VNX Exchange, a Luxembourg-based asset-backed token issuance platform, announced today a new offering – the syndication of an investment round into Sprii.com, one of the fastest-growing e-commerce platforms in the Middle East, by Luxembourg VC fund 2be.lu.
This USD 2.5 million offer on VNX, is a part of the USD 7.5 million new funding round of Sprii. As a part of the round, Luxembourg-based VC fund 2be.lu, a long-standing investor of Sprii, subscribes to the convertible notes issued as a part of the new financing round and offers financial investors an opportunity to join the investment through VNX platform.
“We help lead investors to syndicate deals on the platform, increasing the amount of money they deploy in the deal. Financial investors, on the other hand, have access to a unique deal flow of professional investors.”
– Alexander Tkachenko, CEO and founder, VNX Exchange
An award-winning online shopping platform for mums and kids products, Sprii operates in the Middle East and was founded by exceptional female entrepreneur, Sarah Jones, in Dubai in 2014.
The company offers more than 90,000 authentic products from over 3,000 global brands for its 1 million loyal customers in the UAE, Saudi Arabia, and Kuwait.
Sprii has successfully raised over USD 14 million in previous funding rounds. The new funding will be used to further expand its operations to Bahrain, Oman, and Qatar.
“We are excited that 2be.lu has joined the latest round of Sprii and it’s great to see the emergence of new investment platforms making it easier for investors to participate in the funding of high growth startups around the world.”
– Sarah Jones, Founder & CEO of Sprii
Launched in November 2019, VNX allows issuance of digital assets (a token issued and recorded on the blockchain) backed by income deriving from equity and debt-based instruments.