Tech Company Financing Transactions

Omniful Funding Round

Omniful, operating out of Nakheel, Riyadh, secured $5.9 million in funding from VentureSouq, 500 Global and Al Nafea.

Transaction Overview

Company Name
Announced On
12/5/2023
Transaction Type
Venture Equity
Amount
$5,850,000
Round
Seed
Proceeds Purpose
We started out with a vision to rebuild the technologies that are currently used, and will be used in the future for supply chain, hyperlocal omni-channel retail and e-commerce operations. This required us to rethink basically every feature on a first principle basis, absolutely focused on four pillars: speed, accuracy, scale and efficiency.

Company Information

Company Status
Private & Independent
Industry
EdTech
Mailing Address
2398 Jabal Abhar
Nakheel, Riyadh, 12395
KSA
Phone
Undisclosed
Email Address
Overview
Omniful is an enterprise software-as-a-service (SaaS) company focused on retail technologies. The company provides a suite of products to power and enable the next generation of retail. Omniful is poised to make a big impact in the industry. The company's founders and the team are committed to enabling omnichannel retailers, D2C brands, and fulfillment providers to thrive in a highly competitive and continuously disrupted commerce space. Empowering local businesses to utilize state-of-the-art tech of hyperlocal retail is at the core of the company's mission.
Profile
Omniful LinkedIn Company Profile
Social Media
Omniful Company Twitter Account
Company News
Omniful News
Facebook
Omniful on Facebook
YouTube
Omniful on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Mostafa Abolnasr
  Mostafa Abolnasr LinkedIn Profile  Mostafa Abolnasr Twitter Account  Mostafa Abolnasr News  Mostafa Abolnasr on Facebook
Chief Technical Officer
Alankrit Nishad
  Alankrit Nishad LinkedIn Profile  Alankrit Nishad Twitter Account  Alankrit Nishad News  Alankrit Nishad on Facebook


 

 

Browse more venture capital transactions:

Prev: 12/5/2023: sipMARGS venture capital transaction
Next: 12/5/2023: EnCharge AI venture capital transaction

 

Share this article

 


Where The Data Comes From

We do our best to report on every notable VC transaction. All VC database entries on this site are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary