Exclusive advisory to Mozzaik on a growth financing round
Ribal Dib
With the backing of a family office investor, Europe’s leading B2C e-commerce shop for ethnic and Muslim products will accelerate expansion and strengthen its market position.
October, 2020. 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.
| Mandate: | Growth Capital |
| Client: | Mozzaik GmbH (Germany) |
| Investor: | Family Office Investor (Germany) |
| Transaction: | Growth Financing |
| Volume: | Not public |
