# Capiter

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/capiter

- Industry: Financial Services
- Headquarters: Cairo, Egypt
- Website: www.capiter.net
- Total disclosed funding: $33M
- Latest round: Series A (Sep 13, 2021)
- Investors on record: 7

## About

Capiter, LLC is a Cairo-based company that offers a comprehensive platform for e-commerce and logistics solutions, facilitating a streamlined supply chain for businesses across Egypt and the Middle East.Founded in 2019 in Cairo, Egypt, Capiter, LLC provides e-commerce solutions that optimize the supply chain for retailers and wholesalers. The company was co-founded by Ahmed Nouh, who has a background in building technology-driven startups. Capiter raised USD 33 mn in Series A funding in September 2021, led by MSA Capital and Quona Capital, with participation from several other investors. This funding round represents the total amount raised by the company thus far, highlighting its successful investment journey.Capiter, LLC provides a robust platform that connects retailers with suppliers to streamline purchasing and logistics processes in Egypt. Their services enable businesses to manage inventory, track orders, and facilitate payments efficiently, catering primarily to local merchants aiming to enhance their operational capabilities.Capiter, LLC generates revenue through a commission-based model, earning a percentage of each transaction made on its platform. This model allows for scalability as transaction volumes increase, supporting the growth of both the company and its users within the rapidly expanding e-commerce landscape of the region.Following the recent funding round in September 2021, Capiter, LLC plans to utilize the USD 33 mn raised to expand its service offerings across Egypt and into the broader Middle East region by the end of 2022. The company is also focused on developing new features to enhance its platform, aiming to capture a larger market share and improve user experience.

## Funding rounds

- Series A, Sep 13, 2021, $33M — Savola Group, Accion, MSA Capital, Quona Capital, Shorooq Partners, Derayah Ventures, Foundation Ventures
- Seed, Oct 14, 2020 — Shorooq Partners, Foundation Ventures

## Investors

- Shorooq Partners (https://capitalatlas.ai/funds/shorooq-partners) — Seed, Series A
- Foundation Ventures (https://capitalatlas.ai/funds/foundation-ventures) — Seed, Series A
- Savola Group — Series A
- Accion (https://capitalatlas.ai/funds/accion) — Series A
- MSA Capital (https://capitalatlas.ai/funds/msa-capital) — Series A
- Quona Capital (https://capitalatlas.ai/funds/quona-capital) — Series A
- Derayah Ventures (https://capitalatlas.ai/funds/derayah-ventures) — Series A