Saudi-based Daal invests in PromoRepublic

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Source: MenaBytes

Daal, a Khobar-based VC firm has invested an undisclosed amount of money in $2.2 million seed round of social media management platform PromoRepublic, the firm told MENAbytes last week. The round was led by a Finnish government fund and joined by Poland’s Alfabeat and some angel investors. The startup that’s headquartered in Palo Alto, California, also has offices in Finland and Ukraine.

Founded in 2015 by Maksym Pecherskyy, Valeriy Grabko, Mikhail Baranovskiy, and Anton Pivniuk, PromoRepublic helps corporates, agencies, small businesses, and freelancers create and schedule social media posts for different networks. The platform also has a library of post ideas with ready-to-go-content for the users.

PromoRepublic, in addition to its smart posting product, also has a social media monitoring tool that allows users to learn what people are saying about them on social media and engage with the audience through comments without leaving PromoRepublic.

According to its website, PromoRepublic’s third product is the content service which comes with a set of 20 editable and reusable designs and the copy.

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