Opontia was launched three months ago in March 2021 and is located in Riyadh and Dubai
Opontia, a Dubai and Riyadh-based startup that acquires and grows e-commerce brands has raised US$ 20mn in seed funding, one of the largest seed rounds in the Middle East and Africa region.
Opontia will use the funds to acquire exceptional e-commerce brands and to invest in a team of experienced e-commerce experts in the Middle East and Africa who will be responsible for managing and growing brands after acquisition.
“We enable entrepreneurs to sell their brand and we take care of the daily operations. Many sellers tell us that this frees up time to enable them to start their next venture or take a hard earned break,” remarked Philip Johnston CEO, Opontia.
“The business model will work here because there have been so many amazing entrepreneurs in the Middle East coming up over the last few years,” commented Manfred Meyer co-CEO, Opontia.
Opontia currently operates in Dubai and Riyadh, with plans to open offices in Istanbul, Cairo, and Lagos in the coming months.
