ArabFinance: Egyptian fashion platform Brantu raised a seven-div series A round in US dollar to mainly fuel the growth of its user base, according to a November 1st press release.

Cairo-based Sawari Ventures has led the investment round, the statement added.

The startup also plans to “increase its verticals and capture the growing market share within the growing fashion and lifestyle industry in Egypt,” the firm noted.

Brantu was founded 14 months ago as a digital marketplace enabling local and global fashion brands to reach Egyptian consumers, according to the press release.

The startup received financial support from the Swedish government, Co-Founder Mohamed Rizk had revealed.

“We were thinking about having an office in Europe, but Egypt has a lower labor force cost when compared to Sweden, for example,” Rizk noted back then.

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