Egypt's SubsBase Closes $2.4M Seed Led by Global Ventures for Subscription Management
Egyptian subscription-management platform SubsBase has closed a $2.4 million seed round led by Global Ventures. The cloud platform helps recurring-revenue businesses manage collections, billing and analytics. Investors included HALA Ventures, P1 Ventures and Plug and Play.
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SubsBase operates a cloud-based subscription, recurring-revenue and billing-management platform aimed at the MENA region, giving businesses collection, operational, analytics and billing tools. The $2.4 million seed round was led by Global Ventures, with participation from HALA Ventures, P1 Ventures, Plus Venture Capital, Plug and Play, Ingressive Capital and Camel Ventures, plus existing investors Falak Startups and Arzan Venture Capital.