Wa’ed announces a SAR 1.9 million venture capital investment in the Saudi-based startup Qreeb, an ISO-certified digital facility management and procurement platform
- Date: 14-Nov-2021
- Source: Eye of Riyadh
- Sector:Financial Markets
- Country:Saudi Arabia
Wa’ed announces a SAR 1.9 million venture capital investment in the Saudi-based startup Qreeb, an ISO-certified digital facility management and procurement platform
Wa’ed, the entrepreneurship arm of Aramco, has announced a SAR 1.9 million venture capital investment in Dammam-based Qreeb, a digital B2B e-procurement and facility management platform aiming to streamline supply chain processes by connecting service providers with clients through a unified traceable communication platform.
The investment in Qreeb will enable the startup to improve its software and management solution, double the volume of vendor transactions made through its website, and expand its operations across the kingdom.