E-commerce startup Justyol has raised $350K in Pre-SEED funding from Earn Rocket Investment Holding. Founded in 2022, Justyol is a unique cross-border marketplace/E-commerce startup that is addressing the MENA market with a web/application that bridges the gap between the Turkish fashion market and MENA markets.
The project started by targeting the promising Moroccan market. The demand for online shopping is high and it mainly benefits small structures that are already involved in online sales. The Co-Founder and the CEO of Justyol Ahmed Badran said: “we have a “strategic” plan it’s called (doing things), as we believe that It’s not about ideas. It’s about making ideas happen and an idea’s value lies in its use.” Expressing his gratitude to the customers, suppliers and investors who believed in Justyol.”
With the new fund, Justyol is planning to invest more in technical development, expand its marketing activities and plan for the next expansion move in the region. “We are on the right path to building a great story as we believe that our reputation is more important than our paycheck as we are chasing vision not the money, and we know that the money will always end up following us”, concluded Badran.
It is worth noting that the VC ecosystem in the Moroccan region has upheld a steady stream of deals this year. Notable rounds have been closed by the likes of T&L startups Freterium and Cloud Fret, FinTech WafR, and E-commerce startup Chari.ma. While <$1M+ rounds have been taking the funding cake, it is the Early-Stage deals, specifically deals closed $0-$1M bracket size, that have been scoring the majority share.
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Last Updated on December 17, 2022 by Safiya K
