Soum Inc.
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Soum Inc. - overview
Established
2021
Location
Riyadh, -, Saudi Arabia
Primary Industry
Internet
About
Founded in 2021, and based in Riyadh, Saudi Arabia, Soum Inc. operates a re-commerce marketplace in the MENA region. The company was founded by its CEO, Fahad Al Hassan, Fahad Albassam, and Bader Almubarak. In March 2022, Soum Inc.
raised USD 4 million in seed funding led by new investor Outliers Venture Capital, with participation from another new investor, Khwarizmi Ventures, and individual investors. A Soum operates an e-commerce platform where users in Saudi Arabia can buy and sell used electronic products. As of 2022, the company’s platform is available as an iOS mobile application and can also be accessed through a browser as a web application. The company plans to use the March 2022 funding to further support its platform and market expansion efforts.
Current Investors
Khwarizmi Ventures, Outliers Venture Capital, Al Rajhi Capital
Primary Industry
Internet
Sub Industries
Internet
Website
www.soum.sa
Verticals
E-commerce, Mobile Apps
Company Stage
Series A
Total Amount Raised
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