Mozzaik GmbH (“Mozzaik” or the “Company”) successfully closed its fundraising with a family office-backed growth investor. The investment enables Mozzaik to speed up expansion of its product portfolio, scale online marketing activities, enter new geographies as well as further enhance processes and IT.
Founded end of 2017, Mozzaik operates a comprehensive mobile and online shop for authentic ethnical & Muslim food and non-food FMCGs, mainly targeting the MENA population living across Europe. Within months, Mozzaik has evolved as the number one player in the European market by combining German accuracy and execution with a unique understanding of the Arabic/ Muslim language, habits, culture and mentality. As of today, a dedicated team of >40 people are working at the Company’s headquarters in Wuppertal/ Germany handling more than 15,000 orders each month.
For Ribal Dib, CEO and Founder of Mozzaik GmbH, the transaction is an important milestone in the Company’s development: “Following an intense search for the right partner who understands our market, set-up and growth perspective, we are very happy to join forces with the new investor. There is a highly underserviced target group in Europe, namely: people with MENA background. It is my strong ambition to make Mozzaik the predominant online and mobile shop for MENA people in Europe and beyond, helping them to feel their ‘home so close’.”
ox8 Corporate Finance acted as exclusive financial advisor to Mozzaik GmbH.
About Mozzaik (www.mozzaik.shop)
Mozzaik GmbH was founded in 2017 with the goal of becoming Europe´s #1 e-commerce platform for ethnical & Muslim food and non-food FMCGs. Mozzaik targets customers of MENA region descent whose needs are fully neglected and underserviced by established market participants today. Based on a strong understanding of the culture, mentality, and language, Mozzaik is very well positioned to profit from this large and strongly growing market. As of today, a dedicated team of >40 people are working at the company’s headquarters in Wuppertal/ Germany.
About ox8 Corporate Finance (www.ox8-cf.com)
ox8 Corporate Finance is an independent corporate finance boutique founded in 2018 by experienced M&A specialists. Corporate finance advisory services are offered with a focus on M&A as well as Growth Capital in the Software/ Saas, Digital Commerce, Technology/ IT services and Healthcare sectors. The team has an excellent international network to financial investors and strategic buyers. ox8 Corporate Finance has offices in Frankfurt am Main and Aschaffenburg.
