BUSINESS

FADEL Completes Series B Financing to Fuel Continued Growth

FADEL, an innovator of enterprise rights and royalty management software, today announced it has completed its Series B venture funding round. The funding round was led by Middle East Venture Partners (MEVP) and joined by Kafalat iSME and B&Y Venture Partners. They will use th funding to foster further expansion. In fact, it will help with growing the partner ecosystem and strengthening FADEL’s footprint across North America and Europe. Additionally, it will provide continued research and development for its products and add deployment support for new cloud hosting platforms. This will be in addition to its Amazon Web Services (AWS).

FADEL’s solution portfolio includes a marketing cloud technology, Rights Cloud. Rights Cloud is changing the game in the advertising production landscape. For one thing, they provide content usage risk mitigation and go-to-market acceleration for global, omni-channel marketing campaigns. Additionally, IPM Suite continues to help major licensing and publishing companies to monetize their intellectual property and streamline the processing of royalties.

Statements

Tarek Fadel, Founder and CEO of FADEL made the following statement: 

We are excited to be working with such a professional and globally minded team of investors. The company has seen significant growth since our first investment round, including building a network of global value-add technology partners, resellers and system integrators. Our goal is to continue to expand and strengthen our routes to market by adding new partners into our programs and to continue to expand our presence in the Advertising, Media and Publishing verticals.

Riyad Abou Jaoudeh of MEVP also released a statement:

We view FADEL as a thought leader in the enterprise rights and royalty management space and believe in the value of their solutions to drive increased licensing revenues and mitigate licensing copyright exposure, which is why we continue to invest in their growth.

Bassel Aoun of Kafalat iSME made the following statement:

In addition to these offerings, we are attracted to FADEL’s dynamic team, proven industry track record, and an impressive roster of clients. Their unique cloud-based solutions, which are deployed across large enterprises on a global basis, offer tremendous opportunity for continued growth.

B&Y Venture Partners’ Fadi Bizri also made a statement:

B&Y’s mission is to invest in visionary companies aiming to create new markets or transform existing ones, which is why we are thrilled to partner with MEVP and Kafalat iSME in backing FADEL. The company’s innovative products are poised for tremendous success and we look forward to the journey ahead with this team of thought leaders.

Further Information

Fadel website.

For EDM Business and more on Electronic Dance Music check out OneEDM.

ONEEDM
the authorONEEDM