Egyptian Startups Instabug And Drofie Go Global, Raising Funds From International Investors
From Accel Partners' Medium post
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If there ever was any uncertainty around the acceptance of Egypt as a growing entrepreneurship hub, a few recent developments are likely to put it to rest. Even as the world watched Egyptian entrepreneur Mai Medhat appear on a panel discussion alongside US President Barack Obama and Facebook CEO Mark Zuckerberg at the Global Entrepreneurship Summit, two Egyptian startups Instabug and Drofie made significant financial headway with their enterprises by raising funds from international investors.
Instabug, a startup that facilitates seamless bug reporting and in-app feedback for mobile apps, has raised US$1.7 million in a round led by Silicon Valley’s Accel Partners and other angel investors including Amr Awadallah, co-founder, Cloudera, and Jim Payne, founder and CEO, MoPub. According to a statement, Instabug plans to utilize the funds to offer “full scale solutions to help mobile apps engage with beta users and production users,” and to grow its new San Francisco office. Launched in 2013 as a basic SDK (Software Development Kit) to help mobile users report bugs in apps by shaking their phones, Instabug’s unique product claims to have reported over 20 million bugs since then, serving over 12,000 mobile apps. The easy-to-use crash reporting system, in-app conversations and data analytic capabilities of Instabug has made it popular among app developers for beta testing and developing user engagement.
Instabug founders with the team of Lyft – a user of Instabug. Source: Instabug’s Facebook page.
a Medium post,
Source: Drofie’s Facebook page.
Kickstart Accelerator,
Labs of Lativa,
Mohamed Ghaith, Founder and CEO, Drofie at LOGIN Startup Fair 2016. Source: Drofie’s Facebook page.
Related: Flat6Labs And Barclays Launch 1864 Accelerator To Focus On Fintech In Egypt
If there ever was any uncertainty around the acceptance of Egypt as a growing entrepreneurship hub, a few recent developments are likely to put it to rest. Even as the world watched Egyptian entrepreneur Mai Medhat appear on a panel discussion alongside US President Barack Obama and Facebook CEO Mark Zuckerberg at the Global Entrepreneurship Summit, two Egyptian startups Instabug and Drofie made significant financial headway with their enterprises by raising funds from international investors.
Instabug, a startup that facilitates seamless bug reporting and in-app feedback for mobile apps, has raised US$1.7 million in a round led by Silicon Valley’s Accel Partners and other angel investors including Amr Awadallah, co-founder, Cloudera, and Jim Payne, founder and CEO, MoPub. According to a statement, Instabug plans to utilize the funds to offer “full scale solutions to help mobile apps engage with beta users and production users,” and to grow its new San Francisco office. Launched in 2013 as a basic SDK (Software Development Kit) to help mobile users report bugs in apps by shaking their phones, Instabug’s unique product claims to have reported over 20 million bugs since then, serving over 12,000 mobile apps. The easy-to-use crash reporting system, in-app conversations and data analytic capabilities of Instabug has made it popular among app developers for beta testing and developing user engagement.
