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Today's Paper | November 17, 2024

Published 26 Jul, 2019 03:03pm

News website Pro Pakistani raises 8-figure funding round

Pro Pakistani, a technology and business news website, has raised an eight-figure funding round from institutional and angel investors.

According to a press release shared by Pro Pakistani on Friday, the exact figure of the investment has been kept confidential.

"The investment places the company’s valuation in the millions of dollars," they said, adding that this was the first investment for the company since it was started in 2008.

Among the investors are: The Interactive Group, Eikon7 and two angel investors — Usman Yousuf and Umayr Abbasi — who along with Shayan Mahmud, will join the founder and CEO of Pro Pakistani Aamir Attaa and Syed Talal on the board of directors.

"It’s a moment of great pride for our team and our community and we will remain focused on our core mission to provide value to our readers," said Attaa.

"We’ve seen unprecedented growth over the last few years and the funding will help us accelerate our expansion plans," he added.

One of the new board members, Abbasi, the Managing Partner at APCO said that it was "really exciting to be part of Pro Pakistani's story".

"I believe this business has great potential to become a template for success in the Pakistani start-up ecosystem. With that being said, we’ve got a long way to go to realise that potential and we’re well aware that the real work starts now," he said.

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