Omniful, a UAE- and Kingdom of Saudi Arabia (KSA)-based supply chain and e-commerce enablement startup, has emerged from stealth with $5.85 million in seed funding.
The round was led by VentureSouq, with participation from 500 Global, DASH Ventures, Jahez Group, SEEDRA Ventures, Bunat Ventures, Hala Ventures, RZM Investments, and several family offices.
Founded in 2013, VentureSouq is a venture capital firm for global early-stage technology businesses. Based in Dubai, United Arab Emirates, the firm seeks to invest in early-stage technology companies operating in the agriculture tech, environmental tech, food tech, fintech, enterprise software, health tech, food tech, and digital media sectors.
Omniful Use of Funds
The startup aims to expand its customer base in other parts of the world, including Africa and India, where it has a research and development center.
Omniful is a B2B SaaS startup that specializes in e-commerce and omnichannel retail technology solutions with a focus on real-time inventory visibility and performance analytics. The company provides a suite of products to power and enable the next generation of retail. Omniful offers systems for ordering, warehouse management, and transport management, enabling merchants to tap hyperlocal and omnichannel commerce and manage their orders and inventory efficiently. The company’s mission is to enhance the speed and accuracy of order fulfillment and throughput for organizations of all sizes.
Company: Omniful, Inc.
Round: Seed Round
Funding Month: December 2023
Lead Investors: VentureSouq
Additional Investors: 500 Global, DASH Ventures, Jahez Group, SEEDRA Ventures, Bunat Ventures, Hala Ventures, RZM Investments
Company Website: https://www.omniful.com/
Software Category: E-Commerce & Omnichannel Commerce Software