By Mohamed Alaa El-Din
Eventos Company is negotiating to obtain an investment surge from a foreign investment fund. According to a source at the company, Eventos is undergoing negotiations with a number of foreign investment funds that specialise in supporting investments in emerging companies. The source added that they aim to obtain an investment surge in exchange for non-executive stakes, adding that one of these funds is based in Germany.
According to the source, the aim of the current investment surge is to expand the company’s services in the Arab region, adding that the deal is to be sealed by the end of this year.
Eventos offers services in organising exhibitions, conferences and concerts via a Smartphone app, and for a profit margin of between $200 and $850, based on the size of the event. Eventos has previously obtained funding from Vodafone Ventures and Kia Angel over the past two years.