Tech Company Financing Transactions
Rewaa Funding Round
Rewaa, based in Riyadh, secured $27 million from Wa'ed Ventures, Abdulrahman Sulaiman Al Rajhi & Sons Investment Company and Derayah VC.
Transaction Overview
Company Name
Announced On
8/30/2023
Transaction Type
Venture Equity
Amount
$27,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to expand operations and its business reach.
Company Information
Company Status
Private & Independent
Industry
ECommerce
Mailing Address
3259 Anas Ibn Malik Road Al Malqa
Riyadh, 13522
SA
Riyadh, 13522
SA
Phone
Undisclosed
Website
Email Address
Overview
Rewaa aims to make penetrating through the e-commerce industry easier for retailers with minimal operational and marketing costs by solving two main challenges: Marketing challenges: Rewaa software helps merchants to list their in-store products in multi online sales channels. Operational challenges: The integration between physical stores, e-store, and online marketplaces sync all sales channels inventory to eliminate the need for separating inventory for each sales channel. Also, Rewaa provides the software to help merchants to be able to receive online orders through the Point of Sale system in the physical stores and ship from the nearest store to merchants' customers.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Mohammed AlQasir
Chief Operating Officer
Abdullah AlJadhai
Chief Technical Officer
Amr Ali
Browse more venture capital transactions:
Prev: 8/30/2023: SatSure venture capital transaction
Next: 8/30/2023: AI21 Labs venture capital transaction
Share this article
Where The Data Comes From
We do our best to report on every notable VC transaction. VC transactions reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs