Deal Street

African Startup Funding Tracker

$323,739,000+

*Data updated daily at 18:00 EAT

Moroccan Startup LNKO Raises USD 335 K Investment
Moroccan Startup LNKO Raises USD 335 K Investment

LNKO, a trendy eyewear eCommerce business, has secured a 3 million Dirham (USD 335 K) investment from CDG Invest, the CDG group’s investment arm. This seed money will assist LNKO to move from seed to acceleration, allowing the firm to speed its growth in the MENA region, starting with the United Arab Emirates, a larger market than the Moroccan market.

LNKO is a D2C (direct-to-consumer) eyewear company that specializes in fashionable eyewear. The brand offers excellent glasses and glasses at 550 DHS (USD 62) by eliminating intermediaries from the sales channel. The young company plans to build its own models and expand into other industries with its new funding.