New Investments
Egyptian E-Commerce Platform Taager Raises $6.75 Million Pre-Series B Funding to Drive Expansion
Egyptian social commerce platform Taager has successfully raised $6.75 million in a pre-Series B funding round to accelerate its growth within the Middle East and North Africa (MENA) region and enhance its technological capabilities.
Founded in December 2019, Taager operates as a social e-commerce marketplace, providing online sellers with a comprehensive suite of backend services.
Currently operating in Egypt, the United Arab Emirates (UAE), Saudi Arabia, and Iraq, Taager has served over 45,000 online sellers. With the latest investment, the company aims to expand its presence further in the region.
The funding round was led by Africa-focused tech growth fund Norrsken22 and attracted participation from Endeavor Catalyst and Beltone VC. Existing investors, including 4DX Ventures, RAED Ventures, BECO Capital, and Breyer Capital, also contributed to the oversubscribed round.
The fresh capital injection will enable Taager to refine its data insights and tools for social sellers, diversify its product offerings, and expand its workforce.
“Over the past five years, we have built the fundamentals of social commerce from the ground up. In the last two years, we have refined our business model to become more capital-efficient and scalable while improving core unit economics. Now, we are ready to scale rapidly, with a goal of growing fivefold in the coming years,” said Mohamed Elhorishy, co-founder and CEO of Taager.
Nivesh Pather, principal at Norrsken22, commended Taager’s impact on the MENA e-commerce landscape, highlighting the company’s role in equipping thousands of entrepreneurs with essential tools and infrastructure.
“This team has demonstrated remarkable success in expanding into multiple markets profitably, including Saudi Arabia. We are excited to support Mohamed and his team as they embark on their next phase of growth,” he said.
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