CAIRO - 12 June 2022: The Omnichannel conversational AI and digital assistants tool, DXwand, announced Sunday the closing of its pre-Series A investment round of $1 Million, led by Huashan Capital, and with commitments from angel investors Mohsen Abulleil and Ahmed Bakeer. US-based VC firm SOSV, the earliest investor in DXwand’s seed round, has also supported the due diligence and syndication of this fundraising round as part of its strong belief in the company’s success. DXwand was one of the first investments for SOSV in MENA; the positive experience led to more than a dozen investments in the region,” SOSV General Partner, Oscar Ramos, said. DXwand will be using this investment to accelerate its growth across the region, expand its market share and accelerate its AI research to further differentiate its solutions in the market. “We’re most grateful to our investors for their continuous support and trust in us,” said Ahmed Mahmoud, Founder and CEO at DXwand.
