Tech Company Financing Transactions
Omniful Funding Round
Omniful, operating out of Nakheel, Riyadh, secured $5.9 million in funding from VentureSouq, 500 Global and Al Nafea.
Transaction Overview
Company Name
Announced On
12/5/2023
Transaction Type
Venture Equity
Amount
$5,850,000
Round
Seed
Investors
Proceeds Purpose
We started out with a vision to rebuild the technologies that are currently used, and will be used in the future for supply chain, hyperlocal omni-channel retail and e-commerce operations. This required us to rethink basically every feature on a first principle basis, absolutely focused on four pillars: speed, accuracy, scale and efficiency.
Company Information
Company Status
Private & Independent
Industry
EdTech
Mailing Address
2398 Jabal Abhar
Nakheel, Riyadh, 12395
KSA
Nakheel, Riyadh, 12395
KSA
Phone
Undisclosed
Website
Email Address
Overview
Omniful is an enterprise software-as-a-service (SaaS) company focused on retail technologies. The company provides a suite of products to power and enable the next generation of retail. Omniful is poised to make a big impact in the industry. The company's founders and the team are committed to enabling omnichannel retailers, D2C brands, and fulfillment providers to thrive in a highly competitive and continuously disrupted commerce space. Empowering local businesses to utilize state-of-the-art tech of hyperlocal retail is at the core of the company's mission.
Management Team
Title
Name
Email & Social
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