By following up its initial pre-seed investment with a new bridge round, A Ventures, a prominent investment and portfolio management firm led by CEO Sherif Ramadan and Chairman Ayman Abbas, has reaffirmed its commitment to Mrkoon, a cutting-edge digital marketplace for scrap and surplus materials. This most recent investment demonstrates A Ventures’ belief in Mrkoon’s operational impact, exponential growth, and ability to revolutionize a historically fragmented industry.
Since its inception, Mrkoon has handled thousands of transactions, assisting companies in discovering untapped potential in their excess inventory. Businesses have saved an average of 20% on procurement and disposal costs thanks to the platform’s facilitation of the trade of over 10,000 metric tonnes of scrap and surplus.
Mrkoon, a tech-driven marketplace founded by Mohamed Shalabi (CEO), Ahmed Mamdouh (COO), and Ahmed Amir (CTO), is upending a MENA industry valued at billions. Mrkoon is resolving long-standing inefficiencies in a market that has largely escaped digital transformation by doing away with middlemen, guaranteeing pricing transparency, and expediting transactions.
“Since our initial investment, we’ve seen Mrkoon grow its business by 20x and expand its footprint across key industrial hubs,” said Sherif Ramadan, CEO of A Ventures. “Our decision to double down on our investment reflects our belief in the team’s execution, the market’s untapped potential, and the platform’s ability to scale beyond Egypt. With this additional funding, we’re not just backing a startup—we’re fuelling a digital revolution in a multi-billion-dollar industry.”
With plans to enter the GCC, where the market for scrap and surplus materials is worth over $150 billion, Mrkoon is currently getting ready for regional expansion. Mrkoon is well-positioned to take a sizable chunk of the market given the region’s growing need for digital supply chain solutions.
“We’re thrilled to have A Ventures reaffirm their trust in us,” said Mohamed Shalabi, CEO of Mrkoon. “Their support extends far beyond capital—it’s about strategic partnerships, market insights, and a shared vision. With this new investment, we’re scaling faster, improving our technology, and expanding into new markets, starting with the GCC.”
Having more than 500 verified sellers, 6000+ scrap traders, a 95%+ transaction success rate, and a rapidly growing network spanning several industries, Mrkoon keeps generating profits for companies while bolstering sustainability initiatives.
