Buildnow raised $9.4 million in Seed funding co-led by Raed Ventures and Khwarizmi Ventures, with participation from international VC’s and key local angels, including Abdulla Elyas (co-founder of Careem).
Amount Raised
$9.4 Million
Round Type
Seed
Saudi ArabiaConstructionInvestors
Description
Buildnow, MENA’s first 'Build Now, Pay Later' solution, announced a $9.4 million Seed funding round, consisting of equity ($6.5 million) and debt ($2.9 million), co-led by Raed Ventures and Khwarizmi Ventures, with participation from international VC’s and local angels, including Abdulla Elyas (co-founder of Careem). The funding will be used to hire world-class talent to further develop the platform.
Quick answer
Buildnow raised $9.4 Million in a Seed round, dated March 5, 2024. Investors: Abdulla Elyas, Khwarizmi Ventures and Raed Ventures. Buildnow is based in Saudi Arabia.
- How much did Buildnow raise?
- Buildnow raised $9.4 Million in a Seed round on March 5, 2024.
- Who invested in Buildnow?
- Abdulla Elyas, Khwarizmi Ventures and Raed Ventures are named as investors in this round.
- What does Buildnow do?
- Buildnow is a Saudi Arabia-based proptech startup launched in 2022, providing a 'Build Now, Pay Later' platform for construction materials procurement.
- Where is Buildnow based and how big is it?
- Buildnow is based in Saudi Arabia.
Source: Fundz verified event record.
Who else raised in Construction around the same time
Companies in the same sectors as Buildnow that raised within 45 days of this round, from Fundz verified event records.
- HSR Camas Woods P2 raised an undisclosed amount on April 15, 2024.
- HSR Paradise 4/5 Excavation raised an undisclosed amount on April 15, 2024.
- BOXABL raised $3.2M (Seed) on April 13, 2024.
- SKYX Platforms raised $1M (Seed) on April 11, 2024.
- Garden of Joy raised $10K (Seed) on April 11, 2024.
- Pengyou Tate Bend raised $12M on April 10, 2024.
Who to call at Buildnow, and when
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