Electrony.net Raises Early Stage Investment from N2V

28 Apr, 2011

N2V (National Net Ventures), one of the leading Internet Holding in the Middle East, announced its latest investment in Electrony.net, the first specialized startup in consumer electronics reviews in the Arab region.

“The popularity we have achieved in no time proves the dire need for such a project; thus, N2V’s expertise and know-how combined with our ambition will help us build on our success.” said Mohammed Albsimi, Electrony’s CEO.

Electrony.net, a Saudi based startup, has been founded by Mohammed Albsimi in February 2010. It aims to establish the first comprehensive consumer electronics guide in the Arab region. The guide provides reviews, reports and other necessary information to a wide base of users in the Middle East.

N2V (National Net Ventures) is an Internet Holding company, whose core business is to develop online and interactive web-based ventures. N2V invests capital in a variety of ventures from startups to more established companies; it also offers infrastructure, resources, experience and know-how to these companies to accelerate their growth. This is the 4th investment for N2V this year and 5th since it started its investment program. N2V invested before in restaurant social reviews site Qaym Real Estate listing portal AqarMap, gaming portal true-gaming.net and wedding portal Yebab.

ENDS

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