Startup Bangladesh Limited, the flagship venture capital company of the ICT Division, invested in Markopolo Ai, an advertisement automation tool powered by AI. An agreement was signed recently between the organizations in Dhaka to invest 1 crore BDT in the Pre-Series A round.
The agreement was signed in the presence of Startup Bangladesh Chairman & Secretary of the ICT division MD. Shamsul Arefin, Managing Director Sami Ahmed, Head of Portfolio Investment Hasan A. Arif and Tasfia Tasbin, CEO of Markopolo Ai and other stakeholders.
Markopolo Ai is a She Loves Tech Bangladesh winner in 2021.
Markopolo.ai is an AI-powered ad automation tool that helps businesses to manage their paid marketing efficiently all under one dashboard. This omnichannel platform helps businesses gain a deeper understanding of their market and customers. With its advanced machine learning algorithms and data visualization capabilities, it has the potential to revolutionize how companies do their digital marketing and stay ahead of the competition.
Startup Bangladesh Limited is the flagship Venture Capital Company of the ICT Division. Under the visionary guidance of Honorable Prime Minister Sheikh Hasina, Startup Bangladesh, the first and only Venture Capital Fund sponsored by the Government of the People's Republic of Bangladesh, started its journey in March 2020 with an allocated capital of BDT 500 crore. In its effort to enable the nation to innovate faster, Startup Bangladesh has decided to invest 1 crore BDT in Markopolo Ai after recognizing the potential of this startup in the Digital Advertising Industry.
On the occasion, Mr. Zunaid Ahmed Palak MP, State Minister for ICT Division said, "Bangladesh is rapidly becoming the most lucrative market in the region for private equity and venture capital investments in the startup sector, and Startup Bangladesh Limited is making investments in Startups that are advancing our national goals by developing vital and necessary solutions for a Smart Bangladesh. I hope that Markopolo Ai will soon become a key player in solving industry needs and aid in the creation of digital products and services that can be acquired and purchased by all and keep on making a positive impact in building our Smart Economy of the future.”
Markopolo Ai's cutting-edge work is not only praiseworthy but also pivotal for the progress of the industry. With Startup Bangladesh's investment, I am confident that Markopolo Ai will emerge as the frontrunner in revolutionizing the technological landscape. Their potential to make a profound impact in the Smart Bangladesh initiative as a startup is truly remarkable.” mentioned MD. Shamsul Arefin, Secretary, ICT Division and Chairman Startup Bangladesh Ltd.
"At Startup Bangladesh, our goal is to foster a thriving startup ecosystem that empowers innovative ventures to flourish. Markopolo Ai's potential to make a significant impact in the Artificial Intelligence industry cannot be overstated. With our support and the right strategy, I am confident that Markopolo Ai will not only establish itself as a profitable startup within the country but has huge potential to expand beyond borders. I believe they can also serve as a shining example for others in the ecosystem to be encouraged to join in building a Smart Bangladesh together.", said Sami Ahmed, Managing Director, of Startup Bangladesh Limited.
“Our vision is to solve problems. And that is exactly what we do at Markopolo.ai, we solve marketing problems for business owners." We are truly honored to have Startup Bangladesh on board this exciting journey.” said Tasfia Tasbin, CEO of Markopolo Ai.
Startup Bangladesh, in its effort to build a vibrant startup ecosystem that nurtures digitalization, has been investing in the most promising and impactful startups in Bangladesh and has continued that tradition by investing in Markopolo Ai.