MaxAB’s Series A investment was led by RMBV Impact and saw participation from, among others, the IFC, Flourish Ventures (a US based VC fund founded by eBay’s founder Pierre Omidyar), Crystal Stream and Endeavour Catalyst and brings the company’s total equity investments to date to approx. US$46 million.
MaxAB is a B2B e-commerce marketplace that connects food and grocery retailers to suppliers. Store owners can use the platform to purchase goods, request delivery or logistics to move the goods, and access a customer support team. Unlike most technology platforms, MaxAB operates their own warehouses and fleet. With the capital raised, the company will expand its physical footprint across the Middle East and North Africa.
The Van Campen Liem included Saman Sadeghi, Tom Mitchell, Ilona van den Bergh, Philip van Rossem and Maarten Duijnker.
Van Campen Liem acted as legal and tax counsel for Halan’s major investors, led by Algebra Ventures, while Willkie Farr acted for Halan Inc. and White & Case advised MNT Investments B.V.
The combined entity, MNT-Halan – both co-founded by Mounir Nakhla – is positioning itself as Egypt’s first “super app” that will combine a host of services, including e-payments, microfinance, delivery and ride-hailing services.
The Van Campen Liem team included Saman Sadeghi, Tom Mitchell and Robin de Meester.
For more information, please visit one of the following links:
https://enterprise.press/stories/2021/06/24/egypt-gets-its-own-super-app-45823/ OR https://www.reuters.com/business/egypt-eyes-surge-fintech-investment-after-new-laws-2021-06-22/