• Egypt-based waste management platform Mrkoon has raised bridge funding from A Ventures that would increase the fund's stake in the startup to 28%.
• Founded in 2022 by Mohamed Shalabi, Ahmed Mamdouh, and Ahmed Amir, Mrkoon allows enterprises, especially in industry and manufacturing, to offload surpluses and scraps through a B2B platform.
• This funding will enable Mrkoon to carry on its regional expansion, with active plans to enter the GCC.

• A Ventures is an Egypt-based investment and portfolio management firm founded in 2024 and led by Sherif Ramadan and Ayman Abbas.

Press release:

A Ventures, a leading investment and portfolio management firm led by Sherif Ramadan (CEO) and Ayman Abbas (Chairman), has reinforced its commitment to Mrkoon, a pioneering digital marketplace for scrap and surplus materials, by following up its initial pre-seed investment with a new bridge round. This latest investment underscores A Ventures’ confidence in Mrkoon’s exponential growth, operational impact, and its potential to transform a traditionally fragmented industry. 

Since launching, Mrkoon has processed thousands of transactions, helping businesses unlock hidden value in their surplus materials. The platform has facilitated the trade of over 10,000 metric tonnes of scrap and surplus, saving businesses an average of 20% in procurement and disposal costs. With a rapidly growing user base and a 15% average month-over-month revenue growth, Mrkoon is reshaping how industries manage their waste and excess inventory. 

Building on a Strong Partnership 

Founded by Mohamed Shalabi (CEO), Ahmed Mamdouh (COO), and Ahmed Amir (CTO), Mrkoon is disrupting an industry worth billions in the MENA region with its tech-driven marketplace. By eliminating middlemen, ensuring pricing transparency, and streamlining transactions, Mrkoon is solving long-standing inefficiencies in a market that has remained largely untouched by digital transformation. 

“Since our initial investment, we’ve seen Mrkoon grow its business by 20x and expand its footprint across key industrial hubs,” said Sherif Ramadan, CEO of A Ventures. “Our decision to double down on our investment reflects our belief in the team’s execution, the market’s untapped potential, and the platform’s ability to scale beyond Egypt. With this additional funding, we’re not just backing a startup—we’re fuelling a digital revolution in a multi-billion-dollar industry.”

Accelerating Expansion to the GCC 

Mrkoon is now preparing for regional expansion, with active plans to enter the GCC, where the scrap and surplus materials market exceeds $150 billion. With an increasing demand for digitised supply chain solutions in the region, Mrkoon is perfectly positioned to capture a significant share of this market. 

“We’re thrilled to have A Ventures reaffirm their trust in us,” said Mohamed Shalabi, CEO of Mrkoon. “Their support extends far beyond capital—it’s about strategic partnerships, market insights, and a shared vision. With this new investment, we’re scaling faster, improving our technology, and expanding into new markets, starting with the GCC.” 

With over 500 verified sellers, 6000+ scrap traders, a 95%+ transaction success rate, and a rapidly expanding network across multiple industries, Mrkoon continues to drive financial returns for businesses while reinforcing sustainability efforts. 

A Vision for a More Structured, Impact-Driven Market 

A Ventures’ investment aligns with its broader strategy of disrupting fragmented industries, introducing structure, and generating measurable impact. Mrkoon’s model not only optimises supply chains for businesses but also contributes to the circular economy by reducing waste and repurposing valuable resources.