Fadel, a Rye, New York-based provider of enterprise rights and royalty management software, completed a Series B venture funding round of undisclosed amount.
The round was led by Middle East Venture Partners (MEVP) with participation from Kafalat iSME and B&Y Venture Partners.
The funding will be used to:
– foster further expansion – growing the partner ecosystem and strengthening its presence across North America and Europe,
– continue to conduct R&D for its products, and
– add deployment support for new cloud hosting platforms, in addition to Amazon Web Services (AWS).
Founded in 2003 by Tarek Fadel, CEO, Fadel provides cloud-based rights and royalty management software solutions, used by media, life sciences, fast-moving consumer goods, publishing, high-tech and advertising companies. Its marketing cloud technology platform, Rights Cloud™, which is providing content usage risk mitigation and go-to-market acceleration for global, omni-channel marketing campaigns. The IPM Suite™ allows major licensing and publishing companies to monetize their intellectual property and streamline the processing of royalties.
The company also operates offices in New York City, Los Angeles, London, and Lebanon.
FinSMEs
03/01/2019