{"id":548844,"date":"2022-08-24T04:00:15","date_gmt":"2022-08-24T04:00:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/24\/adtech-startup-arabyads-closes-usd-30-mn-pre-series-b-round\/"},"modified":"2022-08-24T04:00:15","modified_gmt":"2022-08-24T04:00:15","slug":"adtech-startup-arabyads-closes-usd-30-mn-pre-series-b-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/24\/adtech-startup-arabyads-closes-usd-30-mn-pre-series-b-round\/","title":{"rendered":"Adtech startup ArabyAds closes USD 30 mn pre-Series B round"},"content":{"rendered":"

<\/a> Egypt-born adtech startup <\/strong>ArabyAds<\/a><\/strong> secured USD 30 mn in a pre-Series B round<\/strong> from pan-African investment platform AfricInvest<\/a>, it said in a press release (pdf)<\/a>. The company will use the funds to develop its tech and increase its head count, according to the statement.<\/p>\n

About ArabyAds: <\/strong>Founded in 2013 by Mahmoud Fathy (LinkedIn<\/a>) and Mohammad Khartabil (LinkedIn<\/a>), the Egypt-born company is currently headquartered in the UAE and has offices in Egypt, Tunisia and Jordan. ArabyAds offers online and in-app marketing and data insight tools in more than six countries, according to its website, and last year acquired<\/a> influencer marketing agency Dmenta<\/a>, which also operates in Egypt.<\/p>\n

This is the eighth investment by AfricInvest\u2019s <\/strong>Maghreb Private Equity Fund IV<\/a><\/strong>. The EUR 194 mn fund reached its final close in 2018 and targets North African SMEs operating in sectors including IT, healthcare, education, logistics, agribusiness, and services. It is backed by development finance institutions including the African Development Bank, the European Bank for Reconstruction and Development, and the European Investment Bank<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt-born adtech startup ArabyAds secured USD 30 mn in a pre-Series B round from pan-African investment platform AfricInvest, it said in a press release (pdf). The company will use the funds to develop its tech and increase its head count, according to the statement. About ArabyAds: Founded in 2013 by Mahmoud Fathy (LinkedIn) and Mohammad […]<\/p>\n","protected":false},"author":1,"featured_media":548845,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[2157,72,95,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-africinvest","tag-enterpriseam","tag-startup-watch","tag-startups","wpautop","entry"],"acf":{"mongo_id":"0335bc95-8209-4bf9-965d-cd1089e02b73","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/8\/371.jpg","photo_position":"above","related_issue":[548836],"teaser":"","voice_url":""},"yoast_head":"\nAdtech startup ArabyAds closes USD 30 mn pre-Series B round - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/24\/adtech-startup-arabyads-closes-usd-30-mn-pre-series-b-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Adtech startup ArabyAds closes USD 30 mn pre-Series B round\" \/>\n<meta property=\"og:description\" content=\"Egypt-born adtech startup ArabyAds secured USD 30 mn in a pre-Series B round from pan-African investment platform AfricInvest, it said in a press release (pdf). 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The acquisition\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/301.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559726,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/02\/former-just-eat-ceo-invests-in-elmenus-joins-board\/","url_meta":{"origin":548844,"position":1},"title":"Former Just Eat CEO invests in Elmenus, joins board","author":"enterpriseam admin","date":"2 February 2021","format":false,"excerpt":"Elmenus has landed an undisclosed investment from former Just Eat CEO David Buttress, who will join the board of the Egyptian food delivery platform, it said in a statement (pdf) yesterday. Buttress (bio), now a partner at VC outfit 83 North, has invested a \u201crelatively significant\u201d amount in the company,\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/41.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581334,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/08\/homegrown-adtech-startup-gameball-bags-usd-3-5-mn-seed-round\/","url_meta":{"origin":548844,"position":2},"title":"Homegrown adtech startup Gameball bags USD 3.5 mn seed round","author":"enterpriseam admin","date":"8 February 2023","format":false,"excerpt":"Gameball plans to launch on-the-ground operations in the KSA, Germany, and the UK","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/GameballFoundersx1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":552280,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/24\/this-evening-cbes-hassan-abdalla-meets-with-trade-minister-senior-bankers-plus-theres-a-whole-lot-of-energy-chatter-in-the-international-press\/","url_meta":{"origin":548844,"position":3},"title":"THIS EVENING: CBE\u2019s Hassan Abdalla meets with trade minister + senior bankers. Plus: There\u2019s a whole lot of energy chatter in the international press","author":"enterpriseam admin","date":"24 August 2022","format":false,"excerpt":"Good afternoon, wonderful people, and happy almost-THURSDAY. There are some interesting developments happening here in Omm El Donia that we\u2019re keeping an eye on today as we wait to see how things pan out.THE BIG STORY TODAY Central Bank of Egypt Governor Hassan Abdalla is meeting with Trade and Industry\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":578438,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/28\/turbulence-yes-slowdown-no\/","url_meta":{"origin":548844,"position":4},"title":"Turbulence yes, slowdown no","author":"enterpriseam admin","date":"28 December 2022","format":false,"excerpt":"Despite a turbulent year, Egypt\u2019s startup investment numbers still look quite good: While the startup world has been busy dealing with the VC squeeze, Egyptian startups broke yet another funding record. But this time around, the numbers were accompanied by news of layoffs, meltdowns and consolidation, as we previously wrote.We\u2026","rel":"","context":"In "YEAR IN REVIEW: STARTUPS"","block_context":{"text":"YEAR IN REVIEW: STARTUPS","link":"https:\/\/enterpriseam.com\/egypt\/category\/year-in-review-startups\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/581.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548274,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/02\/homzmart-closes-usd-23-mn-pre-series-b-round\/","url_meta":{"origin":548844,"position":5},"title":"Homzmart closes USD 23 mn pre-series B round","author":"enterpriseam admin","date":"2 August 2022","format":false,"excerpt":"Homzmart just closed one of Egypt\u2019s largest funding rounds this year: Furniture and home goods marketplace Homzmart has closed a USD 23 mn pre-series B round, it said in a statement (pdf) yesterday. The round saw participation from Saudi VC STV as well as existing investors including Impact46, Outlier Venture\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/118.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=548844"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548844\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/548836"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/548845"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=548844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=548844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=548844"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=548844"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=548844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}