LNKO, an e-commerce business focusing on stylish eyewear, has secured a 3 million Dirham ($335k) investment from CDG Invest. The winner of the 212Founders program’s second promotion can now enter the program’s acceleration phase thanks to this financing. This seed capital will help LNKO to advance from the seed phase to the acceleration phase, allowing the startup to accelerate its growth in the MENA region, beginning with the United Arab Emirates, a market that is ten times larger than the Moroccan market.
This phase will also contribute to the creation of clean technology tools, as well as an ambitious recruitment plan, as well as enhancing national and international e-commerce experience.
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LNKO has benefited from close support as part of the 212Founders initiative, which was established in 2019 by CDG Invest with the goal of helping in the establishment and growth of startups in Morocco.
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“We are happy to be a part of LNKO’s expansion. In a short amount of time, the startup was able to produce excellent results. It has become the first Moroccan site for the sale of online glasses in less than a year, with more than 10,000 clients, and we plan to support it in realizing its regional objectives with this funding,” Youssef Mamou, Director of the 212Founders program, said.
In addition to this investment, CDG Invest has previously made eight investments for the benefit of startups in the first promotion of the 212Founders program as part of its aim to support entrepreneurship and the upscaling of the Moroccan economy.
What You Need To Know About LNKO
Founded by Maha Bennani in 2020, LNKO is a D2C (direct-to-consumer) eyewear company that specializes in fashionable eyewear. The brand offers excellent glasses and glasses at 550 dhs ($62) by eliminating intermediaries from the sales channel.
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