One of the AUC Venture Lab’s newest mentors, Nada El Mosalamy recently invested an undisclosed amount in online shopping platform, JewelHub after graduating from the accelerator.
El Mosalamy met the co-founders of JewelHub, Haytham Ragab and Mohamed Ebeid when she just began mentoring at the AUC Venture Lab. She expressed how Ragab and Ebeid’s excitement and passion for their company was a huge factor in swaying her to invest.
“It has been a great opportunity to meet JewelHub through my mentoring at AUC Venture Lab. They have been great to work with and help grow. I am very happy with my investment with them so far, and I’m also collaborating with them for my fashion brand, Cool and Comfy by Nadz,” said El Mosalamy in a press release.
The AUC Venture Lab’s newest mentor Nada El Mosalamy has used her expertise to invest in her passion
“We wanted someone interested and passionate about the fashion business as we are,” added Ragab.
The JewelHub team also added that having El Mosalamy as a partner gave their startup a necessary boost in terms of new network connections.
JewelHub is expanding globally, moving into markets in Switzerland and the UK. The company has begun shipping its products internationally after winning second place at Aramex Egypt’s e-commerce website competition.
AUC’s Venture Lab director and endowed chair of entrepreneurship at AUC’s school of business, Ayman Ismail also commented on the investment.”We always welcome AUC alumni to join our network and get introduced to our entrepreneurs who will, in turn, mentor them through their journeys and sometimes even invest in their companies.”
This isn’t El Mosalamy’s first investment as she’s already invested in several successful businesses such as ElWafeyat.com and Reform Studio.
Featured image: Filip Maljković via Flickr