Cairo, Egypt – A Ventures has strengthened its commitment to Mrkoon, a digital marketplace for scrap and surplus materials, by increasing its stake from 20% to 28%. The investment firm followed up on its initial pre-seed funding with a new bridge round, demonstrating confidence in Mrkoon’s potential to scale beyond Egypt.
Strategic Investment to Disrupt a Fragmented Industry
Founded by Egyptian business tycoon Ayman Abbas, A Ventures is known for facilitating the growth of early-stage, sector-agnostic startups across Egypt and the Middle East. Beyond financial backing, the firm provides mentorship and strategic guidance to promising businesses.
Mrkoon, co-founded by Mohamed Shalabi (CEO), Ahmed Mamdouh (COO), and Ahmed Amir (CTO), operates as a digital marketplace that optimizes the trade of scrap and surplus materials. By eliminating intermediaries, the platform ensures price transparency and streamlined transactions. Since its inception, Mrkoon has processed thousands of transactions and facilitated the trade of over 10,000 metric tons of scrap and surplus materials.
“A Ventures’ decision to double down on our investment reflects our belief in the team’s execution, the market’s untapped potential, and the platform’s ability to scale beyond Egypt. With this additional funding, we’re not just backing a startup—we’re fueling a digital revolution in a multi-billion-dollar industry,” said Sherif Ramadan, CEO of A Ventures.
Regional Expansion Plans
With the backing of A Ventures, Mrkoon aims to expand its operations into the Gulf Cooperation Council (GCC) region. The move aligns with the increasing demand for digitized supply chain solutions and a growing focus on sustainability in the region.
Mrkoon’s CEO, Mohamed Shalabi, emphasized that A Ventures’ involvement goes beyond capital investment: “Their support extends far beyond capital—it’s about strategic partnerships, market insights, and a shared vision. With this new investment, we’re scaling faster, improving our technology, and expanding into new markets, starting with the GCC.”
Shaping the Future of Supply Chain Digitization
A Ventures’ support aligns with its broader strategy of disrupting fragmented industries and generating measurable impact. By integrating technology into an industry historically untouched by digital transformation, Mrkoon aims to solve inefficiencies and contribute to the circular economy by reducing waste and repurposing resources.
As the demand for digitized supply chain solutions rises, Mrkoon’s expansion into the GCC is expected to drive significant growth and innovation in the sector, further reinforcing A Ventures’ role as a key player in fostering entrepreneurial success in the region.
