Earlier this week indoor advertising platform Adzily raised $12.2-million in funding from a Saudi investor in what’s likely the second biggest venture capital (VC) deal to have been announced involving an Egyptian startup in 2019.
The biggest VC deal announced so far this year involving an Egyptian startup is Swvl‘s whopping $42-million raise in June (see this story).
Other notable transactions include MaxAB‘s September $6.2-million seed round (see this story) and Almentor’s $4.5-million Series-A round (the startup’s founder and the VC that led the deal are both Egyptians, see this story).
Image: https://ventureburn.com
