Monday, July 8, 2019

E-commerce platform gets $4 million for expansion. Funds contributed by Cedar Mundi, iSME, BLC Bank


Ecomz, the e-commerce management platform, said recently that it has increased its capital by $4 million to scale-up, expand globally, and enhance the platform with Artificial Intelligence (AI) and machine learning capabilities.

The new equity funding came from Beirut-based venture capital firm Cedar Mundi Ventures, the Kafalat-managed iSME Programme, and BLC Bank.

"We may launch other rounds to raise more funds two or three years from now because this line of business always needs...

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