Mon, 2022-02-07 13:25
RIYADH: Saudi delivery startup BARQ has secured $4 million in a seed round.
The money will be used to expand the firm’s geographic footprint in the Kingdom and diversify its product offerings.
The round was led by early stage venture capitalists OTF Jasoor Ventures, and Hambro Perks Oryx Fund — a Middle East and North Africa-focused investment fund according to Magnitt.
Sultan Holding, Saudi Venture Capital Co., family offices, and angel investors have also participated in as well.