$55M
Undisclosed
- Lebanon
- December 17, 2024
Lebanon-founded music streaming app Anghami Inc. secured a $55 million funding round from OSN Group, including ..Read More
Lebanon-founded music streaming app Anghami Inc. secured a $55 million funding round from OSN Group, including $12 million in an initial investment through a convertible note programme. OSN+, owned by Kuwait Projects Company Holding (KIPCO), merged with Anghami in April, acquiring a 55.45% majority stake. This investment aimed to accelerate the growth of both Anghami and OSN+, supporting the expansion of their content libraries. In March 2024, Saudi Arabia's MBC Group acquired a 13.7% stake in Anghami, which went public on the US NASDAQ last year.
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