A Ventures has strengthened its commitment to Mrkoon, a pioneering digital market for scrap and surplus materials, by increasing its stake from 20 percent to 28 percent. The investment firm followed up on its initial pre-seed backing with a bridge round, reinforcing its belief in Mrkoon’s potential to transform the waste management and industrial surplus sector.
This move signals A Ventures’ confidence in the platform’s growth trajectory and its ability to scale beyond Egypt into the Gulf Cooperation Council (GCC) region.
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Digitising a fragmented market
Mrkoon is tackling one of the most inefficient markets, scrap and surplus trade, by introducing technology-driven solutions. The platform has processed thousands of transactions and facilitated the exchange of over 10,000 metric tons of scrap, helping businesses optimise supply chains while reducing waste. By eliminating middlemen, ensuring price transparency, and streamlining procurement, Mrkoon is bringing much-needed structure to an industry that has remained largely untouched by digital transformation.
“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,” said Sherif Ramadan, CEO of A Ventures. “With this additional funding, we’re not just backing a startup—we’re fueling a digital revolution in a multi-billion-dollar industry.”
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Expanding into the GCC: A strategic leap
With this fresh capital infusion, Mrkoon is gearing up for an aggressive regional expansion, with active plans to enter the GCC. The region presents a massive opportunity, with a scrap and surplus materials market valued at over $150 billion. Businesses in the GCC are increasingly seeking digitised supply chain solutions, making it a prime market for Mrkoon’s innovative platform.
“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.” said Mohamed Shalabi, CEO of Mrkoon.
With a rapidly growing network of over 500 verified sellers and 6,000+ scrap traders, Mrkoon is not only driving financial value for businesses but also reinforcing sustainability efforts. By reducing industrial waste and repurposing valuable resources, the platform is playing a crucial role in advancing the circular economy.