Sary, Saudi Arabia’s hottest digital B2B marketplace has raised a whopping investment of $75 million in Series C. This came to be after raising $30.5 million in Series B during May of this year – safe to say it’s been a fruitful year for Sary!
The round was led by financial investment company that’s owned by the Public Investment Fund (PIF), Sanabil Investments, in addition to participation from Wafra International Investment Company, Endeavor Catalyst, STV, MSA Capital, Rocketship.vc, VentureSouq (VSQ), as well as Ra’ed Ventures.
It’s noteworthy to mention that Sary was co-founded back in April of 2018 by ex-Careem GM, Mohammed Aldossary and Khaled Alsiari to be the medium and connecting point between MSMEs and a large pool of manufacturing brands and wholesalers in order to secure supportly in an efficient manner that uses high tech; which ultimately assists in reducing the disharmony in the retail-supply chain of the country.
With this most recent investment, the startup has successfully raised a total of $112 million to this date. “We thank our partners, our customers, our team and everyone who has shared our journey of reinventing the wholesale sector.” – The startup shared in a LinkedIn post.
*Image courtesy of Sary’s LinkedIn.
