Press Release

Morgan Lewis Advises on Series A Financing of Dubai eCommerce Business

April 09, 2019

Morgan Lewis has advised the investors in the $30 million Series A financing of, an ecommerce company headquartered in Dubai that offers a range of products across the United Arab Emirates.

The financing is jointly led by StonePine ACE Partners out of its StonePine ACE Fund—a joint venture between StonePine Capital Partners and ACE & Company SA—and Al Faisaliah Ventures, the corporate ventures capital arm of Al Faisaliah Group. The deal is being co-invested in by investment group Endeavor Catalyst.

Morgan Lewis partner Philip Dowsett in Dubai led the team advising the consortium. Partner Ayman Khaleq and associates Joanna ElKhoury and Nasma AlSabe were also on the team.

Read more about the financing here.