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Monday, 29 August 2022

SaaS startup Zeew to up headcount following USD 630k seed round

Egypt-headquartered SaaS startup Zeew secured USD 630k in a seed round led by Plug and Play Ventures, Poland Prize and a number of angel investors, founder and CEO Mohamed Ghaith (LinkedIn) told Enterprise, confirming news first reported by Wamda.

About Zeew: Founded by Ghaith in 2017, Zeew’s software helps companies in sectors like F&B, pharma, and logistics to launch their own on-demand delivery businesses. The round brings the startup’s funding total to USD 1 mn to date.

The company will use the funding to increase its headcount: “Currently our systems are being used in 100 countries and with the funding we plan to grow our team, technology and customer base,” Ghaith told Enterprise.

OTHER STARTUP NEWS- Local social commerce platform Sharwa has launched its mobile app after recently closing a funding round, it said in a statement yesterday. The Cairo-based startup announced this month that it had raised USD 2 mn in a pre-seed round co-led by Nuwa Capital and Hambro Perks’ Oryx Fund.

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