Egypt’s eSports startup Anubis secures $300K seed funding

Egypt's eSports startup Anubis secures $300K seed funding
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Anubis Gaming, a Cairo, Egypt-based startup on Monday (14 September 2020) has raised $300K seed funding from a regional e-commerce group.

Anubis was launched in 2015 by Youssef Mohsen to revolutionize the online gaming and eSports industry across the MENA region. According to Crunchbase, the company has secured a total of $750K until now across 4 funding rounds, and none of the investor names is disclosed yet.

This year, Anubis was recognised by Egypt’s Ministry of Youth and Sport as an official esports team and granted the rights to represent and compete at both regional and international levels. The company in the last five years has completed a number tournaments across many notable games including Counter-Strike: Global Offensive, Crossfire, and League Of Legends.

Sharing his thoughts on the latest development for Anubis, Youssef Mohsen in a statement shared that the fresh funds will be deployed towards hiring an international coaching staff, launch thair apparel line, recruit more players to form new teams who could compete on different new fronts, building a fully equipped gaming house and training facility.


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Wajiha Wahab

Part of the editorial team at LAFFAZ, Delhiite by birth, Wajiha possesses a keen interest in reading about startups, accumulating information and presenting the same to the audience impressively.
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