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# Egypt-based furniture and home supplies marketplace Homzmart raises $23 million in funding
- URL: https://www.techloy.com/egypt-based-furniture-and-home-supplies-marketplace-homzmart-raises-23-million-in-funding/
- Published: 2022-08-01T14:42:12.000Z
- Updated: 2022-12-07T22:25:51.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: E-commerce, Egypt

[Homzmart,](https://homzmart.com/en/) an Egypt-based furniture and home supplies marketplace has raised $23 million in its Series B funding round to improve its operations. 

- The fund will be used to improve its product, expand its services, and develop its logistics offering, the startup claims.
- Homzmart evolved from connecting brands and manufacturers with customers in the Arab World to a scalable marketplace.
- The startup expanded to Saudi Arabia earlier this year and is now making up to 25-30% of the total business volume from the region.
- STV, Impact46, Outliers Ventures, Rise Capital, and NUWA Capital invested in the round, bringing the home goods startup to $40 million in total funding.