Salasa raises $8.6 million in Series A
Saudi Arabia-based e-commerce enablement startup Salasa, has raised $8.6 million (SAR 32 million) in a Series A round, led by AlSulaiman Group, with participation from Saudi Venture Capital Company (SVC) and 500 Startups.
The company plans to deploy the new capital to expand its services across Saudi Arabia and the Gulf, grow its team and grow its network of partners.
“We are excited to have partnered with leading investors in the region and look forward to their valuable advice and support in backing our growth. Our ongoing strategy is to maintain transparency, be flexible in our services and able to scale our business to the next level. We would like to replicate this in all the markets we establish,” said Abdulmajeed Alyemni, co-founder and CEO of Salasa.