Egyptian Startup Cartona Raises USD 8.1 M Series A Extension Round
- Cartona raises USD 8.1 M in a Series A extension round.
- Algebra Ventures leads the round, with participation from Silicon Badia, SANAD Fund for MSME, Camel Ventures, and GlobalCorp.
- Cartona focuses on digitizing the traditional offline trade market for the FMCG industry.
The successful Series A extension round for Cartona demonstrates investor confidence in the company's B2B e-commerce platform. With a focus on digitizing the FMCG industry, Cartona has the potential to disrupt the traditional offline trade market and provide solutions for supply-chain and operational challenges. This funding will enable Cartona to further expand its marketplace and support grocery retailers in ordering their store needs digitally.
