Fueling Growth in Digital Waste Management
Egypt-based investment firm A Ventures has raised its stake in Mrkoon, a B2B waste management platform, to 28% through a bridge funding round. This investment strengthens A Ventures’ commitment to Mrkoon’s expansion and operational growth. Additionally, more so as the startup prepares to scale into the Gulf Cooperation Council (GCC) region.
Founded in 2022 by Mohamed Shalabi (CEO), Ahmed Mamdouh (COO), and Ahmed Amir (CTO), Mrkoon is transforming waste management. It is doing so by providing businesses in industry and manufacturing with a streamlined platform. This platform helps them to trade surplus materials and scrap efficiently.
Revolutionizing the Scrap and Surplus Market
Mrkoon is tackling inefficiencies in the multi-billion-dollar waste management industry by eliminating middlemen, ensuring pricing transparency, and digitizing transactions. Moreover, the platform has already processed over 10,000 metric tonnes of surplus and scrap. In effect, this is helping businesses save an average of 20% on procurement and disposal costs.
With a rapidly growing user base and an impressive 15% month-over-month revenue growth, Mrkoon is reshaping how businesses manage excess inventory while contributing to the circular economy.
A Ventures’ Growing Confidence in Mrkoon
A Ventures, founded in 2024 and led by Sherif Ramadan (CEO) and Ayman Abbas (Chairman), initially invested in Mrkoon during its pre-seed round. Now, with this additional bridge funding, A Ventures is doubling down on its support, recognizing Mrkoon’s potential for exponential growth.
“Since our initial investment, we’ve seen Mrkoon grow its business by 20x and expand its presence across key industrial hubs,” said Sherif Ramadan, CEO of A Ventures. “This investment isn’t just about capital—it’s about fueling a digital revolution in a traditionally fragmented industry.”
Accelerating Expansion into the GCC
With a strong foundation in Egypt, Mrkoon is now gearing up for its regional expansion into the GCC, where the scrap and surplus materials market is valued at over $150 billion. The increasing demand for digital supply chain solutions in the region presents a massive opportunity for Mrkoon to capture a significant market share.
“A Ventures’ continued support goes beyond funding—it’s about strategic partnerships, market insights, and a shared vision,” said Mohamed Shalabi, CEO of Mrkoon. “With this investment, we’re improving our technology, expanding into new markets, and scaling our platform faster than ever.”
Driving Sustainability and Business Growth
With over 500 verified sellers, 6,000+ scrap traders, and a 95%+ transaction success rate, Mrkoon is not just about financial returns—it’s also a key player in sustainable waste management. By helping companies repurpose valuable materials, Mrkoon is contributing to a more circular and eco-friendly economy.
For A Ventures, this investment aligns with its broader strategy of disrupting fragmented industries and creating lasting impact. By backing Mrkoon, the firm is supporting a platform that optimizes supply chains, boosts business efficiency, and promotes sustainability.
With regional expansion on the horizon, Mrkoon is poised to become a leading force in digital waste management across the MENA region.
