SOKNA Closes $1 Million Funding Round – My Startup World

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SOKNA, the Egypt-based company that offers end-to-end funeral services to honor the deceased and ease the process for their families, has closed a $1 million funding round with participation from major regional and international funds.

Investors include Silicon Valley-based Mentors Fund, SBX Capital, ACE & Company and Kabnoury Ventures, in addition to a cohort of highly strategic angel investors, including Onsi Sawiris (co-founder and managing partner of HOF Capital based in New York), Dr. Khaled AlMutabagani from Saudi Arabia, Ahmed Sadek El Sewedy and Farouk Kadous from ElSewedy Family Capital, Hisham Halbouny (Mansour Capital Partner based in London), Mo El-Bibany (Founder and General Partner of Page One Ventures), Youssri Helmy (founder and CEO of ITWorx, CEO of Si-Ware), Mostafa Amin (co-founder and CEO of Breadfast), as well as senior executives from tech giants Google, Facebook and Twitter, and other leading angel investors.

“With this new funding and the incredible group of partners who have joined us, we are ready to expand across the country and be able to support more families during the difficult times of grieving their loved ones,” said Ahmed Gaballah, founder and CEO of SOKNA. “As a mission-driven team, we always have our ‘why’ front and center: allowing people to focus on the farewell rather than the paperwork, and honoring departing souls and their families by relieving the logistical pain of those moments.”

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