COREangelsMEA, a part of the global COREangels International network, has announced an investment in Plain Tiger, an innovative B2B marketplace revolutionizing the hospitality sector. The investment, for an undisclosed amount, follows COREangelsMEA’s fourth investment committee meeting, which took place on July 3rd and saw over 750 startups apply from across the region. After a rigorous selection process, Plain Tiger emerged as the chosen company, with ABAN (African Business Angel Network) co-investing in this funding round.
Founded in 2021 by Alexandra Polson and Oliver Baillie, Plain Tiger connects hotels with eco-friendly suppliers, helping them save time, reduce costs, and lower their environmental impact. The company aims to use this investment to further develop its platform and expand its presence across the Middle East, with a particular focus on the Saudi market.
COREangelsMEA operates with a distinctive investment approach, focusing not only on financial returns but also on generating social impact. Through its partnership with Kemtix Ventures, the venture-building arm of PTS Investments Holdings, COREangelsMEA supports startups beyond just funding. It offers venture development services and mentorship from experienced business angels, known as “Archangels.” This hands-on support helps startups like Plain Tiger scale their operations while mitigating risks for both investors and the businesses.
Maha Mandour, Founding Partner of COREangelsMEA and Executive Chairperson of PTS Investments Holdings, emphasized the importance of investing in startups like Plain Tiger. She noted, “Backing startups that align with our values of sustainability and impact is crucial to driving meaningful change. Plain Tiger presents a strong business case while contributing to a more sustainable future. By investing in them, we are fostering positive impacts beyond just financial returns.”
Plain Tiger’s platform enables hotels to seamlessly adopt sustainable supply chains by providing access to verified eco-friendly suppliers and detailed ESG (Environmental, Social, and Governance) data. This service simplifies procurement for hotels, helping them transition toward sustainability with greater efficiency.
Co-founder and CEO of Plain Tiger, Oliver Baillie, expressed enthusiasm for COREangelsMEA’s investment, stating, “Their support accelerates our mission to innovate and lead in the B2B hospitality sector. With this investment, we are well-positioned to help hotels meet their net-zero commitments by adopting sustainable solutions.” Alexandra Polson, Co-Founder of Plain Tiger, added, “Partnering with COREangelsMEA and their extensive network will be instrumental in achieving our global mission of promoting sustainable production and consumption, particularly as we push forward in the Middle East market.”
Fadilah Tchoumba, CEO of the Africa Business Angel Network, also highlighted the significance of COREangelsMEA’s investment strategy. “COREangelsMEA, under the leadership of Maha Mandour, is redefining angel investing in the MEA region by offering more than just financial support. Their investment in Plain Tiger exemplifies how impactful partnerships can drive sustainable innovation, bridging regional and international markets while fostering the growth of purpose-driven businesses across Africa and beyond.”
Discover the State of Funding in MENA – 2019 to 2023 :
https://assiyaq.com/the-state-of-startup-funding-in-mena-2024-report/ of this month is taking you through the ups and downs of MENA’s startup funding over the last 5 years. If you’re a startup founder, an investor or an ecosystem builder, this is your chance to learn from the past, spot the trends, and write your own success story.
Don’t miss out on knowing the history that could shape our future!
