A Ventures Announces Its Investment in Mrkoon to Promote Sustainability

• A Ventures Invests in Mrkoon to Digitally Support Scrap and Surplus Materials Trade
• The Deal Follows an Initial Pre-Seed Investment
• The Acquisition Aims to Expand Operations to GCC Markets and Unlock Added Value from Surplus Materials

A Ventures, a prominent investment and portfolio management firm, has announced a new investment in a recent funding round following its initial pre-seed investment in Mrkoon, the digital marketplace specializing in scrap and surplus materials trading.

This announcement came as part of a cooperation protocol between Sherif Ramadan, CEO of A Ventures, and Ayman Abbas, Chairman of Mrkoon.

Rapid Growth and Outstanding Results

Since its launch, Mrkoon has successfully facilitated thousands of transactions, helping businesses unlock added value from surplus materials.

The platform has enabled the trade of over 10,000 metric tons of scrap and surplus materials, leading to an estimated 20% cost reduction in procurement and waste disposal for businesses.

Additionally, Mrkoon has achieved an impressive revenue growth rate of 15% per month on average, underscoring its significant role in reshaping waste and surplus inventory management.

Mrkoon was founded by CEO Mohamed Shalaby, COO Ahmed Mamdouh, and CTO Ahmed Amir, and has successfully introduced a transformative solution in a billion-dollar market across the Middle East and North Africa.

By leveraging technology, the platform streamlines trading processes, eliminates intermediaries, and enhances pricing transparency—addressing long-standing challenges in a sector that has traditionally lagged in digital transformation.

Sherif Ramadan, CEO of A Ventures, highlighted the platform’s remarkable progress:“Since our initial investment, Mrkoon has achieved a 20-fold growth and expanded its operations into key industrial hubs.”

He added: “Our decision to double our investment reflects our belief in the team’s execution capabilities, the immense untapped market potential, and Mrkoon’s ability to scale beyond Egypt.

We are not just backing a startup; we are driving a digital revolution in a multi-billion-dollar industry.”

Expansion into Gulf Markets

With its rapid expansion, Mrkoon is now preparing to enter the Gulf Cooperation Council (GCC) markets, where the scrap and surplus materials sector exceeds $150 billion.

Given the increasing demand for digital supply chain solutions, the platform is well-positioned to capture a significant share of this promising market.

Mohamed Shalaby, CEO of Mrkoon, expressed his enthusiasm for the continued partnership with A Ventures:“We are thrilled by A Ventures’ renewed confidence in us; their support goes beyond financial investment—it includes fostering strategic partnerships, providing valuable market insights, and working towards a shared vision.”

He added: “This new funding will enable us to accelerate our expansion, enhance our technology, and enter new markets, starting with the Gulf region.”

Market Impact and Sustainability

Mrkoon boasts a vast network of over 500 certified sellers and 6,000 scrap traders, with a transaction success rate exceeding 95%.

The platform is not only delivering financial value to businesses but also contributing to sustainability by reducing waste and promoting resource reuse.

A Ventures’ investment in Mrkoon aligns with its broader strategy of restructuring unorganized sectors, introducing digital solutions, and driving economic and social impact.

By optimizing supply chains and supporting the circular economy, Mrkoon is paving the way for a more efficient and sustainable business environment.