10 years ago

Zoomaal Secures $330,000 Series A Funding

  • Zoomaal, a crowdfunding platform for the Arab region, has secured a $330,000 bridge round for a Series A, led by CairoAngels and joined by Hivos (a Dutch non-profit), and several other angel investors

  • The funds will be used for expansion, services, and market development

  • Zoomaal aims to support Arab creativity and allow it to reach global markets through crowdfunding projects, helping establish coworking spaces, and its acceleration program

  • The article also discusses the challenges faced by Zoomaal in securing this round and the lessons learned by the founder, Abdallah Absi.

      • ProblemTechnology

      "Many young people in the Arab world are unemployed, and they lack the resources to start their own businesses."

      Solution

      "Zoomaal provides a crowdfunding platform to help Arab creatives and entrepreneurs raise money and connect with global markets. They also offer coworking spaces and an acceleration program."

      Covered on