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Thursday, 14 January 2021

Runway ready

Opio, an Egyptian women’s wear startup, raised a USD 300k seed investment from AUC Angels and unnamed angel investors, as well as follow-on funding from accelerator Flat6Labs Cairo, according to a press release (pdf). The statement does not specify how the company plans to use the funding, but does note that Opio is looking to set up shop in the GCC. Opio was founded in 2017 and “commissions white label and toll manufacturing women’s wear apparel to different manufacturers” to sell at lower prices to its customers through its website.

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