Argineering raises USD 400k in follow-on investment
STARTUP WATCH- Argineering raises USD 400k in follow-on investment: Creative tech startup Argineering raised USD 400k in a follow-on investment round led by Silicon Valley based venture fund 500 Startups, with participation from Flat6Labs and angel investor Islam Mahdy, according to a company press release (pdf). The company, which was founded in 2018, is looking to use the funds for growth in European markets, research and development and team expansion.
Argineering, which won EGP 100k at the CIB-sponsored Hona Al Shabab startup competition on Hona Al Asema, focuses on bringing tech to the creative industry. The company’s RGKit gadget and accompanying app allows brands and designers to create dynamic, interactive visual displays. The RGKit has been used in displays at Ted Baker, Charles Tyrwhitt and London’s Science Museum.