Blue Label invests in sports tech startup Mobii Systems
The deal will give Mobii’s developers funding for new and ongoing product development, with sports technology a global, ‘underserved’ industry
Blue Label Telecoms, whose shares have been battered by concerns that associate company Cell C is over-indebted, has bought 26% of Cape Town-based sports technology startup Mobii Systems.
The deal, via Blue Label’s venture capital and private equity arm, will give Mobii’s developers the funding needed for new and ongoing product development, the companies said...
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