Dubai-based e-commerce investment company Opontia has announced the completion of its Series A investment round.
The four largest e-commerce markets in Central and Eastern Europe and the Middle East and Africa (CEEMEA). in Poland, Turkey, Saudi Arabia and the United Arab Emirates Opontia Founder and Co-CEO Philip Johnston said they accelerated their operations with the offices they opened: “We are in the Series A investment round. $ 42 million investment we have it.
Our main investor was STV, the largest venture capital fund in the Middle East and Africa. Raed Ventures and Global Founders Capital (GFC), who had previously invested in Seeds in Opontia, became our investors again. In addition to these investments, we have also received investments in the form of debt capital from Partners for Growth (PFG).
Salla’s founder Salman Butt and McKinsey Poland President Wiktor Namysl were among our angel investors. Thanks to our financial solidity, we have put growth in new target markets on our agenda. “
20 MORE BRANDS TO BUY
Opontia founder and co-CEO Manfred Meyer, who commented on the new investment goals, said: “Thanks to our investments in various countries, we have grown to a team of 50 employees in 6 months. During this time we have bought 4 brands and signed preliminary contracts with 15 brands.
We plan to add at least 30 new brands and double our workforce over the next 6 months. We are also working to open offices in Egypt, Nigeria and Pakistan, “he said.
WILL SIGN NEW SUCCESS STORIES
Yaman Alp Ungan, General Manager of Opontia Turkey, said that their aim is to bring high potential entrepreneurs in the e-commerce sector to the world market in Turkey as well as around the world: assisting in opening up.
To set a good example of our added value for the e-commerce brands we invest in, we bought UAE-based medical device maker Novimed and increased its sales four times and its profits two times in a short period of time. We will have similar success stories in Turkey, “he said.