Nifty Souq, UAE’s NFT marketplace, raised $1.5m in a seed funding round

Nifty Souq, UAE’s NFT marketplace, raised $1.5m in a seed funding round

NIFTY Souq, an NFT marketplace, raised $1.5 million in a seed funding round as they look to expand their NFT platform. The investors in this round, include Palm Ventures, Falak Investment Hub, and Fitzy Fund alongside angel investors from the UAE, KSA, and the United States of America.

The startup will use the capital raised in this round on tech updates and the platform’s expansion.

“We are thrilled with this investment which enables NIFTY Souq to further enhance and improve what is already the MENA region’s leading NFT Marketplace. This fund is a vote of confidence from our investors in our vision and gives us the resources to deliver on our roadmap,” Talal Afghani, NIFTY Souq’s Co-founder, said.

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