Designer glasses seller Eyewa raises $7.5 mln for its expansion in the MENA
Tuesday, 16 April 2019 15:52
Eyewa, a Dubai-based designer glasses online seller, raised $7.5 million during a funding round led by Wamda Capital.
During the round, Wamda Capital, which invests in tech firms operating in the MENA region, collaborated with six investors.
Eyewa will use the funds to increase its team and infrastructures as well as its expansion out of the UAE and Saudi Arabia.
The platform plans to enter the MENA region and to date, it has received a total of $8.6 million from investors.
Let’s note that in Morocco, the designer glasses market is estimated at MAD2 billion, according to a 2018 figure published by the Moroccan association of eyewear suppliers (association marocaine des fournisseurs d’optique).
Chamberline MOKO
Live News
-
Cameroon’s microfinance sector counts 385 licensed lenders, with CFA659bn in loans
19:12
-
U.S. tariffs hit Cameroon exports, revenues fall to CFA38bn
19:08
-
Togo Microfinance: Deposits and Loans Rise Simultaneously in Q3 2025
18:55
-
Cameroon roads budget faces CFA84bn gap as works spill into 2026
18:49
-
Togo drafts organic certification rules to support local producers
18:27
-
PAFF 2026 Positions Pan-African Cinema as Soft Power and Economic Tool
17:56
-
Ethiopia Secures $130 Million EIB Loan for Rural Development Project
17:47
-
Tunisian Entrepreneur Ridha Mami Targets Sales Productivity With AI
16:47
-
Rwanda Expands Zipline Partnership to Build National Drone Network
16:45
-
Mohamed Hassan Hijazi Builds All-in-One Platform for Beauty Industry
16:43
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Touted as a tool of emancipation, blockchain was meant to give the Central African Republic a new fo...
African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...
Royal Air Maroc signed a deal with DAE to lease 13 Boeing 737-8 aircraft. Deliveries are schedule...
Visit scheduled from February 4 to 6, 2026, at the invitation of President Hakainde Hichilema Tal...
Togo develops local organic certification framework for producers Standards aim to ease access to organic labels and markets Framework...
Ethiopia and the European Investment Bank signed a €110 million ($130 million) loan agreement for rural development financing. The project...
TotalEnergies will operate the offshore PEL104 exploration license in Namibia with a 42.5% stake. The license sits in the Lüderitz Basin and covers...
African airlines increased air cargo volumes by 6.0% in 2025, beating global growth. December traffic rose 10.1%, the fastest increase among all...
The Pan African Film & Arts Festival (PAFF) will run from February 7 to 22, 2026, in Los Angeles, positioning itself as a major soft power platform for...
More than 100 Senegalese artists publicly urged President Bassirou Diomaye Faye to impose sanctions on Israel over the Gaza conflict. The artists...