Friendi Group completes another round of funding

Friendi Group, a pan-regional mobile virtual network operator (MVNO) has announced an equity investment by Oman based Dolphin International LLC and global top-10 venture capital firm ePlanet Ventures.

Dolphin International LLC is a privately owned Omani company established in 1985 that holds a diverse portfolio of investments in banking, infrastructure, education, healthcare, bio-technology, advertising, real estate, construction, surgical products and energy.

ePlanet Ventures is a venture capital company with 10 offices across Asia, North America and Europe. It has funded over 90 innovative high-growth companies worldwide, including landmark investments such as Baidu, Skype and Focus Media. ePlanet has already participated in an earlier round of funding in Friendi Group.

“We have raised this additional double-digit US dollar millions equity to further improve our financial readiness for launching multiple MVNO operations in quick succession across the region, now that we have validated the MVNO model in the region with the launch of our operation in Oman”, said Mikkel Vinter, founder and CEO of Friendi Group.