A Ventures has reinforced its investment in Mrkoon by increasing its stake from 20% to 28% while participating in a new bridge funding round. The move signals the firm's deepening commitment to the digital marketplace, which specializes in trading scrap and surplus materials. This investment aligns with A Ventures' broader strategy of supporting high-potential startups that disrupt traditional industries through technology.

Mrkoon’s Market Disruption and Growth

Since its inception, Mrkoon has emerged as a game-changer in the scrap and surplus materials sector by leveraging technology to eliminate intermediaries. The platform has facilitated transactions exceeding 10,000 metric tons of materials, streamlining the supply chain and improving price transparency. With a mission to bring efficiency to a traditionally fragmented industry, Mrkoon enables businesses to unlock greater value from surplus assets while promoting sustainability.

A Ventures' Strategic Support

Founded by renowned entrepreneur Ayman Abbas, A Ventures is an investment and portfolio management firm dedicated to scaling early-stage startups across Egypt and the Middle East. Beyond financial backing, the firm provides mentorship, strategic partnerships, and market insights to help portfolio companies grow. By increasing its stake in Mrkoon, A Ventures is demonstrating confidence in the platform’s ability to scale beyond Egypt and revolutionize the industry.

Investor Confidence in Mrkoon’s Potential

Sherif Ramadan, CEO of A Ventures, emphasized the firm’s belief in Mrkoon’s team, market potential, and scalability beyond its home country. He highlighted that the additional investment represents more than just financial support, describing it as fueling a digital revolution in a multi-billion-dollar industry. A Ventures views Mrkoon as a key player in optimizing supply chains and advancing the circular economy by reducing waste and repurposing resources.

Regional Expansion into the GCC

With the fresh investment, Mrkoon is poised to expand into the Gulf Cooperation Council (GCC) region, where demand for digitized supply chain solutions is on the rise. The company aims to establish a stronger foothold in the region by introducing its technology-driven approach to a broader market. This strategic expansion is expected to further position Mrkoon as a leader in digital transformation within the scrap and surplus sector.

Beyond Financial Investment

Mrkoon’s CEO, Mohamed Shalabi, acknowledged that A Ventures’ support extends far beyond capital, encompassing strategic insights and valuable partnerships. He expressed optimism that the new funding would accelerate growth, enhance technological capabilities, and open doors to new markets, starting with the GCC. The collaboration between Mrkoon and A Ventures is set to drive innovation and efficiency, reinforcing the company’s mission to digitize and modernize an outdated industry.

The strengthened partnership between A Ventures and Mrkoon underscores a shared vision of reshaping the scrap and surplus materials market through technology. With increased investment and strategic backing, Mrkoon is well-positioned to expand regionally and cement its role as a disruptor in the industry. As demand for digital solutions continues to grow, this collaboration marks a significant step toward optimizing supply chains and promoting sustainability on a larger scale.