Back to the complete issue
Thursday, 28 November 2019

Egyptian indoor advertising platform Adzily raises USD 12.2 mn from Saudi company

STARTUP WATCH- Cairo-based indoor advertising platform Adzily has raised USD 12.2 mn in funding from Saudi-based Al Tharawat Private Investment Holding Company, marking the company’s first external investment round, CEO Ahmed Ashoor tells MenaBytes. The startup will use the investment to finance planned expansions to Saudi Arabia. Adzily allows businesses to reach their audience through display screens and to get audience insights digitally.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2020 Enterprise Ventures LLC.