Anghami Inc Asset Profile

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Year established

2012

Location

Abu Dhabi United Arab Emirates

Primary Industry

Software

About

Based in Abu Dhabi, United Arab Emirates, and founded in 2012 by Elie Habib and Eddy Maroun, Anghami Inc., a.k.a. Anghami operates as a software company that focuses on developing and providing a music streaming platform that enables users to play and download Arabic and international songs. The company is publicly listed on Nasdaq under the ticker symbol ANGH. In January 2013, Anghami FZ-LLC raised venture funding from MBC Ventures. Anghami provides a music streaming platform accessible on various devices, including mobile phones, tablets, desktops, laptops, cars, speakers, gaming consoles, wearables, and smart TVs. Users can stream music through the web player or download dedicated apps for iOS, Android, Windows, and macOS. The platform supports integration with CarPlay, Android Auto, PlayStation, and Chromecast. Anghami allows users to control their music from wearables and cast it to smart TVs, enhancing the listening experience across different environments. The service also includes options for artists, podcasters, advertisers, and corporate offers, catering to diverse user needs.

Current Investors

Samena Capital, Endeavor Catalyst, Middle East Venture Partners

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Primary Industry

Software

Sub Industries

Music & Video Streaming Software, Application Integration Software

Website

www.anghami.com

Verticals

Cloud Computing, Mobile Apps

Total Amount Raised

Subscriber access only

Deals

Deals Type
PIPE

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	Anghami Inc	21 Mar 2024

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