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Srmg Ventures Announces Strategic Investment In Anghami, Mena’s Leading Music And Entertainment Streaming Platform

PUBLIC · ANGHAug 21, 2023

Round Type

Corporate Round

Abu DhabiMedia And EntertainmentMusic And Audio

Investors

AnghamiSrmg Ventures

Description

SRMG Ventures, the venture capital arm of SRMG, has today announced a $5 million investment in Anghami, the leading music and entertainment streaming platform in the MENA region. An investment by the MENA region’s largest integrated media group in Anghami marks a significant development in the region’s rising music and audio industry. SRMG Ventures will bolster Anghami's growth trajectory through its extensive media reach, content library, and portfolio of leading assets in audio/podcasts and enable it to capture a larger share in the fast-growing sector that is forecasted to reach $700M in 2026.

Quick answer

Anghami raised an undisclosed amount in a Corporate Round round, dated August 21, 2023. Investors: Anghami and Srmg Ventures. Anghami is based in Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates.

How much did Anghami raise?
Anghami raised an undisclosed amount in a Corporate Round round on August 21, 2023.
Who invested in Anghami?
Anghami and Srmg Ventures are named as investors in this round.
What does Anghami do?
The first, most established and fastest-growing music technology platform in the Middle East and North Africa region, Anghami is the go-to destination for Arabic and International music and entertainment, creating..
Where is Anghami based and how big is it?
Anghami is based in Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates. Fundz records about 228 employees.
Who are the decision-makers at Anghami?
Fundz holds 1 contact at Anghami. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Media And Entertainment and Music And Audio around the same time

Companies in the same sectors as Anghami that raised within 45 days of this round, from Fundz verified event records.

  • Velostics raised $1.9M (Seed) on October 5, 2023.
  • PUREPLAY ENTERTAINMENT raised $850K (Seed) on September 28, 2023.
  • AlphaSense raised $150M (Series E) on September 28, 2023.
  • Kuku Fm raised $25M (Funding Round) on September 20, 2023.
  • AMC Entertainment Holdings raised $325M (Post-IPO Equity) on September 14, 2023.
  • BOLD raised $17M (Series A) on September 12, 2023.

Who to call at Anghami, and when

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Company Information

Company

Anghami

Location

Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates

About

The first, most established and fastest-growing music technology platform in the Middle East and North Africa region, Anghami is the go-to destination for Arabic and International music and entertainment, creating artists, and connecting people. With its extensive eco-system of music, podcasts, events and more, Anghami provides the tools for anyone to create, curate and share their voice with the world. Launched in 2012, Anghami was the first music-streaming platform in MENA to digitize the region’s music. Today, it has the largest catalog comprising 72 million songs and licensed content from leading Arabic labels, independent artists, and distributors, available for 75 million registered users. Anghami has established 40+ Telco partnerships to facilitate subscriptions and customer acquisitions, in parallel to building long-term relationships with and featuring music from major music labels including Universal Music Group, Sony Music Entertainment, Warner Music Group and the Merlin Network and is constantly licensing and producing new and original content. Headquartered in Abu Dhabi, Anghami has offices in Beirut, Dubai, Cairo, and Riyadh and operates in 16 countries across MENA and has recently expanded into the US and Canada, with Europe in the pipeline. It is the only service available in English, Arabic and French, and remains close to its customer base, not only thanks to its pan-regional presence but also via the 56 million user data points it generates every day. To learn more about Anghami, please visit: https://anghami.com

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