Milango, a community management solution provider, has successfully raised six-figure Seed funding in a round led by A15 and strategic angel investors.
Milango provides community management solutions to closed communities with products tailored to gated compounds and sporting & social clubs, among other communities. The startup aims to provide all users with #ASmarterLife every day, including a cashless environment, access control, facility management, even yacht docking, and more.
The new investment round will enable Milango to further capitalize on its success in the community management sector with the biggest real estate developers in MENA. New product innovation is a key area of focus for Milango, driving an ever-evolving solution to their developer partners.
Amr Mostafa, Milango’s newly appointed CEO said, “With the support of our partners and A15’s strong technology ecosystem value they add to the equation, I am confident that Milango is on the right path to bringing the smart city of the future closer to today.”
Amr added how the current climate affected their fundraising efforts, “For us, the current climate helped. The pandemic fast-tracked digital transformation across all sectors and lucky for us, we had a product that was already digitally enabling the daily lives of thousands of people across Egypt, so it was the right timing as people began to really see the need and value of our product.”
On the other hand, A15’s Chairman, Fadi Antaki, commented in the light of its new investment, “We invested in Milango because it makes sense due to the gap it is filling in the market as in digitally transforming communities whether compounds or clubs by making the experience served to its residents and members more seamless, appealing and meaningful.”