Egyptian B2B Startup Kuzlo raises Undisclosed Pre-seed Funding

Egyptian B2B Startup Kuzlo raises Undisclosed Pre-seed Funding

Egypt-based B2B marketplace, Kuzlo, has announced it raised an undisclosed amount of pre-Seed investment.

The funding round was led by Nama Ventures, and Kuzlo seeks to push its products and services with this new funding.

Kuzlo was established in 2021 by Ayman, Tarek, Bassem, and Gebril. Kuzlo’s business-to-business (B2B) marketplace connects fast-moving consumer goods (FMCG), small retailers, with wholesalers that are available in their area, while also delivering total transparency on product availability and prices.

Kuzlo leverages technology to ensures customers experience efficient customer service and delivers excellent delivery services thereby gaining the trust of its customers.

Speaking on the investment, the founder and managing partner of Nama Ventures, Mohammed Alzubi, said,

“Part of our investment thesis at Nama is to look for great teams that are disrupting traditional businesses leveraging technology.

“This had become most evident in the supply chain in the grocery space in Mena. Ayman, Mohammed Gebril, Bassem, and their great advisor Tarek are true examples of a complementary team with deep knowledge in the industry, technology expertise, and operational excellence to take a shot at this space in Alexandria.

“We have no doubt that this team is on to something special and we are honoured and privileged to be this sole pre-seed investor and backer.”