Egyptian Startup CardoO Raises USD 660 K Seed Funding Round

CardoO, an Egyptian-based startup has raised a USD 6660 K seed investment round led by The Alexandria Angels, with the participation from Sofico Investments, angel investors from Saudi Arabia, and the European Bank for Reconstruction and Development (EBRD).

CardoO seeks to become a leading Arab brand that provides users with premium and price-effective smart devices that enhance their daily lives by facilitating access to the latest affordable consumer electronics and Internet of Things (IoT) devices in the hands of MENA consumers. The startup offers many products that meet the market needs through cardoo.co online sales, direct sales, and channel sales, in addition to retail sales, with existing products. VR “Virtual Reality Simulator”, Smart Watch, Wireless AirPods, Mobile game joysticks, CardoO i Note tablet for writing and drawing, CardoO smart scale.)