Tech Company Financing Transactions
DXwand Funding Round
Algebra Ventures, Shorooq Partners and Dubai Future District Fund participated in a $4 million Series A venture round for DXwand. The funding round was announced on 1/25/2024.
Transaction Overview
Company Name
Announced On
1/25/2024
Transaction Type
Venture Equity
Amount
$4,000,000
Round
Series A
Investors
Proceeds Purpose
The Series A investment will assist DXwand in expanding further in the MENA region and accelerate its research and development efforts in generative AI, knowledge mining, and omnichannel conversational AI within the region.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
1603 Capitol Ave 310 A136
Cheyenne, WY 82001
USA
Cheyenne, WY 82001
USA
Phone
Undisclosed
Website
Email Address
Overview
Our journey started in 2018 with two innovative engineers who dared to dream big. Recognizing the limitations of existing customer support solutions, they set out to create something groundbreaking -- the result was DXP. Fast forward to today, we've helped over 200 satisfied clients enhance their customer experience and business growth. With an initial funding round of $1 million led by China's Huashan Capital, we've solidified our position as a leading tech force in the AI industry.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ahmed Mahmoud
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We report on every notable VC transaction. VC transactions reported here come from publicly available VC deal announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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