Moroccan eyewear startup LNKO has secured an undisclosed equity investment from Egypt-based Beltone Venture Capital to support its expansion across Africa.
Founded in 2020 by Maha Bennani, LNKO offers stylish and affordable eyewear through a fully digitized value chain. The company has served over 100,000 customers, operates 10 retail locations in Morocco, and maintains a robust online presence across 24 countries.
The investment from Beltone Venture Capital aligns with LNKO’s strategy to broaden its reach across the African continent. The company plans to leverage this funding to enhance its operations and make high-quality, stylish eyewear accessible to a wider customer base.
Maha Bennani, CEO and Founder of LNKO: “We’re thrilled to welcome Beltone Venture Capital as our partner in this next phase of growth across Africa. With their strong track record in supporting successful D2C startups, we are confident that this collaboration will accelerate our vision of making high-quality, stylish eyewear accessible to even more people across the continent.”
Ali Mokhtar, CEO of Beltone Venture Capital: “This equity investment in LNKO marks a key milestone in our African expansion strategy. By partnering with LNKO, we’re backing a visionary company with immense growth potential. Their innovative approach to eyewear and commitment to community empowerment align perfectly with our mission to support transformative businesses across the region.”
This investment underscores the growing interest in the African eyewear market and highlights LNKO’s potential to lead in providing accessible and stylish eyewear solutions across the continent.
Read more on Tech Gist Africa:
Chari, a B2B e-commerce startup in Morocco, has raised $1.5 million
PrestaFreedom, a startup offering home services in Morocco, has secured US$1.1 million in funding
