and Tobey Maguire.

"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 DiCaprio.

Andrea Huspeni

Founder of This Dog's Life

Andrea Huspeni is the former special projects director at Entrepreneur.com and the founder of This Dog's Life.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Most Popular

See all

Side Hustle

This Husband and Wife's 'Happy Accident' Side Hustle Hit $467,000 Revenue Fast — Now It Makes Over $1 Million a Year: 'We're Scrappy'

Charlene and Vince Li couldn't find the snack they wanted to see on the shelves, so they created it themselves.

By Amanda Breen

Growing a Business

'Boring' Businesses Are Making Millionaires — and You Can Borrow Their Strategies For Success

The silent growth strategy reveals how understated, steady businesses are quietly creating wealth for entrepreneurs in 2025. By focusing on long-term consistency and incremental progress, these "boring" industries are proving to be gold mines for those willing to embrace stability over hype.

By Murali Nethi

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

By Eve Gumpel

Business News

YouTuber MrBeast Makes More Money From His Side Hustle Than From His YouTube Videos

The 26-year-old creator has racked up hundreds of millions of views and subscribers on YouTube, but it isn't his main moneymaker.

By Sherin Shibu

Business News

JPMorgan CEO Jamie Dimon Says Only One Group Is Complaining About Returning to the Office

In a new interview, Dimon said remote work "doesn't work" and noted some JPMorgan employees were checking their phones while he was speaking in a meeting.

By Sherin Shibu

Growing a Business

How to Make Your Business Look Bigger Than It Is — Without Faking It

Perception shapes reality in business. A polished, credible brand attracts customers, investors and media attention — even if your team is small. But how do you project strength and scale without resorting to deception? Here's what you need to know.

By Scott Baradell