Amazon.com Inc.

NASDAQ:AMZN   12:21:06 PM EDT
2,831.80
+39.05 (+1.40%)
Debt Financing / Related, Equity Investments, Regulatory

E-Commerce Aggregator Opontia Raises $42 Mln Series A Investment

Published: 12/08/2021 11:42 GMT
Amazon.com Inc. (AMZN) - Opontia Announced It Has Raised $42m.
The Series a Investment Round is a Mix of Equity and Venture Debt Financing.
Stv, the Largest Venture Capital Fund in the Middle East and North Africa, is the Lead Equity Investor .
Solidifying the Robust Growth Potential of Opontia is the Venture Debt Raising, Which Comprises Just Over 50% of the $42m Series a Round.
Opontia Will Use the Funds to Acquire Exceptional E-commerce Brands and to Invest in a Team of Experienced E-commerce Experts in Central and Eastern Europe, the Middle East and Africa Who Will Be Responsible for Managing and Growing Brands After Acquisition.company Has Already Recruited a Top-tier Team With Notable Experience From Amazon, Noon, Mckinsey, Uber Eats and Namshi.
((reuters.
Briefs@thomsonreuters.
Com;)).