UAE-based Justmop, an online marketplace for on-demand home services, has raised an undisclosed amount in a Series A round of funding, it announced today.
While the amount of the funding was undisclosed, the firm said that since launch, it had raised a few million dollars.
This latest round of funding was led by Greece-based VentureFriends along with participation from existing and new investors, UK-based OAK Capital, the investment vehicle of Turkish internet entrepreneur and investor Nevzat Aydin and 500 Startups.
Founded by Ali Cagatay Ozcan and Kerem Kuyucu, both Turkish citizens, Justmop claims that it currently realizes an annualized gross revenue of more than $10 million and has seen over 25% M-o-M growth in the last six months.
It also said that it would use this round of funding to expand its sales and marketing efforts as well as widen its service profile.
Commenting on the investments, Ozcan said, that the funding is also strategic and they expect VentureFriends to help them gain a substantial leverage in target markets.
Justmop currently operates in the UAE, and it is looking at Saudi Arabia, Bahrain, and Kuwait as new markets.
On getting Aydin on board as an investor, Kuyucu said that his extensive know-how and guidance would play a strategic role in taking justmop.com to the next level.