Nile Raises $175 Million

Nile is a platform specifically designed for startups and entrepreneurs to connect, collaborate, and grow their businesses. The platform uses advanced technology to analyze user profiles, interests, and goals, and then suggests relevant connections. Nile’s curated community, intelligent matching algorithm, diverse networking channels, and offline events create a unique networking experience that promotes meaningful connections and collaboration.

Nile has raised $175 million in a new round to fund its efforts to build a Cisco competitor. The new round, co-led by March Capital and Saudi Arabia’s sovereign wealth fund, Sanabil Investments, also attracted corporate investors including the venture capital arms of Saudi Telecom Company and Liberty Global.

Nile, San Jose, California, United States, was founded in 2018 by former Cisco Systems executives John Chambers and Pankaj Patel. “For this Series C round, we felt it important to raise funds with strategic partners who are committed to driving Nile into the Middle East and working with their partners on bringing Nile deeper into Europe,” noted Pankaj Patel. “It’s this desire for strategic investment that led us down the path of pursuing equity over debt.”

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