Mithu raised $500K in pre-seed funding led by Adaverse to streamline loyalty program management for restaurants and cafes in Saudi Arabia.
Amount Raised
$500,000
Round Type
Pre-Seed
RiyadhRetailInvestors
Description
Mithu, a loyalty platform aggregator focused on the food and beverage industry in Saudi Arabia, has secured a $500,000 pre-seed investment from Web3 venture builder Adaverse. This funding aims to enhance Mithu's gamified app, which addresses the adoption challenges of loyalty programs in the region.
Quick answer
Mithu raised $500,000 in a Pre-Seed round, dated August 20, 2024. Investors: Adaverse. Mithu is based in Riyadh, Riyadh Region, Saudi Arabia.
- How much did Mithu raise?
- Mithu raised $500,000 in a Pre-Seed round on August 20, 2024.
- Who invested in Mithu?
- Adaverse is named as investors in this round.
- What does Mithu do?
- Mithu is at the forefront of the digital commerce revolution, pioneering an aggregated and gamified loyalty platform powered by the innovative web3 technology.
- Where is Mithu based and how big is it?
- Mithu is based in Riyadh, Riyadh Region, Saudi Arabia.
- Who are the decision-makers at Mithu?
- Fundz holds 1 contact at Mithu. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Retail around the same time
Companies in the same sectors as Mithu that raised within 45 days of this round, from Fundz verified event records.
- Furnishka raised $3.2M (Pre-Series A) on October 3, 2024.
- Augmodo raised $5.3M (Seed) on October 2, 2024.
- Homage raised an undisclosed amount (Funding Round) on October 1, 2024.
- ClayCo Cosmetics raised $2M (Series A) on October 1, 2024.
- Zitcha raised $10M (Series A) on September 30, 2024.
- Movêu raised $550K (Seed) on September 28, 2024.
Who to call at Mithu, and when
A new round usually means Mithu is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Mithu raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Mithu, from your own LinkedIn network
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Related People
Mithu raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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