Tech Company Financing Transactions
Pylon Funding Round
Pylon, operating out of Sheikh Zayed, secured $8.5 million in investment from Conversion Capital, Fifth Wall Ventures and private investors.
Transaction Overview
Company Name
Announced On
12/5/2022
Transaction Type
Venture Equity
Amount
$8,500,000
Round
Seed
Investors
Conversion Capital (Lead Investor) (Christian Lawless)
private investors (Peter Thiel)
Proceeds Purpose
The round will accelerate Pylon's product development and recruitment efforts, propelling its mission to enable enterprises including FinTechs, PropTechs, banks, and retail brands to build mortgage lending into products in weeks instead of the years it would take to build a digital lender from the ground up.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
Galleria 40 26th of July Corridor
Sheikh Zayed, Undisclosed
Giza
Sheikh Zayed, Undisclosed
Giza
Phone
Website
Email Address
Overview
Developer of an infrastructure management software designed to provide end-to-end solutions for emerging market's utility management challenges. The company's software offers a comprehensive utility management technology that caters to the needs of emerging markets, covering all aspects of loss reduction, load management, and revenue collection, enabling water and electricity distribution companies to tackle the utility management challenges in a simplified way.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ahmed Ashour
Chief Technical Officer
Omar Radi
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