02 Sep, 2009
SeenReport raises Series A VC Funding
Posted by: yaser In: Entrepreneurship| Startups| journalism
In my previous post about our first sale I highlighted the fact that there are 5 major stages a Startup has to go through to be called successful; Initial Hardships, Recognition, Sales (or devising a good enough business model), Raising Money (Angel investment or at later stages Venture Capital) and going public/getting acquired.
I am excited to announce another big news about SeenReport (pvt.) Limited. We have raised Series A VC funding from Al-Janabi Group (A prominent International Venture Capital Firm). With this step SeenReport joins a very small list of Pakistani Startups who have raised VC money. The capital injection takes overall worth of our startup to several million dollars.
It has been really tough throughout this time period, as in Pakistan there is absolutely no platform where one could raise Angel Investment let alone VC Funding. This really is a milestone for a Pakistani Startup and we believe that this will mark a new era taking Pakistan’s name to the next level where internationally people would start taking Pakistani Startups more seriously and may be more opportunities open up for Venture Capital injection. Pakistan would start to get even more attention for being a place where innovative work is being done. Hopefully this will also encourage many other young Entrepreneurs who are struggling to make an impression or thinking about starting their own business.
The series A investment will really help us in taking SeenReport’s platform to a new level where we would be able to make an even better impression on MainStream Media by promoting Life Streaming, Freedom of Expression, Citizen and Process Journalism and involving technology in bridging the gap between Internet, mobile users and common people across the globe.
Note: If you are a blogger, running your own portal, an influential person or a young Entrepreneur, we would appreciate if you take this Pakistani success story ( the Startup that started from zero and became a multi million dollar company), propagate it and tell Pakistani people that we can do it. We are not terrorists; we are the flag bearers of innovation. All you need is passion and you can go out and change the world. Spread the word
PS: The official Press Release (Click Here)
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