Middle East and North African music service Anghami has a new backer: the venture capital arm of media group SRMG.
It has announced a $5m investment in the DSP, promising to “bolster Anghami’s growth trajectory through its extensive media reach, content library, and portfolio of leading assets in audio/podcasts”.
The deal will see SRMG taking a seat on Anghami’s board of directors, as well as “the opportunity to increase its investment in Anghami in the future”.
A regulatory filing revealed the details on…
