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37 Egypt’s Maxab closes $40 million Series A to fuel expansion of its B2B ecommerce platform

MENAbytes
Zubair Naeem Paracha @ MENAbytes 2 place · 07/05/2021 03:41 EDT

Egypt’s Maxab closes $40 million Series A to fuel expansion of its B2B ecommerce platform

Cairo-headquartered B2B ecommerce platform Maxab has closed $40 million in a Series A round led by RMBV, a North Africa-focused impact investor, it announced in a statement today. The deal also included participation of IFC, Flourish Ventures, Crystal Stream Capital, Rise Capital, Endeavour Catalyst, and Maxab’s existing investors Beco Capital and 4DX Ventures. The deal ...

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