UAE’s pioneering digital storefront management platform Dukkantek has raised $5.2M in a Seed funding round led by Global Founders Capital to drive digital transformation in traditional retail spaces.
The Seed financing was led by Global Founders Capital, with participation from Colle Capital Partners, Wamda Capital, Plug and Play, and Comma Capital. Other strategic investors in the round include Nowais Capital, Annex Investments, and AMK Investment Office.
“The adoption and utility of technology in SMB’s across sectors is accelerating rapidly and Dukkantek is at the forefront of this change in the GCC region. With energetic and driven founders, the Dukkantek team has tackled major issues in a severely underserved section of the market and we want to aid in supercharging the growth of their merchant base. “
~ Victoria Grace, Founding Partner of Colle Capital Partners
This is the first fundraiser of Dukkantek since its formation in January 2021. The company up till now had entirely been bootstrapped by the three Co-Founders.
Dukkantek aims to strengthen local community stores through digital transformations and end-to-end technology that improves all business processes. The store management platform uses an integrated system with cloud-hosted software.
“Dukkantek’s impressive traction and long-term potential are underpinned by a strong team, a full-stack solution, and a comprehensive offering for the merchants they onboard. We are thrilled to lead this funding round and partner with the Dukkantek team to help make their vision a reality and continue our support for high-growth startups in the MENA region”.
~ Mariam Kremer, Partner at Global Founders Capital
This latest capital acquisition enables Dukkantek to continue its efforts in empowering traditional merchants to thrive in a digital world, expand exponentially, and maintain its premium end-to-end technology.