A six-figure US dollar round of investment has been secured by the Egyptian marketing tech firm Stllr Network to support team expansion and regional growth.
Stllr, which went live in December 2021, provides businesses with a plug-and-play marketing approach by allowing them to test out various campaigns, including SEO, media purchasing, social media, and more. These save wasted spending in marketing departments and misunderstandings with outside suppliers.
“There is an untapped potential of teams in the marketing industry, but the best teams are formed on their own through the network. This model is the first of its kind in the world, and only in a community-based region like ours. It is the best place to start. Thirty-four percent of all experts in the network come through referrals by someone already in the network. They can build and manage their own teams through Stllr’s technology. It’s social. We doubled our talent pool in 2022 through the network,” said CEO Nouran Ghannam.
Angel investors through Women Spark, Falak Angels, and 500 Global provide the cash. Along with former executives from Microsoft and Oracle, Accenture, Emkan, and the Digital Cooperation Organization are among the list of investors.
To decentralize its network, hire local talent, and grow into Saudi Arabia and the GCC, Stllr will use the cash.