New Investments
Moroccan Eyewear Startup LNKO Secures Investment from Beltone Venture Capital for African Expansion
LNKO, a rapidly growing direct-to-consumer (D2C) eyewear brand, has secured a strategic equity investment from Beltone Venture Capital to drive its expansion across Africa.
The investment marks a significant milestone for the Moroccan-based company, which has gained a strong foothold in the eyewear market within just four years.
The startup, known for its stylish and affordable eyewear, leverages a fully digitized supply chain to serve a broad customer base.
Since raising $335,000 in 2021, LNKO has grown to serve over 100,000 customers, established 10 retail locations across Morocco, and built a robust online presence spanning 24 countries.
Beltone Venture Capital views this investment as a strategic move in its broader efforts to support high-potential businesses across Africa.
Ali Mokhtar, CEO of Beltone Venture Capital, underscored LNKO’s impressive growth and innovative business model, stating that the company aligns with Beltone’s commitment to backing transformative ventures in the region.
LNKO’s CEO and Founder, Maha Bennani, expressed enthusiasm about the partnership, emphasizing Beltone’s expertise in scaling D2C businesses.
With this investment, LNKO aims to accelerate its expansion and make high-quality, stylish eyewear accessible to more consumers across the continent.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like…
Egypt’s Lucky Raises $23 Million Series B to Scale Digital Credit and Expand Across North Africa
Egyptian fintech startup Lucky has secured $23 million in fresh funding as it accelerates its push to expand credit services and enter new markets across North Africa.
Ventures Platform Raises $64 Million in First Close of $75 Million Pan-African Fund II
African seed-stage investor Ventures Platform has announced that the first close of its second institutional vehicle, VP Pan‑African Fund II, has reached US $64 million, with a target of reaching US $75 million at final close.
Nigerian health-tech startup Clafiya raises $610,000 to reimagine healthcare service delivery in Africa
The funding round attracted participation from Norrsken Accelerator, Acquired Wisdom Fund (AWF), Hustle Fund, Voltron Capital, Microtraction, Ajim Capital, HoaQ, Bold Angel Fund, Shivdasani Family and other angel investors.