Elves raises $2 million in funding

Elves raises $2 million in funding

 

Egypt-based virtual assistant platform Elves venture, has raised a $2 million investment from Egypt's Sawari Ventures along with other investors from the Middle East and North Africa region (Mena) and the United States.

This round takes the total pre-Series A investment raised by the startup to $5 million. The initial round was completed back in February, after which the startup had managed to grow its user base by 500 percent over the past six months, according to a press release by Sawari.

"What initially attracted us to Elves was its unique combination of AI and human concierge capabilities, giving it superior versatility and scalability over its competitors. The onset of Covid, and the company's ability to quickly adapt to changing consumer behavior and scale to meet the surge in demand further reaffirmed