Opontia

Last updated
Opontia
FoundedFebruary 2021;4 years ago (2021-02)
Founders
  • Philip Johnston
  • Manfred Meyer
Headquarters Dubai, UAE
Area served
 Central & Eastern Europe, the Middle East, and Africa
Key people
  • Philip Johnston (Co-CEO)
  • Manfred Meyer (Co-CEO)
Number of employees
100+ (2021)
Website opontia.com

Opontia is an e-commerce company founded in February 2021 by Philip Johnston and Manfred Meyer. [1] [2]

Contents

History

Opontia was co-founded by Manfred Meyer who was previously the CEO of Next Commerce, Chief Commercial Officer of Digikala in Iran, and Chief Marketplace Officer of Lazada. [3]

In June 2021, Opontia raised US$ 20 million in seed round from Global Founders Capital, Presight Capital, Raed Ventures and Kingsway Capital. [4] The company announced plans for brands in Egyptian, Turkish and Nigerian markets. [5] [6]

In July 2021, Opontia acquired 100% of Novimed, a UAE company that produces consumer medical products. [7] [8]

In August 2021, Opontia opened a new office in Turkey, then another office in October 2021 in Poland. [9] [10] [11]

In December 2021, Opontia raised US$ 42 million in equity and venture debt in a series A round, [12] [13] making it the only newcomer in 2021 to be featured in the Forbes Middle East's 50 Most-Funded Startups being ranked 12th. [14]

Opontia buys and grows e-commerce brands in the CEEMEA (Central & Eastern Europe, the Middle East, and Africa). It is considered one of the first companies in the Middle East to raise venture debt. [15]

By the end of 2021 it had signed term sheets with 15 brands [16] and concluded a partnership with Aramex.[ citation needed ]

See also

References

  1. ↑ "Opontia: Enabling e-commerce brands to go global". Wamda. Retrieved 2022-01-28.
  2. ↑ "مقابلة- فيليب جونستون | الشريك المؤسس والرئيس التنفيذي- OPONTIA". Now الشرق (in Arabic). Retrieved 2022-01-28.
  3. ↑ "E-ticaret platformlarındaki başarılı markalara yatırım yaparak onları satın alan "e-ticaret roll-up" firması: Opontia". Webrazzi (in Turkish). 2021-09-03. Retrieved 2022-01-28.
  4. ↑ "Dubai's Opontia raises $20 million seed to acquire and grow ecommerce brands in Middle East & Africa". MENAbytes. 2021-06-04. Retrieved 2022-01-28.
  5. ↑ "Opontia raises $20M to roll up e-commerce brands in Africa and the Middle East". TechCrunch. Retrieved 2022-01-28.
  6. ↑ "Gulf-based Opontia raises $20 mln for acquisitions". Reuters. 2021-06-07. Retrieved 2022-01-28.
  7. ↑ Karam, Mark Anthony. "Opontia, UAE company that acquires e-commerce brands, adds NOVIMED to its portfolio". www.adsmehub.ae. Retrieved 2022-01-28.
  8. ↑ "Opontia acquiert la marque e-commerce de matériel médical Novimed". AITN (in French). 2021-08-03. Retrieved 2022-01-28.
  9. ↑ "Opontia zainwestuje na polskim rynku ok. 100 mln zł do końca 2022 roku". Inwestycje.pl (in Polish). 2022-01-04. Retrieved 2022-01-28.
  10. ↑ "Opontia wchodzi do Polski. Na przejęcia firm e-commerce chce wydać ponad 100 mln zł". Bankier.pl (in Polish). 2021-10-04. Retrieved 2022-01-28.
  11. ↑ "Opontia wyda 100 mln zł na polskie e-sklepy. To początek jej konsolidacji e-commerce'u". pb.pl (in Polish). Retrieved 2022-01-28.
  12. ↑ East, Forbes Middle. "STV-Backed Opontia Raises $42M In Series A Round. Here's Why". Forbes ME. Retrieved 2022-01-28.
  13. ↑ "Opontia gets $42M to buy more e-commerce brands in Eastern Europe, Middle East and Africa". TechCrunch. Retrieved 2022-01-28.
  14. ↑ saim. "The Middle East's 50 Most-Funded Startups". Forbes Lists. Retrieved 2022-01-30.
  15. ↑ ""Doğru Yatırım Stratejileri ile Küresel Pazarlara Açılmak Mümkün"". hbrturkiye.com (in Turkish). 2021-11-02. Retrieved 2022-01-28.
  16. ↑ "Dubai's Opontia plans expansion after securing $42m funding". Arabian Business. 2021-12-17. Retrieved 2022-01-28.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.