Jamalon raises $10-mn in Series B funding


March 19, 2019 | By Rupkatha B

Jordan-based online book retailer Jamalon – founded by Ala’ Alsallal – has raised “over $10 million” during the first leg of its Series B funding round.

The funding, reportedly, comes from Wamda Capital, followed by Aramex and new investments from Anova Investments, 500 Falcons and Endeavor Catalyst, among others.

The capital raised will be used to “increase the reach of Arabic books across the globe,” and scale Jamalon’s publish-on-demand (POD) service, which enables publishers to bring their out-of-stock titles back in-stock by producing copies on demand, while also letting new authors test the market by publishing a few copies initially.

To read more: https://www.entrepreneur.com/article/330306

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