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Insights
Maalexi raises $3 million in pre-Series A led by Global Ventures
By
Wamda Capital © Maalexi
Monday, 8 January 2024
Maalexi, the UAE-based dynamic risk management platform for SME agri-businesses, announces the completion of a $3 million pre-Series A fund raise.
The funding round was led exclusively by Global Ventures, MENA’s leading venture capital firm, which joins existing venture capital investors Rockstart (Amsterdam) and Ankurit Capital (New Delhi).
The proceeds will be deployed by Maalexi for: (i) tech development—to enhance its full-stack platform to help SME agri-buyers procure faster, cheaper, and safer from globally placed SME sellers; and (ii) drive customer acquisition—specifically more buyers in the UAE and Saudi Arabia and to add sellers from 50+ origin countries.
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