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MDD raised $26.6 million in a Series A funding round to enhance its capabilities in supply chain and procurement management

PRIVATEMay 19, 2024

Amount Raised

$26.6 Million

Round Type

Series A

RiyadhSupply Chain ManagementLogistics

Investors

Individual Investor

Description

Saudi-based MDD successfully concludes its Series A funding round, raising $26.6 million. The funding round signifies a significant milestone for MDD, showcasing investor confidence in the company’s vision and potential. With this investment, MDD is poised to further enhance its capabilities in supply chain and procurement management, driving innovation and growth in the sector.

Quick answer

MDD raised $26.6 Million in a Series A round, dated May 19, 2024. Investors: Individual Investor. MDD is based in Riyadh, Riyadh Region, Saudi Arabia.

How much did MDD raise?
MDD raised $26.6 Million in a Series A round on May 19, 2024.
Who invested in MDD?
Individual Investor is named as investors in this round.
What does MDD do?
Your Tech partner in supply Chain management and procurement.
Where is MDD based and how big is it?
MDD is based in Riyadh, Riyadh Region, Saudi Arabia.
Who are the decision-makers at MDD?
Fundz holds 1 contact at MDD. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Supply Chain Management and Logistics around the same time

Companies in the same sectors as MDD that raised within 45 days of this round, from Fundz verified event records.

  • Conduit raised $37M (Series A) on June 30, 2024.
  • LogShare raised $2.4M (Seed) on June 17, 2024.
  • ketteQ raised $1.9M on May 31, 2024.
  • shipzero raised $8.6M (Series A) on May 27, 2024.
  • GoodShip raised $8M (Series A) on May 16, 2024.
  • Celcius Logistics raised $4.8M (Series B) on May 14, 2024.

Who to call at MDD, and when

A new round usually means MDD is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day MDD raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at MDD, from your own LinkedIn network

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Company Information

Company

MDD

Location

Riyadh, Riyadh Region, Saudi Arabia

About

Your Tech partner in supply Chain management and procurement. Who is going to governing and change the concept of supply chain beyond your expectation in term of services and solutions.

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment MDD raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

MDD raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.