What is Melltoo?
Melltoo operates as a peer-to-peer marketplace facilitating the secure buying and selling of new and used items across the UAE and KSA. The platform enhances the user experience by offering secure in-app chat, a money-back guarantee, and dedicated customer support. Additionally, Melltoo provides comprehensive door-to-door delivery services for both buyers and sellers, streamlining the logistics of online transactions and reinforcing its commitment to secure and convenient commerce.
How much funding has Melltoo raised?
Melltoo has raised a total of $1.2M across 2 funding rounds:
Angel/Seed
$205K
Debt
$1M
Angel/Seed (2015): $205K with participation from Dubai Silicon Oasis Authority, Womena, and Turn8
Debt (2017): $1M led by Dubai Silicon Oasis, Raed Ventures, Womena, Turn8, and Middle East Venture Partners
Key Investors in Melltoo
Dubai Silicon Oasis
Dubai Silicon Oasis Authority is a government-owned technology park established in 2004, fostering an integrated living and working community for technology enterprises in the region.
Raed Ventures
Raed Ventures is a venture capital firm focused on early-stage startups in the MENA region, providing funding and expertise to help entrepreneurs scale their businesses.
Womena
Womena is a media platform dedicated to inspiring change through storytelling, aiming to represent women accurately and foster feminist discourse through various content formats.
What's next for Melltoo?
The substantial enterprise-level funding Melltoo has garnered, particularly the recent strategic investment, positions the company for significant scaling and market expansion. This capital infusion is likely to fuel enhancements in platform technology, broader geographic reach within the Middle East, and potentially the development of new service verticals. The focus on strategic investment suggests a trajectory aimed at solidifying market leadership and optimizing operational efficiencies to meet growing consumer demand for secure and convenient online marketplaces.
See full Melltoo company page
