Participated · Equity · Jan 2025

Ranger Labs runs Ranger Finance, the first dedicated perpetuals aggregator on the Solana blockchain. The product steers user orders through more than fifteen liquidity venues, aiming to minimize slippage and curb MEV leakage. It has already processed over $1 billion in cumulative trading volume, signaling substantial early adoption. By unifying fragmented perpetual markets, Ranger positions itself as core trading infrastructure for advanced crypto participants. The company plans to launch its native RNGR token via a large-scale public sale on MetaDAO in January 2026, allocating 10 million tokens (39.02 % of total supply) to the event. A built-in “buy-wall” will use any funds raised above the $6 million minimum to repurchase RNGR at the sale price, targeting price stability. Proceeds are expected to deepen liquidity, expand venue integrations, and accelerate product development. Aside from the $1 billion volume figure, no additional revenue or user metrics were disclosed.

Participated · Series B · Aug 2022

Homzmart is an Egyptian online furniture marketplace that aggregates products from local manufacturers, companies, and artisans. The company reports more than 45,000 products in its inventory and says it provides over 150,000 exclusive products to more than 25 million households in Egypt and Saudi Arabia. In 2021 the business grew by 300% year over year. Homzmart plans to use new funding to streamline the furniture-purchase value chain, extend its regional reach, introduce interior design automation technology, expand digital showrooms across MENA, and improve logistics. The company emphasizes empowering local Saudi furniture manufacturing in line with Saudi Vision 2030 and aims to digitalize the entire home value chain. CEO Mahmoud Ibrahim said the firm will continue to invest in healthy expansion given the current macroeconomic climate. Homzmart operates an online marketplace that aggregates designs, prices and product details from thousands of furniture and home-goods merchants, offering flexible consumer financing and AI-driven content and decision tools. The platform showcases more than 55,000 products and says it grew 30x in sales over the past 12 months. Homzmart addresses high distribution costs for retailers by providing access to consumers and is building logistics capabilities to move large items from merchants to buyers. The company launched in Q1 2020 after being founded in 2019 and has strategically placed operations near Damietta City to streamline access to a major regional furniture manufacturing hub. Management plans to use a sizable tranche of the new funding to bolster logistics and institutional infrastructure to support rapid growth. Homzmart is positioning itself to expand across the MENA region and tap into an $80 billion industry where roughly 14 million regional consumers search online for furniture each month. Homzmart is an Egypt-based online furniture marketplace that connects furniture manufacturers and vendors with customers. The company was founded last year by Mahmoud Ibrahim and Ibrahim Mohamed, who previously built operations and logistics teams at Jumia; Mahmoud later served as MD and COO at Daraz. Homzmart says about 25 million people in the MENA region search for home furnishing every month and that relatively few manufacturers are online, which motivated the marketplace. The platform lists about 10,000 products and has over 2,500 customers ordering on it. Homzmart plans to use the seed investment to scale its technology, enhance customer experience and expand the team. The round is described in coverage as the largest seed fundraised by an Egyptian startup.

Participated · Series D · Dec 2021

Facily leverages an asset-light community group-buying model, a logistics network and a technology platform to offer low-cost products to consumers. Founded in 2018, the company connects groups of buyers to obtain lower prices and now operates in nine Brazilian states. Facily reports more than 7 million active users and ranks among the fastest-growing shopping apps according to App Annie. The company positions itself to reduce barriers to traditional e-commerce and expand inclusion for households that spend a large share of income on food (the articles cite ~85% of Brazilians spending about 65% of family income on food). With the new funding, Facily plans to continue investing in technology and logistics to scale its model across Brazil and Latin America. Financially, the company reached unicorn status with the latest extension and has raised more than US$500 million over the past 12 months. Facily credits its rapid growth to disrupting supply chains via social commerce and a focus on delivering the lowest prices to customers. Facily is a social‑commerce marketplace that uses a gamified app and group‑purchase model to connect low‑income Brazilian consumers with cheaper products while paying producers more. It provides pickup points, multiple payment options (including cash and bank transfer) and no shipping charges to reach largely unbanked or underbanked users. The company says sales volumes grew 43x from January to September and delivered more than 7 million items in October, though it declined to disclose revenue figures, reporting "exponential monthly growth." Facily credits an asset‑light business model and logistics network for its rapid expansion. It plans to use recent capital to accelerate national expansion, attract new sellers, invest in technology and logistics intelligence, and enhance customer experience. The startup says its app is one of the top three most downloaded in Brazil and the fastest‑growing e‑commerce food app globally (per App Annie).

Participated · Equity · Dec 2021

Kueski offers BNPL (Kueski Pay), personal loans (Kueski Cash) and interest-free earned wage advances (Kueski Up), using AI and machine learning on contextual and behavioral data to underwrite customers. The company says its dataset of six million unique applicants creates a data network effect to better predict repayment ability. Kueski declined to disclose hard revenue figures but the CEO expects the business will soon achieve $100M+ in ARR and reports strong recent product growth (Kueski Pay saw 210x GMV growth Nov 2020–Nov 2021; Cash grew 320% in the same period). Since 2012 Kueski has granted nearly 5 million loans online and has grown headcount to nearly 500 employees, planning to reach almost 1,000 by end of 2022. The firm has integrated thousands of merchants (including Walmart, Steve Madden and Sally Beauty) and plans to launch BNPL in brick-and-mortar stores and consumer apps on Google Play and the Apple App Store. Kueski says it will use the new capital to expand its BNPL footprint in Mexico, build new products for Mexican consumers and eventually expand to other Latin American countries. Kueski is an online lending company that offers real-time micro loans to Mexican consumers, using big data and machine learning to build credit-risk models and approve or reject applications in seconds. The company positions itself as the leading online lender for Mexico’s middle class and reports 7X+ annual growth since launch. Kueski says it has achieved better loss rates than a traditional credit card in Mexico. The firm plans to use new capital to accelerate portfolio growth, expand its team, and extend its brand presence throughout the region. Kueski was founded in 2012 and applies analytics to users’ credit history and digital footprint to underwrite loans.

Participated · Series A · Aug 2021

MaxAB operates a B2B e-commerce and distribution platform that connects suppliers with traditional grocery retailers across Egypt and Morocco. Since launching in 2018, it has connected suppliers with over 150,000 unique traditional retailers and delivered more than 2.5 million orders. The company focuses on groceries as its core product and has built an asset-heavy distribution operation. MaxAB has expanded into Morocco (now ~10% of its business) and plans to enter Saudi Arabia by the end of 2023. It has also developed fintech offerings for merchants, including a bill-aggregation product that has grown 5x in transaction value year-to-date and a newly launched working capital product. The company has raised multiple rounds (including a $55M Series A last year) and has raised over $100M in total; management says the recent raise was to accelerate opportunities rather than to address a cash shortfall. MaxAB operates a tech-enabled B2B e-commerce marketplace that lets store owners purchase goods, request delivery and logistics, and access customer support. The company was founded in 2018 by Belal El-Megharbel and Mohamed Ben Halim and until recently operated in Egypt. MaxAB plans to expand across the Middle East and North Africa, launch new product offerings and grow its team. Financially, the company completed a $40M Series A tranche and has taken a $15M Series A extension, bringing the total Series A to $55M. MaxAB announced the acquisition of Morocco-based WaystoCap (amount undisclosed) as its first step toward regional scale into the Maghreb. The combined platforms will serve more than 70,000 retailers; WaystoCap alone had grown to a network of over 8,000 Moroccan retailers and at one point processed over $3M in transactions per quarter. MaxAB operates a B2B e-commerce platform that manages procurement, delivery and logistics for traditional food and grocery retailers in Egypt; store owners can purchase goods, request delivery and access customer support through the app. The company owns and operates its own warehouses and fleet, buying and revamping warehouses and using internal technology to manage inventory flow. MaxAB says it services more than 55,000 merchants, delivers over 2,000 unique products and has grown staff to about 1,600 people. Founded in November 2018 and based in Cairo, the team has been launching into a new city roughly every month this year. The startup plans to expand its physical footprint across MENA, hire more talent, scale new supply-chain verticals and roll out embedded finance solutions to offer credit and capital financing via banking and non-banking partners. MaxAB reports improved unit economics during the COVID-19 pandemic as it consolidates its position in the market. MaxAB built a digital platform with apps for store owners, a logistics app for its delivery fleet, and a customer support app to manage procurement and delivery of grocery products. The company operates a large warehouse, a fleet of 60 trucks, and reports a staff of 270 and 9,000 retailers on its app. MaxAB generates revenue from margins on the buy-to-sell price of products and expects scale to improve margins toward profitability. Using the new funding, it plans to expand operations to several additional cities in Egypt and grow its tech team. The startup also aims to offer working-capital financing and data-analytics services to its retail clients. MaxAB was founded in 2018 and is led by CEO Belal El-Megharbel, who co-founded the company with Mohamed Ben Halim.