OPONTIA

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 ***1, Opontia raised US$*0 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 ***1, Opontia acquired **0% of Novimed, a UAE company that produces consumer medical products.[7][8]

In August ***1, Opontia opened a new office in Turkey, then another office in October ***1 in Poland.[9][*0][*1]

In December ***1, Opontia raised US$*2 million in equity and venture debt in a series A round,[*2][*3] making it the only newcomer in ***1 to be featured in the Forbes Middle East's *0 Most-Funded Startups being ranked *2th.[*4]

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.[*5]

By the end of ***1 it had signed term sheets with *5 brands[*6] and concluded a partnership with Aramex.