{"id":628371,"date":"2018-05-02T04:18:50","date_gmt":"2018-05-02T04:18:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/02\/gown-rental-platform-la-reina-raises-usd-1-mn-in-in-funding-round\/"},"modified":"2018-05-02T04:18:50","modified_gmt":"2018-05-02T04:18:50","slug":"gown-rental-platform-la-reina-raises-usd-1-mn-in-in-funding-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/02\/gown-rental-platform-la-reina-raises-usd-1-mn-in-in-funding-round\/","title":{"rendered":"Gown rental platform La Reina raises USD 1 mn in in funding round"},"content":{"rendered":"

INVESTMENT WATCH- Gown rental platform La Reina raises USD 1 mn in funding round: <\/strong>Online gown rental platform La Reina announced on Monday (pdf)<\/a> raising USD 1 mn in Series A funding, in a round led by Egypt\u2019s Algebra Capital Ventures, alongside global venture capital fund 500 Startups. The platform, which allows women to rent evening gowns and wedding dresses from each other, is looking to allocate the funds to expanding its operations, by growing its available collection of dresses to 5,000 pieces by next January, as well as its team. \u201cLa Reina is leveraging shifts in consumer behavior driven by technology, and that excites us,\u201d Algebra Ventures Managing Director Ziad Mokhtar said. Similar ideas have succeeded in the US, according to 500 Startups Partner Sharif El-Badawi, who said that \u201cLa Reina adapted their strategy and business model around the local nuances and needs on both sides of the marketplace.\u201d The company has helped dress owners earn around EGP 3.5 mn since the company was founded in 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- Gown rental platform La Reina raises USD 1 mn in funding round: Online gown rental platform La Reina announced on Monday (pdf) raising USD 1 mn in Series A funding, in a round led by Egypt\u2019s Algebra Capital Ventures, alongside global venture capital fund 500 Startups. The platform, which allows women to rent […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-628371","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"b5bc95d8-babb-4a6b-8de6-d1aade0c759a","order":"0","is_powered_by":true,"section_story_id":"8ed63599-9766-42f7-9186-e4d25657568d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628355],"teaser":"","voice_url":""},"yoast_head":"\nGown rental platform La Reina raises USD 1 mn in in funding 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\/2018\/05\/02\/gown-rental-platform-la-reina-raises-usd-1-mn-in-in-funding-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gown rental platform La Reina raises USD 1 mn in in funding round\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Gown rental platform La Reina raises USD 1 mn in funding round: Online gown rental platform La Reina announced on Monday (pdf) raising USD 1 mn in Series A funding, in a round led by Egypt\u2019s Algebra Capital Ventures, alongside global venture capital fund 500 Startups. The platform, which allows women to rent […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/02\/gown-rental-platform-la-reina-raises-usd-1-mn-in-in-funding-round\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-02T04:18:50+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/02\/gown-rental-platform-la-reina-raises-usd-1-mn-in-in-funding-round\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/02\/gown-rental-platform-la-reina-raises-usd-1-mn-in-in-funding-round\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Gown rental platform La Reina raises USD 1 mn in in funding round\",\"datePublished\":\"2018-05-02T04:18:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/02\/gown-rental-platform-la-reina-raises-usd-1-mn-in-in-funding-round\/\"},\"wordCount\":174,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/02\/gown-rental-platform-la-reina-raises-usd-1-mn-in-in-funding-round\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/02\/gown-rental-platform-la-reina-raises-usd-1-mn-in-in-funding-round\/\",\"name\":\"Gown rental platform La Reina raises USD 1 mn in in funding round - 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