ArabCrunch launches social network for Arab entrepreneurs
ArabCrunch.NET will aim to bring together entrepreneurs from the Arab world
ArabCrunch Group, the technology-focused blogging group, has announced the launch of a new social network intended to improve communication among technology companies and entrepreneurs in the Arab World.
ArabCrunch.NET, was launched in private beta yesterday at a press conference in Amman, and will build on the group's ArabCrunch.com technology blog, founded in 2008.
The group also announced that it has closed a round of funding to further group. Lead investor in the round is Bassel Yassine Ojjeh, former senior VP of Yahoo! and a board member of ArabCrunch Group, who has invested an undisclosed sum in the group.
Ojeh commented: "ArabCrunch.NET will facilitate knowledge transfer and enable veterans from Silicon Valley to work with and mentor young talent from the MENA region. We've built ArabCrunch.NET to fuel innovation, create a knowledge based society and an environment for job creation in the region that will serve high tech professionals throughout the 22 Arab countries and the western hemisphere."
"We're thrilled at the opportunity to be the first dedicated group that focuses on accelerating the innovation cycle both here in Amman and throughout the Arab world," said Gaith Saqer, founder of ArabCrunch Group. "Ever since we launched ArabCrunch.com in 2008, we have been committed to finding the most compelling technological innovations that impact the Arab world - this next chapter allows us to help foster collaboration on a scale never seen before in our region. We have built a social platform that connects participants and helps them find crucial resources, build strategic partnerships and promote services."