Egyptian trade platform Brimore raises $3.5mln growth fund
Thursday, 14 May 2020 13:42
Brimore, an Egyptian trade platform, raised $3.5 million in an operation led by Algebra Ventures and backed by various venture capital and investment firms.
The retail company co-founded in 2017 by Mohamed Abdulaziz, Ahmed Sheikha, and Mahmoud Refaay intends to invest the money in its expansion plan and strengthen its personnel. “With this new round of financing, we will be able to invest more in product development, operational infrastructure, and our growth momentum,” said Mohamed Abdulaziz.
This new round of financing comes one year after the fundraising operation carried out with the American venture capital firm Endure Capital and the Egyptian company Algebra Ventures.
Chamberline Moko
Live News
-
Ghana Joins Mozambique in Boycotting Africa Energies Summit in London
04:30
-
Italy’s Eni announces gas discovery off Egypt’s Mediterranean coast
04:29
-
Togo, Burkina Faso Move to Cut Logistics Costs on Key Lomé-Ouagadougou Corridor
04:26
-
Africa’s tech hubs double in five years, reflecting shift beyond startup support
04:23
-
Togo medical council lists 940 registered doctors, up from 631 in 2024
04:01
-
Togo business registrations rebound after two years of decline
20:30
-
Morocco Targets $297 Million Gaming Market with Huawei Partnership
18:42
-
In Lomé, experts explore communication as a lever for climate action
17:47
-
Two Pan-African Competitions Launch Applications, Offering Funding for Agri-Food and Digital Start-ups
17:38
-
Togo plans supplementary health cover to strengthen universal insurance
17:35
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
West African Development Bank allocates $131.8 million to support cotton sectors in Burkina F...
Ghana withdraws from Africa Energies Summit over representation concerns Industry body criticizes lack of African participation in panels Move aligns...
Eni discovers 2 Tcf gas at Egypt’s offshore Temsah block Find near existing infrastructure could accelerate development Discovery supports Egypt’s...
Togo, Burkina Faso discuss cooperation on Lomé-Ouagadougou corridor Talks target delays, corruption, congestion, logistics bottlenecks Initiative aims...
Africa expands tech hubs to boost innovation, digital economy growth Nairobi, Lagos, Kigali lead with established innovation ecosystems New hubs in...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...