SILQ, formed by the merger of ShopUp and Sary, has raised US$110 million in funding. This funding will support their growth and expansion efforts.
Amount Raised
$110 Million
Round Type
Funding Round
Investors
Description
SILQ has been created through the merger of ShopUp and Sary, with a significant funding round of US$110 million. The merged entity aims to enhance its market position and expand its services. This capital will be utilized to further develop their offerings and reach wider audiences. The funding demonstrates strong investor confidence in the newly formed company.
Quick answer
Silq raised $110 Million in a Funding Round round, dated April 10, 2025. Investors: Flourish Ventures and Qatar Development Bank.
- How much did Silq raise?
- Silq raised $110 Million in a Funding Round round on April 10, 2025.
- Who invested in Silq?
- Flourish Ventures and Qatar Development Bank are named as investors in this round.
- What does Silq do?
- SILQ is a platform dedicated to bridging economies and empowering businesses to trade, grow, and navigate new frontiers.
- Where is Silq based and how big is it?
- Fundz records about 501 employees.
Source: Fundz verified event record.
Who else raised in Retail around the same time
Companies in the same sectors as Silq that raised within 45 days of this round, from Fundz verified event records.
- Every Half raised $3M (Pre-Series A) on May 25, 2025.
- BlackCarrot raised an undisclosed amount (Pre-Seed) on May 22, 2025.
- Cotopaxi raised $6.2M on May 22, 2025.
- 1- India Family Mart raised $12M (Series D) on May 20, 2025.
- Miraggio raised $6.5M (Funding Round) on May 20, 2025.
- Hocco raised $10M (Series B) on May 15, 2025.
Who to call at Silq, and when
A new round usually means Silq is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Silq raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Silq, from your own LinkedIn network
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Fundz sees it the moment Silq raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Silq 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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