Mobinets enables mobile phone
operators to make better
informed business decisions by
providing them with a dynamic,
end-to-end view of their
networks. The company recently
raised $6M from the Berytech
Fund and Middle East Venture
Partners (MEVP) to grow
internationally. Endeavor
Catalyst, Endeavor's global
co-investment fund, has also
invested $500000 in Mobinets.
MOBINETS
INSTABEAT
FOUNDED 2003
INDUSTRY Telecommunications
EMPLOYEES 60
SELECTED 2011
FOUNDED 201
INDUSTRY Technology
EMPLOYEES 7
SELECTED 2014
Labib Shalak
Hind Hobeika
49
Unlike any market competitor,
Instabeat is the first wearable that
allows professional swimmers to
monitor their performance while
training. In 2015, Instabeat raised
$4M from the Berytech Fund to
globally expand its operations.
The company has since opened
offices in San Francisco and
Lebanon. Alexander Asseily,
co-founder of Jawbone, recently
joined Instabeat as Partner and
Head of Strategy.
IMPACT REPORT 2015 – 2016
1
