UAE trading platform NorthLadder secures $10m in convertible note

Arab News: UAE-based digital trading platform for pre-owned electronics, NorthLadder, has secured a $10 million convertible note led by venture capital firm CE-Ventures with participation from other investors.

The company will use its acquired funds to boosts its technology platform, expand geographically, as well as strengthen current B2B partnership

“With this latest round of funding, we plan to further strengthen our talent base and expand our market reach in multiple countries including the UAE and Saudi Arabia,” Sandeep Shetty, co-founder and CEO of NorthLadder, said in a statement.

NorthLadder has served more than 30,000 customers, has over 500 dealers across three countries, and over 200 trade-in locations, according to MAGNiTT.

Arab Contribution Time: 19-May-2022 08:45 (GMT)
Arab Last Update Time: 19-May-2022 08:45 (GMT)