National Net Ventures (N2V), one of the prominent 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.
“We have a great team with individuals who are passionate about new technologies and gadgets. We are working hard to accomplish our goal of creating the most comprehensive and complete guide to consumer electronics in this region,” Albsimi explained.
Rashid Al Ballaa, N2V CEO, stated, “This is the fourth investment announcement we have declared since the beginning of 2011 and it comes as part of our strategy to support promising regional startups and entrepreneurs. N2V will provide Electrony.net with the necessary tools and resources to help them expand and reach bigger markets.”
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.
Notes and media contacts
About N2V:N2V 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.
Media contact:
Nada Zaitoon
Communication Manager
N2V (National Net Ventures)
Tel: +962 79 66 27 8 26
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