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Thursday, 21 July 2022

Outsourcing startup Stllr closes six-figure USD investment round

Egyptian outsourcing startup Stllr Network has closed a six-figure USD investment round from Silicon Valley VC 500 Global and angel investors through Women Spark and Falak Angels, it said in a statement (pdf). Investors from the Saudi Investment Ministry, ex-Microsoft and Oracle leaders, Accenture, Emkan and the Digital Cooperation Organization all took part in the round. Stllr is a Delaware-domiciled company.

Stllr allows businesses to outsource their marketing: Stllr has built a network of marketing professionals that provide a range of services — including SEO, media buying, copywriting and social media — for its clients. The company’s services are currently used in Egypt, Saudi Arabia and the UAE and it has hired talent from more than 12 countries, CEO Nouran Ghannam told us. The company recently completed the 2022 Sanabil 500 MENA Seed Accelerator Program, and is currently piloting its services with Saudi e-commerce player Zid, TikTok MENA, Hesas Misr and others.

Where the money’s going: “We plan to invest in acquiring the best Egyptian and Middle East talents, regional expansion across KSA and the GCC and partnering for enterprise to try out our premium add-ons,” Ghannam said.

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