NorthLadder, a UAE trading platform, has secured a $10 million convertible note

NorthLadder, a UAE-based digital trading marketplace for used electronics, has raised $10 million in a convertible note sponsored by venture capital firm CE-Ventures, with participation from other investors. The funds will be used to improve the company’s technology platform, grow internationally, and reinforce current B2B partnerships.

Sandeep Shetty, co-founder and CEO of NorthLadder, said in a statement, “With this current round of funding, we hope to further improve our talent base and expand our market reach in numerous countries, including the UAE and Saudi Arabia.” According to MAGNiTT, NorthLadder has served over 30,000 consumers, has over 500 dealers across three countries, and over 200 trade-in locations.