Milango raises seed investment
Egypt-based community management solution provider Milango, has raised an undisclosed six-figure seed funding in a round led by A15 and strategic angel investors.
Founded last February, Milango is a community management platform for gated communities. It provides its business clients with a wide range of community management tools that help them empower their businesses online. It further looks to provide all users with a cashless environment, access control, facility management, even yacht docking, and more.
“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,” said Amr Mostafa, Milango ’s newly appointed CEO. "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."
The startup plans to use the funds to further expand its services to the real estate sector and enhance its product offering to beckon more developer partners. The startup’s top partners include Orascom development, EMAAR, Sodic, Almaza Bay, and Hyde Parks, among others.
“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,” said Fadi Antaki, A15’s chairman.