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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.
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.
Endeavor Entrepreneurs, Mentors and staff attended five days of networking and mentoring sessions in Austin, TX as …
Palo Alto, CA – October 11, 2013 – Endeavor selected 26 High-Impact Entrepreneurs at 16 companies from Argentina, …
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