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Opontia

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Dubai based e-commerce company
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Opontia
FoundedFebruary 2021; 3 years ago (2021-02)
Founders
  • Philip Johnston
  • Manfred Meyer
HeadquartersDubai, UAE
Area servedCentral & Eastern Europe, the Middle East, and Africa
Key people
  • Philip Johnston (Co-CEO)
  • Manfred Meyer (Co-CEO)
Number of employees100+ (2021)
Websiteopontia.com

Opontia is an e-commerce company founded in February 2021 by Philip Johnston and Manfred Meyer.

History

Opontia was co-founded by Manfred Meyer who was previously the CEO of Next Commerce, Chief Commercial Officer of Digikala in Iran, and Chief Marketplace Officer of Lazada.

In June 2021, Opontia raised US$20 million in seed round from Global Founders Capital, Presight Capital, Raed Ventures and Kingsway Capital. The company announced plans for brands in Egyptian, Turkish and Nigerian markets.

In July 2021, Opontia acquired 100% of Novimed, a UAE company that produces consumer medical products.

In August 2021, Opontia opened a new office in Turkey, then another office in October 2021 in Poland.

In December 2021, Opontia raised US$42 million in equity and venture debt in a series A round, making it the only newcomer in 2021 to be featured in the Forbes Middle East's 50 Most-Funded Startups being ranked 12th.

Opontia buys and grows e-commerce brands in the CEEMEA (Central & Eastern Europe, the Middle East, and Africa). It is considered one of the first companies in the Middle East to raise venture debt.

By the end of 2021 it had signed term sheets with 15 brands and concluded a partnership with Aramex.

See also

References

  1. "Opontia: Enabling e-commerce brands to go global". Wamda. Retrieved 2022-01-28.
  2. "مقابلة- فيليب جونستون | الشريك المؤسس والرئيس التنفيذي- OPONTIA". Now الشرق (in Arabic). Retrieved 2022-01-28.
  3. "E-ticaret platformlarındaki başarılı markalara yatırım yaparak onları satın alan "e-ticaret roll-up" firması: Opontia". Webrazzi (in Turkish). 2021-09-03. Retrieved 2022-01-28.
  4. "Dubai's Opontia raises $20 million seed to acquire and grow ecommerce brands in Middle East & Africa". MENAbytes. 2021-06-04. Retrieved 2022-01-28.
  5. "Opontia raises $20M to roll up e-commerce brands in Africa and the Middle East". TechCrunch. Retrieved 2022-01-28.
  6. "Gulf-based Opontia raises $20 mln for acquisitions". Reuters. 2021-06-07. Retrieved 2022-01-28.
  7. Karam, Mark Anthony. "Opontia, UAE company that acquires e-commerce brands, adds NOVIMED to its portfolio". www.adsmehub.ae. Retrieved 2022-01-28.
  8. "Opontia acquiert la marque e-commerce de matériel médical Novimed". AITN (in French). 2021-08-03. Retrieved 2022-01-28.
  9. "Opontia zainwestuje na polskim rynku ok. 100 mln zł do końca 2022 roku". Inwestycje.pl (in Polish). 2022-01-04. Retrieved 2022-01-28.
  10. "Opontia wchodzi do Polski. Na przejęcia firm e-commerce chce wydać ponad 100 mln zł". Bankier.pl (in Polish). 2021-10-04. Retrieved 2022-01-28.
  11. "Opontia wyda 100 mln zł na polskie e-sklepy. To początek jej konsolidacji e-commerce'u". pb.pl (in Polish). Retrieved 2022-01-28.
  12. East, Forbes Middle. "STV-Backed Opontia Raises $42M In Series A Round. Here's Why". Forbes ME. Retrieved 2022-01-28.
  13. "Opontia gets $42M to buy more e-commerce brands in Eastern Europe, Middle East and Africa". TechCrunch. Retrieved 2022-01-28.
  14. saim. "The Middle East's 50 Most-Funded Startups". Forbes Lists. Retrieved 2022-01-30.
  15. ""Doğru Yatırım Stratejileri ile Küresel Pazarlara Açılmak Mümkün"". hbrturkiye.com (in Turkish). 2021-11-02. Retrieved 2022-01-28.
  16. "Dubai's Opontia plans expansion after securing $42m funding". Arabian Business. 2021-12-17. Retrieved 2022-01-28.

External links

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