Ecommerce dominates funding announcements in May

Ecommerce dominates funding announcements in May

Source Beauty, an Egyptian beauty e-commerce platform, has raised pre-seed funding from 500 Startups .. Brimore, the social commerce and parallel distribution platform that connects manufacturers with consumers, has raised $3.5m in a pre-series A round led by Algebra Ventures, with participation from Disruptech, Vision Ventures, and returning investors, 500 Startups, and Flat6Labs.. Telgani, the car rental platform startup based in Saudi Arabia, has closed a six-figure investment for its seed round.. Investors in the round included 500 Startups, Saudi Venture Capital Company, Impact46, and a group of angel investors.. The investment is part of the Pre-Series A funding round led by EQ2 ventures, Class 5 Global, and 500 Startups.. Munjz, Saudi Arabia's mobile application for home services, has raised an undisclosed Pre-Series A funding round led by Vision Ventures, with participation from Seedstars and MRK Holding.. Munjz is currently operating in 13 cities in Saudi Arabia and is looking to use the new funding to expand in the region, develop the team and offer broader maintenance services in the areas where it operates..