Investment in MENA start-up Homzmart rises to $40 mln after latest round – Reuters.com
- Date: 01-Aug-2022
- Source: Reuters
- Sector:Technology
- Country:Egypt
Investment in MENA start-up Homzmart rises to $40 mln after latest round – Reuters.com
Cairo, Aug 1 (Reuters) - Furniture and home goods e-commerce platform Homzmart has closed one of the past year's biggest funding rounds for a Middle Eastern and North Africa start-up, raising $23 million, its chief executive said.
The company, launched in 2020, will use the new funding to expand services, especially logistics, and fill gaps that appear in supply chains, co-founder and CEO Mahmoud Ibrahim said in an interview with Reuters.
The latest pre series B round funding round, which included participation from Riyadh-based technology venture capital fund STV, Impact46, Outliers Ventures, Rise Capital and NUWA Capital, brings its total funding to about $40 million.
Select Sector 
Select Country 
