Numu Capital, a Dubai-based venture capital firm, announced its investment in Hatal2ee.com, a leading auto classifieds marketplace in the Mena region.
 
The terms of the deal were not disclosed, but Numu confirmed that this was one of the biggest investments it has made so far.  

The deal was actually closed in March 2017, but the public announcement was delayed for strategic reasons, a statement said.
 
Hatla2ee was founded by Samy Swellam, a French-Egyptian entrepreneur who quit his corporate job in Paris and moved back to the region to disrupt the auto industry.
 
“Samy is a remarkable entrepreneur, he has bootsrtapped a solid business without raising any funds. We were fascinated by the growth and market share Hatal2ee team has been able to achieve with the limited resources they have, and we knew immediately that we should join this success story early on,” said Jamal Al-Mutarreb, managing director of Numu Capital.
 
Numu Capital understands and favours online classifieds startups. It has previously invested in Aqarmap.com, a leading real estate portal in Egypt and Saudi Arabia.
 
Hatla2ee is currently ramping up its growth and is expected to raise a Series A round in the next few months. Numu Capital usually invests in startups to help them increase their traction, and secure the next funding round. The fund’s unique value proposition to entrepreneurs is its friendly and quick deal cycle, which usually takes less than 30 days from initial pitch to wiring the funds to the startup’s bank account, the statement added. - TradeArabia News Service