Africa Angel Investors Network

Funding Tracker                 


Cartona

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B2B marketplace empowering retailers by connecting them to hundreds of wholesalers, suppliers and producing companies.


Location: Egypt
Website: https://cartona.com/
Sector: Retail
Funding Stage: Pre-Series A, Series A, Series A extension, Debt,
Total Funding ($m): 24.6
# of Founders: 3
Founding Year: 2020
Funding Year: 2024
Status: Active
YearAmountStageInvestors
2021$4.5mPre-Series AGlobal Ventures, Kepple Africa Ventures, T5 Capital
2022$12mSeries ASilicon Badia, SANAD, Arab Bank Accelerator, Sunny Side Venture Partners, Global Ventures, Kepple Africa Ventures
2024$5.6mSeries A extensionAlgebra Ventures, Silicon Badia, SANAD
2024$2.5mDebtCamel Ventures, GlobalCorp
Mahmoud Talaat, Mahmoud Abdel-Fattah, Rafik Zaher,
Pre-Series A $4.5m
Global Ventures, Kepple Africa Ventures, T5 Capital

Series A $12m
Silicon Badia, SANAD, Arab Bank Accelerator, Sunny Side Venture Partners, Global Ventures, Kepple Africa Ventures

Series A extension $5.6m
Algebra Ventures, Silicon Badia, SANAD

Debt $2.5m
Camel Ventures, GlobalCorp


News
https://techcrunch.com/2024/07/30/egypts-cartona-raises-8-1m-even-as-investors-pull-back-from-b2b-e-commerce-in-africa/