Anghami, the largest music streaming platform in the Middle East and North Africa, recently reached an incredible milestone of 1.4 million users and a $220 million fundraising round. Established in 2012 in Abu Dhabi, this service has since become the go-to platform for music lovers throughout the region. This article will give an overview of Anghami’s profile, accomplishments, and future plans.
Background of Anghami
Anghami is a music streaming platform headquartered in Abu Dhabi, United Arab Emirates. Established in 2012 by Eddy Maroun and Elie Habib with the mission to provide easy access to music for people throughout Middle East and North Africa, Anghami initially launched in Lebanon but soon expanded across the region. Their library includes both local and international artists with features like personalized playlists, artist recommendations, and downloading music files.
Anghami is owned by Rotana Group, an Abu Dhabi-based media and entertainment company renowned for its role in Arab music. Led by CEO Elie Habib and CTO Paul Papas who both possess extensive expertise in these industries, Anghami also boasts an impressive advisory board comprised of executives from Apple, Google, and Microsoft.
Anghami’s Achievements
Since 2012, Anghami has made remarkable progress. The platform now boasts over 1.4 million users and 35 million tracks in its music library. Attracting users from across the Middle East and North Africa, with more than half coming from Saudi Arabia, United Arab Emirates, and Egypt alone – it truly has achieved great success!
Investors have taken notice of Anghami’s success. Recently, it raised $220 million in its latest fundraising round with investments from Saudi Arabia’s Public Investment Fund, Mubadala Investment Company and other regional investors – marking the largest funding round ever raised by a regional music streaming platform and testament to its potential.
Anghami’s Expansion Plans
Anghami has big ambitions for the future. Recently, they announced that they will be expanding their services to include video streaming and podcasting, as well as launching an artist-focused platform called “Anghami Plus”. Furthermore, they intend to use funds raised during their latest fundraising round to expand these capabilities further and reach more users across Middle East and North Africa.
Anghami also plans to expand its content library with more music from both local and international artists. Recently, they announced a partnership with Universal Music Group that will grant them access to more than one million tracks from the label’s global roster of artists.
Conclusion
Anghami, based in Abu Dhabi, has seen tremendous success over the years. With more than 1.4 million users and an extensive music library of 35 million tracks, Anghami is the largest streaming platform for Middle Eastern and North African music fans. Furthermore, their success was recently reinforced by their recent $220 million fundraising round which will enable them to further develop their services and content library.
