The round, which was led by Silicon Badia and Wamda Capital, with participation from Jabbar Internet Group and DASH Ventures, followed a $2.1m funding it raised earlier this year.
The company intends to use the funds to continue to expand video coverage and content, grow adoption of its mobile app in the region, and launch new specialized mobile apps.
Founded in 2006 by CEO Mohammed Al-Shaker, ArabiaWeather serves millions of consumers across the Middle East and North Africa with weather forecasts, information, and content, delivered through its web and mobile properties. Its flagship mobile app is available on both iOS and Android.
The company is launching a new digital monetization unit that will allow advertisers to create digital ad products which leverage ArabiaWeather’s weather and consumer data. On the enterprise side, it will further invest in developing integrated industry-specific decision-support solutions for businesses in sectors that are particularly affected by weather conditions – such as aviation, marine, oil and gas, agriculture, insurance and retail.
FinSMEs
18/11/2015