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§ Private Profile · Maadi El Sarayat El Gharbia, Cairo, EG
B2B e-commerce marketplace connecting FMCGs, wholesalers, and merchants, offering online product ordering and credit facilities.
Capiter has raised $33.0M across 1 funding round.
Key people at Capiter.
Capiter has raised $33.0M in total across 1 funding round.
Capiter is a Cairo, Egypt-based B2B e-commerce marketplace that connects fast-moving consumer goods suppliers, wholesalers, and retail merchants on a single digital platform. Before its operational collapse in late 2022, the company scaled its operations to serve over 50,000 merchants and 1,000 sellers offering a catalog of more than 6,000 product SKUs. The platform generated revenue through marketplace transaction fees alongside specialized credit solutions, eventually growing its workforce to between 501 and 1,000 employees. The enterprise secured $33 million in Series A funding in September 2021, backed by prominent institutional investors including Quona Capital, MSA Capital, Savola, and Shorooq Partners. Following severe allegations of financial mismanagement, the board of directors removed the executive leadership, laid off approximately 100 employees, and suspended operations. Capiter was founded in 2019 by co-founders Mahmoud Nouh and Ahmed Nouh.
Capiter has raised $33.0M across 1 funding round. Most recently, it raised $33.0M Series A in September 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2021 | $33M Series A | Quona Capital, BEN Harburg | Andreas Haug, Kamran Ansari, Jeremy YAP, Accion Venture LAB, Derayah Ventures, Foundation Ventures, Savola, Shorooq Partners | Announced |
Capiter is an Egyptian-founded B2B marketplace that built a platform to connect FMCG suppliers, wholesalers and small merchants, offering ordering, logistics and embedded working-capital (cash‑flow) finance for merchants; the company grew rapidly after launch but collapsed into a well‑publicized crisis in 2022 with unpaid staff and creditor claims and founder/board disputes.[2][4][5]
High‑Level Overview
Origin Story
Core Differentiators
Role in the Broader Tech Landscape
Quick Take & Future Outlook
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Capiter has raised $33.0M in total across 1 funding round.
Capiter's investors include Quona Capital, Ben Harburg, Andreas Haug, Kamran Ansari, Jeremy Yap, Accion Venture Lab, Derayah Ventures, Foundation Ventures, Savola, Shorooq Partners.
Key people at Capiter.