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Middle East Eyewear Retailer Eyewa Raises $21 Million, Plots Expansion

Middle East Eyewear Retailer Eyewa Raises $21 Million, Plots Expansion
businessoffashion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessoffashion.com Daily Mail and Mail on Sunday newspapers.

Saudi Arabia , United Arab Emirates , Al Buraymi , Middle East , Nuwa Capital , சவுதி அரேபியா , ஒன்றுபட்டது அரபு அமீரகங்கள் , அல் புரைமி , நடுத்தர கிழக்கு , நுவா மூலதனம் ,

eyewa closes $21 million Series B


eyewa closes $21 million Series B
UAE-based eyewa has closed its Series B funding round, raising $21 million. The round was co-led by Kingsway and Nuwa Capital, with participation from French Partners, Endeavor Catalyst, Derayah, Palm Drive, and Hardy Capital.
Founded in 2017 by Mehdi Oudghiri and Anass Boumediene, eyewa has grown to become the Middle East’s largest online eyewear retailer.
This investment will be used to support eyewa’s expansion plans, investing in its technology and product teams as well as investing in its retail and omnichannel strategy.
This $21 million Series B funding round brings the total funding to date of eyewa to $30 million. Eyewa previously raised a $1.1 million seed round in 2018 led by EQ2 Ventures and a $7.5 million series A funding round in 2019 led by Wamda. ....

Al Buraymi , Khaled Talhouni , Mehdi Oudghiri , Nuwa Capital , French Partners , Endeavor Catalyst , Palm Drive , Anass Boumediene , Middle East , Hardy Capital , Middle Eastern , Managing Partner , அல் புரைமி , நுவா மூலதனம் , பிரஞ்சு கூட்டாளர்கள் , முயற்சி வினையூக்கி , பனை இயக்கி , நடுத்தர கிழக்கு , ஹார்டி மூலதனம் , நிர்வகித்தல் கூட்டாளர் ,

Dubai online eyewear retailer eyewa raises $21m in funding


Start-ups in the Mena
region attracted a record $1 billion in funding last year, according to data platform Magnitt.
The value of the UAE’s retail e-commerce market rose by 53 per cent to a record $3.9bn in 2020, largely driven by the digital shift in consumer shopping habits amid the Covid-19 pandemic, according to a report by Dubai Chamber of Commerce and Industry.
The Series B funding round, which was
led by Kingsway and venture capital firm Nuwa Capital, with participation from French Partners, Endeavor Catalyst, Derayah, Palm Drive and Hardy Capital, will support the company s
expansion plans, its retail and omni-channel platforms and allow it to further invest ....

United Arab Emirates , Al Buraymi , Saudi Arabia , Khaled Talhouni , Mehdi Oudghiri , Dubai Chamber , Anass Boumediene , Nuwa Capital , French Partners , Endeavor Catalyst , Palm Drive , Hardy Capital , Middle East , Deepthi Nair , ஒன்றுபட்டது அரபு அமீரகங்கள் , அல் புரைமி , சவுதி அரேபியா , துபாய் அறை , நுவா மூலதனம் , பிரஞ்சு கூட்டாளர்கள் , முயற்சி வினையூக்கி , பனை இயக்கி , ஹார்டி மூலதனம் , நடுத்தர கிழக்கு , தீப்தி நாயர் ,