Saudi Contech Startup Fitting Secures $500,000 Pre-Seed Funding
Saudi Arabian construction technology (contech) startup, Fitting, has successfully closed a $500,000 pre-seed funding round. This investment, led by an undisclosed angel investor, will propel the company’s growth and allow it to solidify its presence in the burgeoning Saudi construction market. The news comes as a boost to the burgeoning African tech scene as African contech startups are now getting much needed investments.
Streamlining Building Material Procurement Digitally
Founded in 2024 by Ahmed Rian and Abdulaziz Almubayad, Fitting is designed to streamline the procurement process for building materials. The platform acts as a digital bridge, connecting wholesale suppliers, retailers, and real estate developers. This digital approach aims to address inefficiencies within Saudi Arabia’s construction supply chain. The newly acquired funding will be strategically deployed to upgrade Fitting’s technological infrastructure, expand its team with key hires, and establish strategic partnerships within the industry. This investment signifies a crucial step in Fitting’s journey to transform how construction materials are sourced and managed in the Kingdom.
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