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Order raises $1 million pre-Seed round

LATEST NEWS & INSIGHTS

13 Nov 2022

Order raises $1 million pre-Seed round

Order raises $1 million pre-Seed round
  • Saudi Arabia-based SaaS startup Order, has raised $1 million in a pre-Seed funding round, led by several angel investors.
  • Founded in 2020 by Faisal AlAnazi and Essam Mohamed, Order provides technical solutions to restaurants and cafe owners to handle their day-to-day operations in Saudi Arabia and Egypt.
  • The round will help Order increase its market share and enhance its services' innovation and development.

Press release:

Order, a Saudi SaaS startup that provides technical solutions for F&B owners, announced it has successfully raised $1 million In the pre-Seed Funding Round led by several angel investors.

 

This round comes as the company's first steps in increasing its market share and enhancing the innovation and development of its services.

 

Faisal AlAnazi, ORDER Founder and CTIO, commented, "Investors' belief in us is the main motive for us to have continuous development and innovation for the services we provide in the company, which will give us a competitive advantage in the market as our solutions are comprehensive and offer financial freedom to brand owners in this sector."

 

Abdulaziz AlSaeed, Partner and CEO, added, "We are pleased with the confidence and belief of our investors, and we aim to make a qualitative leap in the technology sector, specifically in the F&B market. We also seek to create many job opportunities, in line with our plans to expand in the MENA region by 2025."

 

Essam Mohamed, ORDER Co-Founder, and CTO, commented, "We are happy with this investment, which is an important step for us at the moment. We are also very keen on the quality of the technological services we provide to our customers to align with the sector's needs."

 

Since its launch, ORDER has succeeded in establishing its name as one of the most recognisable service providers in the sector and gaining the trust of its customers. It is also noteworthy that ORDER has successfully processed over 600 thousand orders through the platform.

 

Order is a leading company that believes in the importance of technical solutions and how they can help restaurants and cafe owners handle their day-to-day operations. Order offers its services in both Saudi Arabia and Egypt. After studying the challenges experienced by investors and entrepreneurs in the food and beverages industry, "F&B," Order offers a solution that relies on the use of the SaaS model to facilitate the management of day-to-day operations in their projects. Starting from receiving customer orders, integrating with points of sale, and finally, managing home delivery.

 

It's noted that Order is one of the Saudi SaaS startups established in 2020 and was based in Riyadh until it expanded in a short time and launched another headquarters in Cairo to meet its customers' needs.

 

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