Melltoo Secures +$200,000 from Multiple Top Investors

Alexis Baghdadi, May 04 2015
Melltoo, Dubai’s mobile-first peer-to-peer marketplace for buying and selling secondhand products just closed its first seed funding round with a total investment of $205,000. Investors included Turn8 accelerator WOMENA and Silicon Oasis Founders (SOF).
A press release announcing the end of this round mentioned this is the first time a number of top institutional investors in the GCC come together amicably at the investment table, signaling a maturing startup ecosystem. The availability of these players’ collective resources contributes to the overall growth in the number of success stories.