Egyptian Ecommerce Startup, Fatura, secures $3mn pre-series A investment round

 Egyptian B2B marketplace Fatura announced closing a $3 million pre-series A funding round, the company said in a press release.

The round was co-led by Sawari Ventures and Arzan VC, with the participation of Egypt Ventures, EFG-EV, The Cairo Angels as well as Khwarizmi Ventures.

Read also: Egypt’s fashion e-commerce startup, Dress Code, lands $250k from Egypt Ventures

The company will use the funds to extend its activities to provide further services to manufacturers, wholesalers, and retailers in the B2B sector.

Fatura’s first funding round in July 2020 saw the startup raise $1 million in a round led by Disruptech.

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What You Need To Know About Fatura

Launched in 2019, Fatura is a mobile application that connects wholesalers & manufacturers with retailers in different industries. The start-up has been operating in the FMCG industry and it is currently piloting in other industries.

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