Opontia

Opontia
FoundedFebruary 2021 (2021-02)
Founders
HeadquartersDubai, UAE
Area served
Central & Eastern Europe, the Middle East, and Africa
Key people
Number of employees
100+ (2021)
Websiteopontia.com

Opontia is an e-commerce company founded in February 2021 by Philip Johnston and Manfred Meyer.[1][2]

History

Opontia was co-founded by Manfred Meyer, who previously held executive roles at Next Commerce, Digikala, and Lazada.[3]

In June 2021, Opontia raised US$20 million in seed round from Global Founders Capital, Presight Capital, Raed Ventures and Kingsway Capital.[4] Angel investors also participated in the round such as Tushar Ahluwalia, who is the CEO of Razor Group, Jonathan Doerr, the former CEO of Daraz and co‑founder of Jumia, and Hosam Arab, the CEO of Tabby and former CEO of Namshi.[5]

Opontia acquires e‑commerce brands that are already profitable and plans to invest the seed funding to develop and grow them. The startup also has plans to expand into additional cities such as Cairo, Istanbul, and Lagos.[5]

In July 2021, Opontia acquired Novimed, a UAE company that produces consumer medical products.[6]

In August 2021, Opontia opened a new office in Turkey, then another office in October 2021 in Poland.[7][8][9]

In December 2021, Opontia raised US$42 million in equity and venture debt in a series A round,[10] In 2021, the company was ranked 12th in Forbes Middle East's 50 Most-Funded Startups list.[11]

Opontia acquires and operates e-commerce brands in the CEEMEA (Central & Eastern Europe, the Middle East, and Africa). The compony raise venture debt financing 2021.[12]

By the end of 2021, the company reported agreements with 15 e-commerce brands.[13]

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. ^ a b "Opontia raises $20m in seed round to acquire and grow e‑commerce brands in the Middle East and Africa". Nairametrics. Nairametrics. Retrieved 6 March 2026.
  6. ^ Karam, Mark Anthony. "Opontia, UAE company that acquires e-commerce brands, adds NOVIMED to its portfolio". www.adsmehub.ae. Retrieved 2022-01-28.
  7. ^ "Opontia zainwestuje na polskim rynku ok. 100 mln zł do końca 2022 roku". Inwestycje.pl (in Polish). 2022-01-04. Retrieved 2022-01-28.
  8. ^ "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.
  9. ^ "Opontia wyda 100 mln zł na polskie e-sklepy. To początek jej konsolidacji e-commerce'u". pb.pl (in Polish). Retrieved 2022-01-28.
  10. ^ East, Forbes Middle. "STV-Backed Opontia Raises $42M In Series A Round. Here's Why". Forbes ME. Retrieved 2022-01-28.
  11. ^ saim. "The Middle East's 50 Most-Funded Startups". Forbes Lists. Retrieved 2022-01-30.
  12. ^ ""Doğru Yatırım Stratejileri ile Küresel Pazarlara Açılmak Mümkün"". hbrturkiye.com (in Turkish). 2021-11-02. Retrieved 2022-01-28.
  13. ^ "Dubai's Opontia plans expansion after securing $42m funding". Arabian Business. 2021-12-17. Retrieved 2022-01-28.
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