Salla raised $130M in a Pre-IPO funding round co-led by Investcorp and Sanabil, with the participation of STV as the largest investor.

Mar 07, 2024•almost 2 years ago

Amount Raised

$130 Million

MakkahCrmSaasE CommerceSoftware

Investors

StvSanabilInvestcorp

Description

Salla, a leading SaaS e-commerce enabler in Saudi Arabia, raised $130 million in a Pre-IPO funding round co-led by Investcorp and Sanabil, with the participation of STV as the largest investor. This new investment represents a milestone in Salla’s journey and a testament to the platform’s monumental impact on the regional e-commerce ecosystem.

Company Information

Company

Salla

Location

Makkah, Makkah Region, Saudi Arabia

About

A leading SaaS e-commerce enabler in Saudi Arabia, providing a comprehensive SaaS solution integrated with over 400 applications, empowering merchants to seamlessly build their e-commerce websites, manage inventories, process payments, and fulfill orders.

Related People

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Funding Insights

Based on industry data

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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