Africa Angel Investors Network

Funding Tracker    


MaxAB

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E-commerce marketplace that connects informal food and grocery retailers with suppliers via an easy-to-use app


Location: Egypt
Website: https://www.maxab.io/
Sector: Retail
Funding Stage: Seed, Series A, Series A, Pre-Series B,
Total Funding ($m): 101.2
# of Founders: 2
Founding Year: 2018
Funding Year: 2022
YearAmountStageInvestors
2019$6.2mSeedBeco Capital, 4DX Ventures, Endure Capital, 500 Global, Outlierz Ventures
2021$40mSeries ARMBV, IFC, Flourish Ventures, Crystal Stream Capital, Rise Capital, Endeavor, BECO Capital, 4DX Ventures
2021$15mSeries ARMBV, IFC, Flourish Ventures, Crystal Stream Capital, Rise Capital, Endeavor, BECO Capital, 4DX Ventures, Axian Group
2022$40mPre-Series BSilver Lake, British International Investment (ex CDC), DisruptAD,BECO Capital, 4DX Ventures, Flourish Ventures, Africa Platform Capital
Belal EL-Megharbel, Mohamed Ben Halim, ,
Seed $6.2m
Beco Capital, 4DX Ventures, Endure Capital, 500 Global, Outlierz Ventures

Series A $40m
RMBV, IFC, Flourish Ventures, Crystal Stream Capital, Rise Capital, Endeavor, BECO Capital, 4DX Ventures

Series A $15m
RMBV, IFC, Flourish Ventures, Crystal Stream Capital, Rise Capital, Endeavor, BECO Capital, 4DX Ventures, Axian Group

Pre-Series B $40m
Silver Lake, British International Investment (ex CDC), DisruptAD,BECO Capital, 4DX Ventures, Flourish Ventures, Africa Platform Capital


News

https://www.wamda.com/2022/10/maxab-closes-40-million-pre-series-b-round