Funding demonstrates strong investor confidence in Naseeb’s vision, technology and market traction
Naseeb Networks, a leading provider of online social networking, recruitment, classifieds and related services in Pakistan, today announced that it has secured Series B financing from two pre-eminent Silicon Valley venture capital firms, Planet Ventures (ePlanet) and Draper Fisher Jurvetson (DFJ). Naseeb will use the funding to accelerate its growth and leadership position in target markets by investing in sales force and marketing expansion and enhancing its product portfolio.
“We have seen strong growth in user metrics and financial receipts across our portfolio of online services,” said Monis Rahman, Founder and CEO of Naseeb Networks. “This funding round provides growth capital and domain expertise from two clear leaders in global venture capital, which will enable us to further dominate our target markets and seize emerging market opportunities.”
I think this is the biggest achievement for Naseeb Networks, especially because they have executed well and attracted foreign investors into Pakistan at the worst possible time in the country’s political history. I am extremely proud of working in Naseeb Networks
More details can be found on the company’s official website http://www.naseebnetworks.com/press.html