Opontia

Opontia, a startup that acquires and grows eCommerce brands, announced that it has raised $42 million. The Series A funding round was a mix of equity and venture debt, with STV, the largest venture capital fund in the Middle East and North Africa, leading the equity investment. Further testament to Opontia’s potential and strong expansion […]

eCommerce enabler Opontia has acquired UAE-based direct-to-consumer (D2C) medical equipment and therapeutic products, Novimed. Novimed launched in 2017 with its first core product: medical pillows and cushions for patients suffering from acid reflux. The company now offers different kinds of medical products to support patients and physicians during treatment plans, including medical braces, foot care […]