Matic, LLC
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Matic, LLC - overview
Established
2015
Location
Dubai, -, United Arab Emirates
Primary Industry
Internet
About
Matic, LLC delivers effective cleaning solutions tailored for homeowners and businesses in the Middle East, utilizing a mobile app for easy service bookings and management, ensuring operational efficiency and customer satisfaction. Founded in 2015 in Dubai, United Arab Emirates, Matic, LLC provides cleaning services primarily for homeowners and businesses. The company raised USD 3. 00 mn in Series A funding on October 17, 2017, led by Middle East Venture Partners, and has successfully completed 2 deals to date.
The company is helmed by CEO Bassem Malak, while Mohamed Samad is identified as the Founder. Matic Services specializes in comprehensive cleaning solutions for homeowners and businesses throughout the Middle East, focusing on markets such as the United Arab Emirates, Saudi Arabia, Qatar, and Bahrain. Their core offerings include residential and commercial cleaning services, ranging from regular housekeeping to specialized deep cleaning. The company supports customers through an intuitive mobile application that facilitates service scheduling, location selection, and booking management.
Matic's commitment to operational efficiency and customer satisfaction is evident in the positive feedback regarding its services and app functionality. Matic Services employs a direct-to-consumer revenue model, allowing customers to access cleaning services via their mobile application. Users can book cleaning appointments on-demand or set up recurring services, with payments processed at the time of booking through the app. Although specific pricing details are not disclosed, Matic is understood to offer a variety of pricing plans designed to accommodate different service levels and client needs, enhancing value for customers in a competitive market.
Following the recent Series A financing of USD 3. 00 mn in October 2017, Matic, LLC plans to enhance its service offerings and expand into new markets. The company is focused on developing new products aimed at improving user experience and efficiency. Specific target markets for expansion are not detailed, but the funding will be utilized to support initiatives that drive this growth strategy, potentially increasing their presence in the cleaning service sector across the region.
Current Investors
Middle East Venture Partners
Primary Industry
Internet
Sub Industries
Web Applications
Website
www.maticservices.com
Verticals
IoT (Internet of Things), Mobile Apps
Company Stage
Series A
Total Amount Raised
Subscriber access only
Matic, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A | Completed | Matic, LLC | - | ||||||||
| Seed | Completed | Matic, LLC | - |
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Matic, LLC - employee data


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