Tech Company Financing Transactions
ArabyAds Funding Round
ArabyAds closed a $30 million Series B investment round on 8/25/2022. Backers included AfricInvest.
Transaction Overview
Company Name
Announced On
8/25/2022
Transaction Type
Venture Equity
Amount
$30,000,000
Round
Series B
Investors
AfricInvest (Skander Oueslati)
Proceeds Purpose
ArabyAds will use the new financing to expand its footprint and further invest it to accelerate its technological advancement and talent acquisition to support the growth.
Company Information
Company Status
Private & Independent
Industry
AdTech
Mailing Address
5-2, 5th Floor Choueiri Group Building, Al Falak St
Dubai Media City, Undisclosed
UAE
Dubai Media City, Undisclosed
UAE
Phone
Website
Email Address
Overview
ArabyAds was conceptualised and founded in 2013 with a vision to empower the growth of e-commerce in the Middle East. While it was still the early days of e-commerce in the region with only a handful of local players and global biggies yet to make an entrance, the timing was perfect. Not only did our founders have the vision for the upcoming industry, but they also brought in the passion to pioneer innovation and lead the sector. Independent from the word go and built on aspirations from the ground up, ArabyAds was created with the idea of putting the success of the client paramount and empowering advertisers with data, transparency, and precision to reach the right audience.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Mahmoud Fathy
Chief Financial Officer
Bachir Siam
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