Predict your next investment

Mubawab company logo
Corporation
INTERNET | eCommerce / Auction & Classifieds
mubawab.ma

See what CB Insights has to offer

Founded Year

2010

Stage

Corporate Minority - II | Alive

Total Raised

$17.85M

Last Raised

$10M | 7 mos ago

About Mubawab

Mubawab operates local classified portals for countries in the Middle East and North Africa.

Mubawab Headquarter Location

La Marina de Casablanca Tour Crystal 2- 11éme étage

Casablanca, 20000,

Morocco

212 520-471459

Latest Mubawab News

Mubawab Secures $10 Million Funding to Fuel its Regional Expansion

Mar 8, 2021

Mubawab Secures $10 Million Funding to Fuel its Regional Expansion by WAYA Staff - Mar 8, 2021 Share   URL Copied to clipboard Mubawab, a real estate platform based in Morocco, has received $10 million in funding from the Emerging Markets Property Group (EMPG), its parent company. Mubawab, which was founded in 2011 by Kevin Gormand and Toni Puig, allows users to utilise its platform to buy, sell, and rent properties in Morocco and Tunisia. It has been shared that the platform has two million visits to its site per month and 150,000 properties listed. In May 2018, it was acquired by EMPG who also owns Bayut, based in the UAE and Pakistan’s Zameen. The funding follows a $7 million investment also from EMPG in January 2020. Haider Ali Khan, CEO of EMPG commented, “Mubawab’s leadership and vision in supporting real estate professionals to meet demand, confirms our choice to invest in Mubawab to consolidate its position as a major and essential real estate player in North Africa. This expertise is the strength of Mubawab, which experienced a performance rebound in the last quarter of 2020 and sets it apart from other real estate players.” Kevin Gormand, Co-Founder and CEO of Mubawab said, “Gaining the confidence of investors is a guarantee of credibility on the market and towards our clients. Real estate still has a lot to give in the Maghreb region and technology is our strong link in this high potential market. Our backing from the EMPG group provides us with financial security, additional real estate expertise, and a long-term strategic partnership.” The new funds will help to accelerate its expansion in the North African region and develop its technology as a response to the demand for innovative tech solutions in the industry. Mubawab is also planning on hiring 200 new employees. If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section. FUNDING

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Mubawab Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Mubawab Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.