Venture Capital firm 3i has decided to withdraw from its investments in the mobile space.
Ian Lobley, a senior partner at 3i, told AC Euro that its ivestments in mobile sector have been broad, and not so focused on say mobile content. Investments that have worked: "Investments around the semiconductor area, CSR, Sychip, Ubinetics – have been a great area for us. But middleware and software to the handsets has been good too: Magic4, Trigenix, and Bitfone. Even content, K-mobile was a content company."
3i have historically had problems understanding investments in certain industry areas (such as online games), and it seems the mobile content industry is the latest.
Via MocoNews
January 29th, 2007 at 1:11 pm
Mobile content and mobile software is a most profitable ways now..
February 9th, 2007 at 10:52 am
Interesting decision, who’s their ideologic inspirer?!
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January 28th, 2009 at 4:38 pm
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