FinTech

Dabchy Announces Seven-Figure Fundraising Round

  • Dabchy secured a seven-figure Pre-Series A funding round led by Janngo Capital, with co-investors Renew, Village Capital, and angel investors, including InstaDeep’s founders.
  • Dabchy plans to accelerate its expansion across North Africa and the Middle East by 2026, focusing on Egypt and introducing new categories like Dabchy Men, Home, Sports, Books, and Games.
  • Dabchy’s circular e-commerce platform has over 1.3 million users, pioneering sustainable second-hand fashion in Tunisia and positioning itself as a regional leader in the MENA market.

Dabchy, the pioneering circular e-commerce marketplace focused on fashion and second-hand items in North Africa and the Middle East (MENA), has successfully closed its Pre-Series A funding round, raising a seven-figure amount in US dollars.

The round was led by Janngo Capital, the largest tech venture capital fund advancing gender equality in Africa, recently backed by the Tunisian fund-of-funds Anava. Co-investors included Renew and Village Capital, two US-based funds, alongside prominent business angels, notably the founders of InstaDeep, one of Tunisia’s leading startups.

Supporting Sustainable Fashion and Female Empowerment

Fatoumata Bâ, Founder and Executive Chair of Janngo Capital, emphasized the strategic importance of this investment:

“The apparel sector represents approximately 20% of Tunisia’s GDP, and 80% of the jobs created benefit women, both in Tunis and in rural regions. Dabchy is a true pioneer in driving the sustainable transformation of the apparel industry, enabling growth while enhancing economic, social, and environmental impact. This is why we are particularly proud to lead this funding round, helping Dabchy strengthen its leadership position in the circular economy in Tunisia and accelerate its expansion into Egypt and beyond.”

Dabchy’s Rapid Growth and Regional Expansion Plans

Founded in 2016 in Tunisia, Dabchy is a first-mover in the region’s second-hand fashion market. The platform currently serves 1.3 million users, representing over 10% of Tunisia’s population, and has already expanded to Egypt. With this funding, Dabchy aims to accelerate its growth across North Africa and the Middle East by 2026.

Recognizing the increasing demand for second-hand fashion in Africa—where 80% of clothing and footwear purchases are from the second-hand market—Dabchy is positioning itself as a key player in providing a high-quality and trusted digital thrifting experience.

The company has recently expanded its platform by adding several new categories, including:

  • Dabchy Men – A dedicated section for men’s fashion.
  • Home – Household goods and home decor.
  • Sports – Sporting goods and activewear.
  • Books – Books and reading materials.
  • Games – Video games and board games.

Investor Confidence and Strategic Growth

Ameni Mansouri, CEO and Co-Founder of Dabchy, expressed her excitement about the funding round:

“We are delighted by the confidence our investors have placed in us. This funding will help us accelerate our growth, improve the user experience, and strengthen our presence in North Africa and the Middle East. Our mission is clear: to revolutionize circular e-commerce by combining sustainability with financial performance.”

Supporting Innovation in Resale Fashion

Investors praised Dabchy’s early success and its potential to dominate the circular e-commerce sector in the region. Ashley Maddox, an investor in the round, said:

“Dabchy is making second-hand fashion seamless, digital, and enjoyable. Its early success proves that consumers are seeking smarter and simpler ways to shop. At the heart of this success is Ameni Mansouri, a visionary and dynamic founder who is transforming the way women and men shop for their favorite clothes. I have no doubt that Dabchy will conquer North Africa and the Middle East.”

Future Focus: Logistics, User Experience, and Market Leadership

The fresh capital injection will allow Dabchy to accelerate its regional expansion, improve logistics capabilities, diversify product offerings, and enhance its overall user experience. These improvements will strengthen Dabchy’s position as the leading platform in the growing circular e-commerce sector across MENA.

Dabchy’s business model, inspired by platforms like Vinted, aligns perfectly with global sustainability trends and is driving increasing interest from both traditional and impact-focused investors.

This Pre-Series A round marks a major milestone for Dabchy as it looks to scale its operations further and become the regional leader in circular fashion—delivering both sustainable impact and financial success to consumers and investors alike.

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