# Minly

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

- Industry: Internet
- Headquarters: Abu Dhabi, United Arab Emirates
- Website: www.minlyapp.com
- Total disclosed funding: $3.6M
- Latest round: Seed (Jun 27, 2021)
- Investors on record: 6

## About

Minly, based in the United Arab Emirates, operates a platform that allows users to create unique moments by interacting with various celebrities through live online events. These events provide fans with engaging experiences.Founded in 2020 in Abu Dhabi, United Arab Emirates, Minly enables fans to connect with celebrities through virtual experiences. The company has raised a total of USD 3.6 mn in funding, primarily through a SEED round in June 2021, involving investors such as 4DX Ventures and B&Y Venture Partners. The co-founders, Jaymin Panchal, Khaled Zaki, and Mohamed El-Shinnawy, have contributed their expertise to build a platform that serves users mostly in the Middle East and North Africa.Minly primarily offers a platform that enables users to create unique moments through interactions with various celebrities, including musicians, actors, athletes, and content creators. The company's core service revolves around live online events, such as concerts and special appearances, where fans can engage with their favorite stars in real time. Fans can purchase tickets for live performances or access recorded content on demand, with pricing starting at USD 14.99. The platform caters to a diverse client base, including individual consumers and businesses looking to leverage celebrity influence for promotional purposes.Minly generates revenue primarily through ticket sales for online events and on-demand content access. The transaction structure is direct-to-consumer, allowing fans to purchase tickets or access content directly through the Minly platform. Pricing varies based on the celebrity and type of event, ranging from individual performances at USD 14.99 to exclusive content featuring well-known personalities priced at several hundred dollars, such as USD 399.99 for high-profile actors. This structured pricing model helps attract a broad audience and facilitates diverse revenue streams.In June 2021, Minly Ltd raised USD 3.6 mn in SEED funding, which will be utilized to scale across the region and introduce an exciting suite of new products. The company plans to expand into additional markets beyond its current operations. Specific geographic regions targeted for expansion have not been detailed, but the funding is aimed at supporting a broader reach in the Middle East and North Africa.

## Funding rounds

- Seed, Jun 27, 2021, $3.6M — Valia Ventures, B&Y Venture Partners, 4DX Ventures, Golden Palm Investments Corporation, Global Ventures, Kepple Africa Ventures

## Investors

- Valia Ventures (https://capitalatlas.ai/funds/valia-ventures) — Seed
- B&Y Venture Partners (https://capitalatlas.ai/funds/b-y-venture-partners) — Seed
- 4DX Ventures (https://capitalatlas.ai/funds/4dx-ventures) — Seed
- Golden Palm Investments Corporation (https://capitalatlas.ai/funds/golden-palm-investments-corporation) — Seed
- Global Ventures (https://capitalatlas.ai/funds/global-ventures) — Seed
- Kepple Africa Ventures (https://capitalatlas.ai/funds/kepple-africa-ventures) — Seed