Tunis, February 18, 2025 – Dabchy, the pioneering circular e-commerce marketplace for second-hand fashion and goods in the Middle East and North Africa (MENA) region, announces the successful closing of a pre-Series A funding round – a substantial seven-figure investment that ranks as the third largest by an international venture capital firm in Tunisia over the past two years. The round was led by Janngo Capital, Africa’s largest gender-equal tech VC fund, recently backed by the Tunisian Fund of Funds ANAVA, alongside strategic co-investors, including the American venture funds Renew Capital and Village Capital. Several committed business angels also participated, including Karim Beguir, the founder of InstaDeep, one of Tunisia’s most renowned startups.
“The apparel market accounts for about 20% of Tunisia’s GDP, and 80% of the jobs created are for women, located both in Tunis and hinterland. Dabchy is truly a pioneer in the sustainable transformation of the whole apparel sector, enabling it to accelerate its growth while improving its economic, social, and environmental impact. That is why we are particularly proud to lead this funding round to help Dabchy strengthen its position as a leader in the circular economy in Tunisia and accelerate its expansion into Egypt, and soon beyond,” says Fatoumata Bâ, Founder and Executive Chair of Janngo Capital.
“Today’s investment marks a pivotal moment for Dabchy,” said Ameni Mansouri, CEO and co-founder of Dabchy. “We are thrilled by the confidence our investors have shown in us. This funding will accelerate our growth, enhance our user experience, and enable us to expand our reach across North Africa and the Middle East. Our commitment remains clear: to revolutionize circular e-commerce by merging sustainability with strong financial performance.”
With 80% of the clothing and shoe purchases in Africa coming from second hand goods, Dabchy, the market is massive, but finding quality items can be a challenge. Dabchy is changing the game – bringing the thrill of thrifting straight to people’s phones. The Tunisia-born platform has already signed up 1.3 million people – more than 10% of the nation’s population – proving that convenience, style, and sustainability can go hand in hand. Dabchy benefits from a First Mover Advantage in its native Tunisia and has expanded to Egypt, with plans to expand across North Africa and the Middle East in 2026.
This funding will allow Dabchy to accelerate its geographic expansion, enrich its offerings, and solidify its position as a leader in sustainable e-commerce in the region. The company has already expanded its catalog by introducing highly anticipated new categories, such as Dabchy Men, a section dedicated to men’s fashion, as well as categories like Home, Sports, Books and Games.
“Dabchy is driving a much-needed change in the fashion industry by promoting circular fashion and empowering individuals to monetize their wardrobes,” said Karim Ben Fadhel, Head of Investment Ecosystem Development at Renew Capital. “Their community-focused platform makes sustainable fashion more accessible and affordable while contributing to a more conscious and connected future.”
The company’s rapid growth across Tunisia proves that demand is real, its marketing, logistics, and technology platform has scaled accordingly, and the marketplace is the ultimate circular fashion, underscoring the start-up’s appeal to both impact-driven and traditional investors alike.
With this fundraising, Dabchy reaffirms its ambition to become the leading circular e-commerce platform in the region, inspired by successful models like Vinted, by offering a responsible and accessible alternative for consumers looking to reduce their environmental impact.