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Floward raises $27.5 million in Series B

Floward raises $27.5 million in Series B
Kuwait-based flowers and gifts marketplace Floward, has raised $27.5 million in a Series B funding round led by STV with participation from Impact46.
Established in 2017 by Abdulaziz B. Al Loughani, Floward offers fresh-cut flowers coupled with gifts and other products sourced from local and international brands with same-day delivery schedules.
The startup claims that it has seen over 10x growth in 2020, adding that its revenues during the first 100 days of 2021 surpassed full-year 2020 earnings.
Press release
Floward, the go-to online flowers and gifts delivery destination in the MENA region announced today it has raised USD 27.5 million in Series B funding round led by STV with participation from Impact46. ....

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Floward cements its leading market position with a series B $27.5 million funding round

Floward cements its leading market position with a series B $27.5 million funding round
By: Times News Service
Floward, the go-to online flowers and gifts delivery destinationin the MENA region announced today it has raised USD 27.5 million in Series B funding round led bySTV with participation from Impact46.
Established in 2017 by Founder and CEO AbdulazizB. Al Loughani, Floward is a full-fledged e-commerce solution that offers prime fresh-cut flowerscoupled with gifts and products from local and international brands with same day delivery.This fragmented sector has traditionally been largely dominated by brick and mortar shops with almost no presence online, giving Floward the opportunity to become the market leader in the MENA region. ....

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Kuwait's Floward start-up raises $27.5m in STV-led funding round

Online florist and gift-delivery business says revenue in first 100 days of 2021 surpassed annual sales levels for 2020 ....

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Floward: the Kuwaiti flower start-up looking to bloom in the UK

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Picking the UK as the first country outside the Gulf to expand his online flower delivery business was a natural step for Kuwaiti entrepreneur Abdulaziz Al Loughani.
First set up in 2017, Floward has grown into a $30 million (£21.64m) business with its annualised revenue soaring 1,400 per cent between January 2020 and 2021 - when the rest of the world was grappling with the economic fallout from the Covid-19 pandemic - and its transactions surging 1,200 per cent.
Mr Al Loughani, who spent a year of his high school education in London and completed his MBA in the city, expanded his venture to the UK in November last year after spotting the potential the market offered his business. ....

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Floward launches in Al Madinah Al Munawwarah

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