{"id":550338,"date":"2022-10-24T03:54:17","date_gmt":"2022-10-24T03:54:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/24\/real-estate-player-seqoon-secures-usd-500k-in-pre-seed-round-b2b-services-marketplace-unlock-lands-first-round-of-funding\/"},"modified":"2022-10-24T03:54:17","modified_gmt":"2022-10-24T03:54:17","slug":"real-estate-player-seqoon-secures-usd-500k-in-pre-seed-round-b2b-services-marketplace-unlock-lands-first-round-of-funding","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/24\/real-estate-player-seqoon-secures-usd-500k-in-pre-seed-round-b2b-services-marketplace-unlock-lands-first-round-of-funding\/","title":{"rendered":"Real estate player Seqoon secures USD 500k in pre-seed round + B2B services marketplace Unlock lands first round of funding"},"content":{"rendered":"

Two local startups \u2014 one in real estate, the other in B2B services \u2014 announced six-figure funding rounds yesterday. <\/strong><\/p>\n

<\/a> Real estate startup <\/strong>Seqoon<\/a><\/strong> has secured USD 500k in a pre-seed round<\/strong> led by Banque Misr through the lender\u2019s fintech-focused pilot program<\/a>. A number of angel investors also participated, according to a statement (pdf)<\/a>. Seqoon will use the capital to grow its team.<\/p>\n

About Seqoon: <\/strong>Founded by Omar Eldessouky (LinkedIn<\/a>) and Mohamed Elkhatieb (LinkedIn<\/a>) last year, the startup lets people go in with up to eight other parties to buy part of a vacation home. The company currently only operates in El Gouna with plans to expand into other Red Sea destinations and the North Coast next year.<\/p>\n

Timeshare startups are getting some love lately: <\/strong>Last month proptech startup Partment secured USD 1.5 mn<\/a> in a pre-seed round led by Nclude. Its online platform allows people to purchase shares in a second home with up to seven other people. The company allocates each owner a quota of days to use the property and handles the management and maintenance.<\/p>\n

UNLOCK LANDS FIRST FUNDING-<\/strong><\/p>\n

Egypt-based B2B services marketplace <\/strong>Unlock<\/a><\/strong> closed <\/strong>an undisclosed USD <\/strong>six-figure investment in its first funding round<\/strong>, the company said in a statement (pdf)<\/a> yesterday. The angel investment round was led by Tarek Roushdy, head of local VC UI Investments<\/a>, as well as other undisclosed angel investors.<\/p>\n

What is Unlock?<\/strong> Launched in 2020 by Fady Younan (LinkedIn<\/a>) and Mona El Kheshen (LinkedIn<\/a>), the company operates an AI-powered B2B marketplace connecting businesses with agencies offering professional services such as marketing, software development, accounting, and consultancy. Two hundred agencies are currently using the platform and have received service matching requests worth more than USD 3 mn from some 600 companies, El Kheshen tells Enterprise.<\/p>\n

Where will the money go? <\/strong>The funds \u2014 which El Kheshen tells us came in at less than USD 500k \u2014 will be used to further develop the company\u2019s AI-matching, procurement, and payments tech and to expand Unlock\u2019s services to reach new companies.<\/p>\n","protected":false},"excerpt":{"rendered":"

Two local startups \u2014 one in real estate, the other in B2B services \u2014 announced six-figure funding rounds yesterday. Real estate startup Seqoon has secured USD 500k in a pre-seed round led by Banque Misr through the lender\u2019s fintech-focused pilot program. A number of angel investors also participated, according to a statement (pdf). Seqoon will […]<\/p>\n","protected":false},"author":1,"featured_media":550339,"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":[1098,576,72,125,83,2571,95,123,2572,2570],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-550338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-b2b","tag-banque-misr","tag-enterpriseam","tag-investment-watch","tag-real-estate","tag-seqoon","tag-startup-watch","tag-startups","tag-ui-investments","tag-unlock","wpautop","entry"],"acf":{"mongo_id":"77cf5bab-e84f-4602-99a0-c2463b707825","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/10\/314.jpg","photo_position":"above","related_issue":[550330],"teaser":"","voice_url":""},"yoast_head":"\nReal estate player Seqoon secures USD 500k in pre-seed round + B2B services marketplace Unlock lands first round of funding - 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\/10\/24\/real-estate-player-seqoon-secures-usd-500k-in-pre-seed-round-b2b-services-marketplace-unlock-lands-first-round-of-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Real estate player Seqoon secures USD 500k in pre-seed round + B2B services marketplace Unlock lands first round of funding\" \/>\n<meta property=\"og:description\" content=\"Two local startups \u2014 one in real estate, the other in B2B services \u2014 announced six-figure funding rounds yesterday. 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Partment helps people co-own second homes: Launched earlier this year by Nadim Nagui\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\/9\/412.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578148,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/18\/hospitality-logistics-startup-suplyd-bags-usd-1-6-mn-pre-seed-for-expansion\/","url_meta":{"origin":550338,"position":3},"title":"Hospitality logistics startup Suplyd bags USD 1.6 mn pre-seed for expansion","author":"enterpriseam admin","date":"18 December 2022","format":false,"excerpt":"Local hospitality supply-chain startup Suplyd has raised USD 1.6 mn in pre-seed funding, it said in a statement (pdf) Thursday. Participants in the round included Endure Capital, Seedstars, Camel Ventures, the International Cooperation Ministry\u2019s Falak Startups, Outlierz, Plus Ventures, Fort, Alex Angels, and other unnamed angel investors. Suplyd will use\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\/12\/357.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":549954,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/09\/glamera-lands-seed-funding-round\/","url_meta":{"origin":550338,"position":4},"title":"Glamera lands seed funding round","author":"enterpriseam admin","date":"9 October 2022","format":false,"excerpt":"Egypt-born B2B beauty startup Glamera secured a USD 1.3 mn seed funding round led by Riyadh AngelInvestors, with participation from Techstars Accelerator, Ithraa Capital, 100 Ventures, Silicon Valley Venture, Lucrative Ventures, and angel investors, according to a statement (pdf).Where the money\u2019s going: Glamera plans to use the investment to finance\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\/10\/158.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571169,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/egypt-based-blockchain-email-service-provider-pravica-raises-usd-500k-pre-seed-funding-round\/","url_meta":{"origin":550338,"position":5},"title":"Egypt-based blockchain email service provider Pravica raises USD 500k pre-seed funding round","author":"enterpriseam admin","date":"3 May 2020","format":false,"excerpt":"STARTUP WATCH- Egypt-based blockchain email service provider Pravica has raised a USD 500k pre-seed funding round led by 500 Startups, Magnitt reports. Modus Capital and Dyres Ventures also participated in the round. Pravica, which was originally named Dmails, plans to use the funding to grow its team and expand its\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/550338","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=550338"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/550338\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/550330"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/550339"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=550338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=550338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=550338"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=550338"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=550338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}