Marn, a Riyadh, Saudi Arabia-based HRTech startup that provides flexible work solutions, closed $1 million in post-seed funding.
The round was led by Sukna Ventures, with participation from Almajdia Investment and several angel investors.
The new investment will allow Marn to expand its team and customer base as well as create more opportunities for job seekers.
"With the tremendous growth of the local economy, there is a need for providing innovative recruitment solutions to keep up with it," said Mohammad AlSabeeh, Founder and CEO of Marn. "We are working at Marn to build the necessary infrastructure for the future of work through integrating recruitment and employee management solutions with fintech, insurance, and professional training solutions which ultimately makes the platform a one-stop-shop for businesses and employees that ensures everyone has equal opportunities in the changing landscape of work around the world."
Marn employs its advanced technology, utilizing AI and machine learning to provide highly-effective recruitment solutions as Saudi’s first flexible work platform.
The platform enables businesses to meet their staffing needs efficiently while ensuring business continuity while offering young workers unique work experiences that help them build out their professional careers and learn basic skills that are required to enter the labor market and gain extra income. The
Round: Post-Seed Round
Funding Month: February 2023
Lead Investors: Sukna Ventures
Additional Investors: Almajdia Investment
Company Website: https://marn.io/
Software Category: Flexible Working System
About the Company: Founded by Mohammad Al Sabeeh and Albaraa AlGhefaili, Marn is an hourly work solutions platform connecting Saudi businesses with thousands of Saudi job seekers in Retail, hospitality, F&B, and Hajj industries. Marn enables businesses to hire hourly staff to manage customers during peak hours and high seasons. It currently serves 26 cities in Saudi and has served over 300 companies in various sectors, including listed companies such as Saudi Ground Services, Elm, Alsaif Gallery, and other leading companies in their respective industries such as Ritz-Carlton, Al-Khuzama Group, and Abdullah Al-Othaim Investment Company. The platform has created over 50,000 different job opportunities in the past years, while the number of registered job seekers has exceeded 350,000 individuals distributed across different cities throughout the Kingdom.