- A Ventures increases its stake in Mrkoon from 20% to 28%, reinforcing its commitment with a new bridge round.
- Mrkoon, a digital marketplace for scrap and surplus, aims to expand into the GCC amid rising demand for supply chain digitization.
- Beyond capital, A Ventures provides strategic partnerships and market insights to help Mrkoon scale and disrupt a fragmented industry.
A Ventures
What is the deal? A Ventures announced that it has reinforced its commitment to Mrkoon. They did so by following up on its initial pre-seed investment with a new bridge round. Additionally, the firm increased its stake in Mrkoon from 20% to 28%.
Company Snapshot A Ventures is an investment and portfolio management firm founded by business tycoon Ayman Abbas. Ayman Abbas is an entrepreneur recognized for his contributions to Egypt’s entrepreneurial ecosystem, most notably as Chairman of A Ventures and an investor on Shark Tank Egypt.
A Ventures specializes in facilitating the growth of early stage, sector-agnostic startups in Egypt and the Middle East. The firm goes beyond funding by providing high-potential startups with mentorships and guidance.
Meanwhile, Mrkoon is a digital marketplace for scrap and surplus materials. Since launching, it has processed thousands of transaction aiding businesses to gain value from their surplus materials. Additionally, it has facilitated the trade of over 10,000 metric tons of scrap and surplus.
Mrkoon was founded by Mohamed Shalabi (CEO), Ahmed Mamdouh (COO), and Ahmed Amir (CTO). In eliminating the middlemen, the digital marketplace aims to ensure price transparency and streamline transactions. The integration of tech into a market that has been untouched by digital transformation is a huge opportunity to solve inefficiencies.
Regional Expansion
Investor Confidence
“Our decision to double down on our investment reflects our belief in the team’s execution, the market’s untapped potential, and the platform’s ability to scale beyond Egypt. With this additional funding, we’re not just backing a startup—we’re fueling a digital revolution in a multi-billion-dollar industry.”
said Sherif Ramadan, CEO of A Ventures
The support from A Ventures aligns with its strategy to disrupt fragmented industries by introducing structure and generating measurable impact. The firm believes that Mrkoon’s model optimizes supply chains and contributes to the circular economy by reducing waste and repurposing resources. In addition, A Venture’s confidence in Mrkoon growth comes from its view that there is potential to transform a fragmented industry.
What will they do with the support? With the additional support from A Ventures, Mrkoon aims to expand regionally with plans to enter the GCC. This comes amid an increasing demand for digitized supply chain solutions in the region.
Beyond Capital
“Their support extends far beyond capital—it’s about strategic partnerships, market insights, and a shared vision. With this new investment, we’re scaling faster, improving our technology, and expanding into new markets, starting with the GCC.” said Mohamed Shalabi, CEO of Mrkoon
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