The online gifting platform’s latest investment raises its overall funding to $3.5 million and enables it to add Qatar to a respectable list of MENA markets.
Joi Gifts, a UAE-based online gifting platform, has launched in Qatar after raising $750,000 in a Pre-Series A funding round, which means it now operates in eight markets. With a total funding of $3.5 million, Joi Gifts has set its sights on more Series A funding from leading angel investors in the UAE and Saudi Arabia.
Rami Kahale - former general manager at Careen Riyadh - has joined Joi Gifts as CEO to direct the company's ambitious expansion efforts, starting with the implementation of technologies and features, such as AI-driven gift assistants and augmented reality product models.
“Now that we have reached profitability, we are ready for explosive growth with new funding to become the online brand in the $28 billion Middle East gifting market,” said Joi Gifts co-founder Alper Celens. “We consider 2021 to be the year of Joi,” Kahale added. “Having built our foundation, our goal is to not only grow our footprint and reach but also innovate to become the global standard in online gifting."
Learn more about Joi Gifts here.
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