The company announced a letter to the landlady, digital well-known specialist in the gifting for the closing round of investment the second category ( Per Series A) and $ 3 million Saudi riyals, or the equivalent of 800 thousand dollars, and a value of incubators and accelerators business BIAC fund familiar with the ventures, alongside participation from the company Nayyar and a number of individual investors.
Commented Professor Hatem full, the company’s co-founder and chief executive, said: “the success of this tour confirms the performance of the company and the rapid growth achieved since establishment of the company two years ago, which began in one city down for more than 32 cities in Saudi Arabia, Egypt and Jordan. And evaluation of solutions varied in the gifting of individuals and companies. Which strengthened the company’s position in the interests of the company that is working on developing the best innovative solutions and experiences of gifting in the Arab region. This will help us to invest in raising the capacity of the police and expand the customer base and partners “.
As explained by Mr. Nawaf Al-Sahaf, Chief Executive Officer of incubators and accelerators business, that this investment comes within the strategic plans adopted by the company to enrich the GDP in line with the kingdom’s Vision 2030 bridging the funding gap through driving investment rounds for startups and assist them in the early stages of growth and opening new markets.
On his part, Professor Fares al-Rashed chairman of the board of fund familiar with Vince about his pleasure in contributing to the leadership of this round of investment that comes in accordance with the strategic plans of the fund to invest in digital businesses emerging, indicating that the investment in the company letter, constitutes a good opportunity to support the company’s growth and expand its business.
Platform was the message had been founded at the hands of the partners Hatim full Fouad Al-Farhan in 2016 to deliver a new form in the ways of gifting, has turned its beginning from Jeddah to reach more than 30 Saudi city next to Egypt and Jordan.