Dubai based E-commerce start-up Sprii.com raises $8.5m in latest funding round
E-commerce start-up Sprii.com has raised $8.5m in funding as it plots further expansion across the Middle East, invest in new technology, and add to its workforce.
The Dubai-based online marketplace for mothers and children has now raised more than $13m of investment to date, with the latest round coming on the back of the company's successful debut into Saudi Arabia earlier this year.
The latest injection of funds has been earmarked for expansion into Kuwait, Oman and Bahrain, said Sprii in a statement, which added that the platform is currently delivering 20 per cent month on month growth, with sales in 2019 on track to be triple those of 2018.
The company also said that the funds raised so far have enabled them to recuit tech and marketing talent, with expert hire in the fields of big data and analytics.
"The first six months of 2019 have exceeded our expectations. We have launched a new app, opened our operations in Saudi and have now finalised our funding round early, which will allow us to continue to deliver on our promise to our loyal customers." said Sprii founder, Sarah Jones.