Egyptian Startup SubsBase Closes USD 2.4 Mn Seed Round

Egypt-based subscription and recurring revenue management platform SubsBase has closed its Seed round at USD 2.4 Mn, led by Global Ventures, along with HALA Ventures, P1 Ventures, Plus Venture Capital, Plug and Play, Ingressive Capital, and Camel Ventures, plus existing investors Falak Startups and Arzan Venture Capital.

SubsBase is a cloud-based subscription, recurring revenue, and billing management platform, that empowers subscription and recurring-based businesses with the collection, operational, analytics, and billing tools to efficiently manage their clients. The new funding will be deployed to accelerate product development and support the expansion strategy across the Mena region.