Snoonu raises $5m in a Series A investment round

Doha-based e-commerce startup, Snoonu has raised $5m in a Series A investment round led by its strategic partner, Qatar Development Bank (QDB) along with the participation from multiple investors.

This investment is one of the largest Series A funding rounds closed by a Qatari startup and will enable Snoonu to rapidly expand its operations across the region. In line with Snoonu’s mission to diversify and enhance its offering to become a comprehensive services app, the newly raised funds will be utilized mostly in R&D for new products, and to support Snoonu’s regional expansion plans.