Samena Capital Leads Series B Investment in Anghami (MENA)
Posted On: 03 Nov 2016 | Source: Anghami
Samena Capital, a principal investment group focused on the Indian subcontinent, the Middle East and North Africa, has led a Series B investment round for Lebanon-based music streaming platform Anghami. United Arab Emirates-based telecommunications service provider du also participated in the round and signed a commercial agreement to bundle the two companies’ products. Anghami will use the funds for song catalog development, user acquisition and geographic expansion in the MENA region. Financial details of the transaction were not disclosed.