{"id":553567,"date":"2021-12-08T03:53:24","date_gmt":"2021-12-08T03:53:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/waffarx-closes-multi-mn-financing-round-from-silicon-valley-vc-firm\/"},"modified":"2021-12-08T03:53:24","modified_gmt":"2021-12-08T03:53:24","slug":"waffarx-closes-multi-mn-financing-round-from-silicon-valley-vc-firm","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/waffarx-closes-multi-mn-financing-round-from-silicon-valley-vc-firm\/","title":{"rendered":"WaffarX closes multi-mn financing round from Silicon Valley VC firm"},"content":{"rendered":"

<\/a> Cashback services startup WaffarX closed a multi-mn USD funding round from<\/strong> Silicon Valley VC firm Lobby Capital<\/strong>, Wamda<\/a> reported, marking Lobby\u2019s inaugural investment in the MENA region. WaffarX plans to use the funds raised to expand its platform and user base, and enter new markets in the MENA region. WaffarX has previously raised three funding rounds, with tech investor A15 leading their latest round with USD 230k, according to Crunchbase<\/a>.<\/p>\n

What does WaffarX do? <\/strong>The cashback aggregator, which was established in 2018, connects users with coupons, promos, and cashback rewards for its merchant partners, which include e-commerce giants Jumia, Amazon and Noon.<\/p>\n

About Lobby Capital:<\/strong> The Silicon Valley VC firm was an early investor in the US cashback firm Ebates, which was sold to Japanese company Rakuten in 2014 in what was Japan\u2019s largest e-commerce exit at the time.<\/p>\n

Advisors:<\/strong> Venture by Shahid represented Lobby Capital on the investment<\/sup>.<\/p>\n

ALSO FROM PLANET STARTUP- Cleantech startup Plstka has raised an undislcosed amount of capital <\/strong>from Alexandria Angels Network and a matching fund from <\/strong>Hivos<\/a><\/strong>, according to Wamda<\/a>. The waste management gamification app, which launched this year, exchanges solid waste with rewards and coupons in food and beverage services, medical facilities and transportation for consumers. It also provides in-app competitions to help raise awareness about waste management. The startup focuses on the Delta region, with a target of acquiring 1.5k tonnes of waste.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cashback services startup WaffarX closed a multi-mn USD funding round from Silicon Valley VC firm Lobby Capital, Wamda reported, marking Lobby\u2019s inaugural investment in the MENA region. WaffarX plans to use the funds raised to expand its platform and user base, and enter new markets in the MENA region. WaffarX has previously raised three funding […]<\/p>\n","protected":false},"author":1,"featured_media":553568,"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":[72,125,95,123,452],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-553567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam","tag-investment-watch","tag-startup-watch","tag-startups","tag-waste-management","wpautop","entry"],"acf":{"mongo_id":"b856bb3a-8978-43f0-9db7-26285154572a","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/12\/257.jpg","photo_position":"above","related_issue":[553555],"teaser":"","voice_url":""},"yoast_head":"\nWaffarX closes multi-mn financing round from Silicon Valley VC firm - 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\/2021\/12\/08\/waffarx-closes-multi-mn-financing-round-from-silicon-valley-vc-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WaffarX closes multi-mn financing round from Silicon Valley VC firm\" \/>\n<meta property=\"og:description\" content=\"Cashback services startup WaffarX closed a multi-mn USD funding round from Silicon Valley VC firm Lobby Capital, Wamda reported, marking Lobby\u2019s inaugural investment in the MENA region. 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Johnson spent nine years at the helm of e-commerce firm Ebates, which was sold to Rakuten in 2014 for US 1 bn, and also served as CEO of online learning platform Udemy.\u2026","rel":"","context":"In "Moves"","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":614266,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/30\/logistics-startup-roboost-closes-usd-3-mn-investment-round\/","url_meta":{"origin":553567,"position":2},"title":"Logistics startup Roboost closes USD 3 mn investment round","author":"enterpriseam admin","date":"30 January 2024","format":false,"excerpt":"Roboost will use the funds to expand across the MENA region","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\/2024\/1\/2428.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577415,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/22\/local-pharma-startup-closes-usd-8-mn-round-klivvr-gets-cbe-nod\/","url_meta":{"origin":553567,"position":3},"title":"Local pharma startup closes USD 8 mn round + Klivvr gets CBE nod","author":"enterpriseam admin","date":"22 November 2022","format":false,"excerpt":"Local B2B pharma platform Grinta has closed a USD 8 mn seed round led by MENA-focused VC Raed Ventures and local fintech fund Nclude, with participation from Endeavor Catalyst and 500 Global, it said in a press release (pdf) yesterday. The capital raised will help the company expand locally, growing\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\/11\/338.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":645643,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/26\/us-vc-outfit-invests-usd-200k-in-egyptian-online-food-delivery-platform-mumm\/","url_meta":{"origin":553567,"position":4},"title":"US VC outfit invests USD 200k in Egyptian online food delivery platform Mumm","author":"enterpriseam admin","date":"26 July 2017","format":false,"excerpt":"INVESTMENT WATCH- Silicon Valley-based VC fund 500 Startups invested USD 200k in Egyptian online food delivery platform Mumm, Al Mal said on Tuesday. Mumm is an online portal that sells home-cooked meals prepared by local housewives and refugees. Mumm aside, 500 Startups picked eight other MENA-based startups to invest in\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":[]},{"id":630552,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/24\/swvl-sees-the-largest-funding-round-in-egypt-tech-startup-history\/","url_meta":{"origin":553567,"position":5},"title":"Swvl sees the largest funding round in Egypt tech startup history","author":"enterpriseam admin","date":"24 April 2018","format":false,"excerpt":"INVESTMENT WATCH- Swvl closes the largest funding round in Egypt tech startup history: Mass transit ride-hailing app Swvl received USD 8 mn in Series A funding, the company said in a statement on Monday (pdf). The funding is led by regional venture fund BECO Capital, alongside Africa-based investor DiGAME, global\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\/2018\/4\/1706.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\/553567","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=553567"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/553567\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/553555"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/553568"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=553567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=553567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=553567"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=553567"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=553567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}