Qreeb, a KSA-based digital B2B e-procurement, and facility management platform raised $506,000 in a seed round led by Wa’ed the entrepreneurship arm of Aramco.
The investment in Qreeb will enable the startup to improve its software and management solution, double the volume of vendor transactions made through its website, and expand its operations across the kingdom.
Company: Qreeb
Raised: $506.0K
Round: Seed round
Funding Month: November 2021
Lead Investors: Wa’ed the entrepreneurship arm of Aramco
Additional Investors:
Company Website: http://www.qreebs.com/
Software Category: Digital B2B e-procurement and facility management platform
About the Company: Founded in 2018 by Abdulaziz Al Abdulkader, Hassan Ikram, and Abdulrahman AlOmair, Qreeb set forth to address the lack of systemized workflow infrastructures that would allow a company’s management to trace and track their procurement orders with vendors. Through their consolidated, customizable platform Qreeb enables buyers to access and select the services of three pre-qualified service providers for facility management, and 125 vendors for the e-procurement or supply chain needs, on its customizable platform, optimizing workflow efficiency by reducing procurement risks, operational expenses, and time wasted communicating with each vendor independently.
Source: https://magnitt.com/news/qreeb-506k-seed-round-53019