{"id":4015,"date":"2019-03-20T07:02:35","date_gmt":"2019-03-20T07:02:35","guid":{"rendered":"http:\/\/shahennews.com\/eng\/?p=4015"},"modified":"2019-03-20T07:02:35","modified_gmt":"2019-03-20T07:02:35","slug":"jamalon-continues-to-disrupt-arabic-publishing-after-successfully-raising-over-10-million-funding-round","status":"publish","type":"post","link":"https:\/\/shahennews.com\/eng\/archives\/4015\/jamalon-continues-to-disrupt-arabic-publishing-after-successfully-raising-over-10-million-funding-round\/","title":{"rendered":"Jamalon Continues To Disrupt Arabic Publishing after Successfully Raising Over $10 Million Funding Round"},"content":{"rendered":"<p>shaheennews<\/p>\n<p><a href=\"https:\/\/jamalon.com\/\"><span style=\"font-weight: 400\">Jamalon<\/span><\/a><span style=\"font-weight: 400\">,\u00a0the largest online Arabic book retailer, announced today that it\u00a0has\u00a0successfully\u00a0completed the first leg of its Series B funding round,\u00a0raising\u00a0over $10M\u00a0in investments\u00a0from existing and new shareholders.\u00a0It is the largest amount\u00a0ever received by\u00a0an e\u200b-commerce retailer in Arabic publishing.\u00a0\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400\">This\u00a0latest funding round secured further investments from\u00a0leading investor Wamda\u00a0Capital, followed by\u00a0Aramex, and new investments from Anova\u00a0Investments, 500 Falcons, Endeavor\u00a0Catalyst\u200b,\u00a0and others\u200b.\u00a0\u00a0The round reflects the strong\u00a0demand for investors within\u00a0the Arabic content and e\u200b-commerce industry.\u00a0\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400\">The funds will be used to\u00a0increase\u00a0the reach of Arabic books across the globe. They will empower\u00a0Jamalon\u00a0to continue\u00a0disrupting\u00a0the\u00a0MENA publishing sector by scaling-up its innovative Print-on-Demand service,\u00a0already\u00a0active\u00a0and able to print\u00a0over\u00a02\u00a0million\u00a0titles in\u00a0under\u00a05\u00a0minutes per book.\u00a0The service\u00a0gives instant\u00a0global\u00a0access to thousands of Arabic writers and publishers at incomparable\u00a0prices.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400\">Jamalon\u00a0was founded in 2010 by entrepreneur and Chief Executive Officer,\u00a0Ala\u2019 Alsallal,\u00a0and now offers\u00a0over\u00a010 million publications in\u00a0both\u00a0Arabic and English. It currently partners with more than 3,000 Arabic and 27,000 English language publishers, and in 2018, sold\u00a0books to customers across 111 in a market valued at $1.7 billion. The disruptive platform\u2019s revenues have grown over 7-fold since 2013,\u00a0and\u00a015% of its titles are sold outside\u00a0the Middle\u00a0East. \u201cWe\u00a0are very excited to close this new round with investors that have been supporting us\u00a0from the beginning. Today, adding new regional and global\u00a0industry leaders\u200b will\u00a0make a great difference in our journey to become the most powerful\u00a0\u200bglobal\u00a0hub\u00a0\u200bfor\u00a0Arabic books\u200b,\u201d said\u00a0Jamalon\u00a0founder and CEO Ala\u2019 Alsallal.\u00a0\u201cOur ability to service consumers globally via\u00a0Jamalon\u2019s\u00a05 distribution hubs\u200b\u00a0will grow even further thanks to our data-driven approach that caters to our customers\u2019 needs,\u201d\u00a0\u200bhe added.\u00a0\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400\">Fadi Ghandour, Executive Chairman of Wamda Capital commented on the round, \u201cWe are excited to lead this funding round and to continue supporting Jamalon in its mission to reinvent the region\u2019s publishing and distribution industry. The Print On Demand (POD) solution is an example of how the industry is evolving and Jamalon is primed to capitalize on this shift and further scale its business.&#8221;<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400\">\u201cWe strongly believe in\u00a0Jamalon\u2019s\u00a0concept and founding principles as a vehicle that breaks down barriers facing knowledge exchange in the region.\u00a0Our investment will help them grow even further\u00a0and cement their leading position in the Saudi Arabian market.\u00a0This is only the tip of the iceberg. Jamalon will continue to realize exponential growth over time,\u201d added Nouf Aljreiwi, Executive Director at\u00a0Anova\u00a0Investments.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>*Source:<\/b><b> AETOSWire<\/b><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-4016\" src=\"https:\/\/shahennews.com\/eng\/wp-content\/uploads\/2019\/03\/Team-Jamalon-Photo-AETOSWire_1552977699-300x225.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/shahennews.com\/eng\/wp-content\/uploads\/2019\/03\/Team-Jamalon-Photo-AETOSWire_1552977699-300x225.jpg 300w, https:\/\/shahennews.com\/eng\/wp-content\/uploads\/2019\/03\/Team-Jamalon-Photo-AETOSWire_1552977699-768x576.jpg 768w, https:\/\/shahennews.com\/eng\/wp-content\/uploads\/2019\/03\/Team-Jamalon-Photo-AETOSWire_1552977699-1024x768.jpg 1024w, https:\/\/shahennews.com\/eng\/wp-content\/uploads\/2019\/03\/Team-Jamalon-Photo-AETOSWire_1552977699.jpg 1440w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>shaheennews Jamalon,\u00a0the largest online Arabic book retailer, announced today that it\u00a0has\u00a0successfully\u00a0completed the first leg of its Series B funding round,\u00a0raising\u00a0over $10M\u00a0in investments\u00a0from existing and new shareholders.\u00a0It is the largest amount\u00a0ever received by\u00a0an e\u200b-commerce retailer in Arabic publishing.\u00a0\u00a0 &nbsp; This\u00a0latest funding round secured further investments from\u00a0leading investor Wamda\u00a0Capital, followed by\u00a0Aramex, and new investments from Anova\u00a0Investments, 500 &hellip;<\/p>\n","protected":false},"author":2,"featured_media":4017,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-4015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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