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