By Mohamed Alaa El-Din
Eventtus is currently negotiating with a number of foreign investment funds specialised in investment in start-ups, to receive funding in return for non-controlling shares of the company.
An official at the company said one of these funds is located in Germany.
According to the official, the investment is set to expand the company’s services in the Arab region. He further noted that he expects the company to complete the investment deal before the end of 2015.
Eventtus offers services for organising exhibitions, conferences and parties through a smartphone application, for a profit margin of $200 to $850, based on the size of the event and the attendance rate.
Eventtus has previously received funds from Vodafone Ventures and KI Angel fund over the last two years.