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MaxAB extends Series A to $55m and acquires WaystoCap to expand to Morocco

Outlierz Venture portfolio company MaxAB, a B2B m-commerce platform that digitize FMCG suply-chain for small grocery retailers in Egypt, has raised an additional $15M from existing investors bringing its total Series A funding to $55M, the largest ever by an Egyptian startup. 

In addition, MaxAB acquired WaystoCap, another Outlierz Ventures' portfolio company, based in Morocco and operating a similar model for the Moroccan market. This regional consolidation will enable MaxAB to penetrate a new market and kick start its regional expansion. We at Outlierz Ventures are excited to join forces with both our portfolio companies for this new step and to continue supporting them to becoming a regional category leader.

 

Read more here: https://techcabal.com/2021/08/25/maxab-extends-series-a-to-55m-largest-ever-by-an-egyptian-startup/

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