Tech Company Financing Transactions
Bazaars Funding Round
Bazaars, based in Dubai, secured $15 million in investment from private investors.
Transaction Overview
Company Name
Announced On
8/7/2023
Transaction Type
Venture Equity
Amount
$15,000,000
Round
Seed
Investors
private investors (Al Tamimi)
private investors (Amir Sarhangi)
Proceeds Purpose
The company intends to use the funds to Expand its operations into new markets, including Asia, Africa and Latin America. Develop new products and features, such as a peer-to-peer lending platform and a crypto-backed lending platform. Build out its team by hiring more engineers, product managers, and marketing professionals.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
Dubai Silicon Oasis DDP Building A2
Dubai, Undisclosed
UAE
Dubai, Undisclosed
UAE
Phone
Undisclosed
Website
Email Address
Overview
Bazaars will be a proof-of-stake (PoS) blockchain network and a decentralized peer-to-peer (P2P) marketplace. Users can exchange physical and digital assets with each other. Bazaars (BZR) token holders will receive a percentage of profits from the Bazaars app marketplace.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Crypto Moe
Co-Founder
Raja Khatib
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