Fortis secures $20M in Series A funding led by Opportunity Venture (Asia)
Apr 17, 2024•over 1 year ago
Amount Raised
$20 Million
Round Type
series a
Investors
Opportunity Venture (Asia)
Description
Fortis, a retail tech and fintech solutions provider tailored for SMEs, has successfully completed its Series A funding round, raising $20 million in investment led by Opportunity Venture (Asia). This funding marks a significant milestone in Fortis’ journey as it embarks on a mission to revolutionize the retail tech and fintech landscape in the Middle East and North Africa region.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech