Egyptian e-commerce software start-up el-dokan raises $550,000 in pre-seed funding – The National

Egyptian e-commerce software start-up el-dokan raises $550,000 in pre-seed funding – The National

El-dokan, an Egypt-based developer of e-commerce software, raised $550,000 in a pre-seed funding round as it seeks to expand in the highly-competitive online market.

The investment was led by regional investors, including Egypt's Flat6Labs, EFG EV — a joint venture between investment firm EFG Hermes and Egypt Ventures, Saudi Arabia's Hala Ventures and California-based 500 Global, el-dokan said on Monday.

The funding will be used to improve and develop el-dokan's e-commerce services, which are based on headless technology, a company representative told The National.