# Elmawkaa

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

- Industry: Software
- Headquarters: Egypt
- Website: www.elmawkaa.com
- Total disclosed funding: $0.1M
- Latest round: Seed (Oct 17, 2021)
- Investors on record: 3

## About

Elmawkaa, Inc. operates as an online marketplace for construction materials, facilitating efficient access to essential building supplies for contractors and construction firms in the Middle East, particularly Egypt and Saudi Arabia.Founded in 2017 in Egypt, Elmawkaa, Inc. functions as an online marketplace connecting buyers and suppliers of construction materials. The company has raised USD 0.050 mn in Seed funding as part of its growth strategy, with its latest funding round completed on October 17, 2021. The founders, Ebrahem Anwar, Mahmoud Habib, and Mohamed Thabet, have a history of involvement in the tech and construction sectors. Elmawkaa has executed a total of 5 deals to date, with a current company valuation of USD 0.830 mn.Elmawkaa, Inc. operates an online marketplace where customers can procure a wide range of construction materials such as ready-mixed concrete, cement, steel reinforcement bars, bricks, and tiles. The platform addresses procurement challenges by allowing users to quickly obtain price quotes, compare offers, and place orders, serving over 11,000 contracting companies and more than 1,600 suppliers in regions like Saudi Arabia and Egypt.The revenue model of Elmawkaa, Inc. is based on facilitating transactions between suppliers and construction firms through a B2B marketplace. Clients request quotes for construction materials, benefiting from competitive pricing and efficient response times. The platform employs a subscription model for suppliers and a transaction-based approach for clients, ensuring a steady revenue stream through the volume of processed requests and orders.Elmawkaa, Inc. plans to utilize its recent funding from the Seed round to enhance its growth and expansion strategies, aiming to onboard 2,000 new suppliers and achieve 4,000 transactions with a Gross Merchandise Volume (GMV) of USD 2 mn. This will support the company's objectives to expand its market reach and improve its service offerings to construction professionals.

## Funding rounds

- Seed, Oct 17, 2021 — Flat6Labs, Oqal
- Seed, Dec 1, 2019, $0.1M — 500 Global

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Flat6Labs (https://capitalatlas.ai/funds/flat6labs) — Seed
- Oqal — Seed