Intella, MENA’s first real-time intelligence provider, has announced a $1 million seed financing round, led by Hala Ventures, with participation from Falak Startups, powered by the Egyptian Ministry of International Cooperation and its venture capital arm, Egypt Ventures. The funding has also attracted broad participation from other investors, such as Beyond Capital and a number of esteemed angel investors.
Commenting on the announcement, Co-founder and CEO of Intella, Nour Altaher, said: “We are thrilled to begin this new chapter of Intella’s journey. This investment will strongly cement our growth strategy and give us the opportunity to support various organizations by gaining clearer insights into the markets in which they operate. With the help of such funding, we will be able to attract the best calibres and expand on the platform’s technology and current offerings by launching a Platform as a Service (PAAS) and developing new AI-based predictive analytic tools. This will ultimately help Intella ramp up its capacity to capture 1.2M+ data points per day, while growing its panellist engagement platform to reach 500K verified users.”
