MakanE Overview

  • Status
  • Acquired/​Merged

  • Employees
  • 240

Employees

  • Latest Deal Type
  • Later Stage VC

  • Latest Deal Amount
  • $25M

  • Investors
  • 1

MakanE General Information

Description

Developer of an eCommerce platform designed to help entrepreneurs in the Middle East build online stores. The company is involved in the business of setting up web and mobile storefronts, accepting payments, connecting clients to logistics and fulfillment providers, and delivering knowledge and support on how to sell online, enabling small and medium enterprises to open and grow online stores.

Contact Information

Website
www.makane.com
Formerly Known As
ShopGo
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Venture Capital-Backed
Corporate Office
  • Pan Gulf Holding 16 - 10th-floor
  • Corniche street
  • Khobar
  • Saudi Arabia
+966 011
Primary Industry
Business/Productivity Software
Other Industries
Media and Information Services (B2B)
Parent Company
Mawdoo3
Vertical(s)
TMT
Corporate Office
  • Pan Gulf Holding 16 - 10th-floor
  • Corniche street
  • Khobar
  • Saudi Arabia
+966 011

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MakanE Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
9. Later Stage VC 15-Feb-2022 $25M Completed Generating Revenue
8. Merger/Acquisition 01-Jan-2020 Completed Generating Revenue
7. Later Stage VC 01-Jan-2018 Completed Generating Revenue
6. Accelerator/Incubator 07-Apr-2016 Completed Generating Revenue
5. Early Stage VC (Series A) 31-Aug-2015 Completed Generating Revenue
4. Early Stage VC 01-Feb-2014 Completed Startup
3. Accelerator/Incubator 07-Aug-2013 Completed Startup
2. Early Stage VC 01-Mar-2013 $500K $500K Completed Startup
1. Seed Round 01-Nov-2012 Completed Startup
To view MakanE’s complete valuation and funding history, request access »

MakanE Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of an eCommerce platform designed to help entrepreneurs in the Middle East build online stores. The company is
Business/Productivity Software
Khobar, Saudi Arabia
240 As of 2024

Boston, MA
 

San Jose, CA
 
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MakanE Competitors (9)

One of MakanE’s 9 competitors is WordStream, a Formerly VC-backed company based in Boston, MA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
WordStream Formerly VC-backed Boston, MA
FirstHive Venture Capital-Backed San Jose, CA
Capillary Technologies Venture Capital-Backed Bengaluru, India
Cartera Commerce Formerly VC-backed Lexington, MA
Loylty Rewardz Private Equity-Backed Mumbai, India
You’re viewing 5 of 9 competitors. Get the full list »

MakanE Patents

  • 17

    Total Documents Applications and Grants

  • Total Patents Families

  • Granted

  • Pending

  • Expiring in next 12 mo

MakanE Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-5214841-A On a printed circuit board Inactive 23-Sep-1992
US-5253414-A For placing surface mount electronic components on a printed circuit board Inactive 21-Jan-1992
US-5251946-A For placing surface mount electronic components on a printed circuit board Inactive 21-Jan-1992
US-5093983-A Machine for mounting electronic components Inactive 19-Dec-1990
US-5113578-A Tool tip assembly for surface mount machine Inactive 29-Nov-1990 H05K13/02
To view MakanE’s complete patent history, request access »

MakanE Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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MakanE Former Investors (9)

Investor Name Investor Type Holding Investor Since Participating Rounds
500 Global Accelerator/Incubator Minority
AdamTech Ventures Venture Capital Minority
Angel (individual) Minority
Angel (individual) Minority
MENA Venture Investments Angel Group Minority
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MakanE FAQs

  • Where is MakanE headquartered?

    MakanE is headquartered in Khobar, Saudi Arabia.

  • What is the size of MakanE?

    MakanE has 240 total employees.

  • What industry is MakanE in?

    MakanE’s primary industry is Business/Productivity Software.

  • Is MakanE a private or public company?

    MakanE is a Private company.

  • What is MakanE’s current revenue?

    The current revenue for MakanE is .

  • How much funding has MakanE raised over time?

    MakanE has raised $25M.

  • Who are MakanE’s investors?

    500 Global, AdamTech Ventures, , , and MENA Venture Investments are 5 of 9 investors who have invested in MakanE.

  • Who are MakanE’s competitors?

    WordStream, FirstHive, Capillary Technologies, Cartera Commerce, and Loylty Rewardz are some of the 9 competitors of MakanE.

  • When was MakanE acquired?

    MakanE was acquired on 15-Feb-2022.

  • Who acquired MakanE?

    MakanE was acquired by Mawdoo3.

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