Kemitt, an e-commerce startup headquartered in Egypt, has secured an undisclosed six-figure amount in funding from a group of Saudi Angel investors.

Founded in 2018, Kemitt is a marketplace that enables product and furniture designers to connect with their end customers.  Kemitt provides an online platform to product designers and gives them the tools they need to sell their uniquely designed furniture pieces and increase their overall revenue by reaching new online customers.

The funding will be used to support Kemitt’s expansion and operational growth plans; as well as helping the company further develop its tech, and enter new markets in the region, starting with Saudi Arabia. 

“We are very excited about the opportunity that this investment gives us, it will enable us to scale up our operations and expand to new markets. We invest in tech to drive growth, and we have prioritized solving logistical pain points to ensure a smooth journey from the factory to the customer’s home.”

“We believe that digitizing the furniture industry in the region is crucial for the local economy. After all, our goal is to put Kemitt as a first choice when you consider furniture shopping, ” Mahmoud Fouad, co-founder, and CEO of Kemitt said.

According to a report by Partech Partners, 86 venture capital equity deals were completed by tech startups in Egypt in 2020. No other African country had as many deals. In 2021, it’ll be interesting to see whether Egypt retains its position as the African country with the most equity deals.

Read this next

In 2019, when Opera introduced OList it was with a rather silent launch. Compared to other product lines like Opay or Oride, there was no press release announcing the launch of OList, just a mention in its financial statement.  OList is a marketplace that connects buyers and sellers to opportunities. It’s part of Opera’s strategy […]

More From TC
osinbajo_paystack

One landmark acquisition, several funding rounds and meaningful expansions have drawn attention to Nigeria’s potential to become an enabling environment for businesses. Nigerian tech startups are raising larger seed rounds and pursuing unique global ambitions than at any other time in the last decade. But in the last 18 months, major regulatory events that ended […]

According to a World Health Organisation (WHO) study, if a person inhales smoke while cooking breakfast, lunch and dinner, it is equivalent to smoking between three and 20 packets of cigarettes a day. Over half of the world’s population still cooks over open fires. In Nigeria, it’s worse as only 10 million have access to […]

My Life In Tech is telling the stories of Africans making a difference in the world of tech. At the end of our conversation, I learned two things about the man. He wants more people to have access to financial services regardless of what form of financing they currently have.  And he really loves to […]


TechCabal is a Big Cabal Media brand



Copyright © 2013 - 2021
All rights reserved

Privacy & Terms
X