Selected 2013

Anghami

  • Country Lebanon
  • Lead Investor Samena Capital
  • Industry Digital Music
  • Investment Date December 2016

Description

Anghami is the leading digital music service in the Middle East. Based in Beirut and Dubai, Anghami features licensed content from leading Arabic labels such as Rotana, Platinum Records, Mazzika, and Melody, as well as music from the major International labels such as Universal, Sony, EMI, and Warner. Over the past three years, Anghami has grown its subscriber base eleven-fold to 30 million users, and its monthly active user base five-fold to a current 6 million users. At least 500 million songs are streamed per month from Anghami’s multi-application platform.

Other info

This round marks the third successful fundraise by Anghami, which was seeded by Middle East Venture Partners (MEVP) in 2012. Subsequently in 2014, MEVP lead a successful Series A fundraising round that included co-investments from MBC Group, the leading media group in the MENA region, and Mobily Ventures, the investment arm of leading Saudi telco-operator Mobily. This is Endeavor Catalyst’s 2nd investment in Lebanon.

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