SoumTech

Active

Online auction platform for real estate, vehicles, special licence plates, movable assets and art

Riyadh, Saudi ArabiaFounded 2022

PropTechE-Commerce

Seed

SoumTech calls itself the 'National Platform for Auctions' and runs electronic and hybrid auctions in Saudi Arabia. It was licensed by the Entrustment and Liquidation Center (Infath) and the General Authority for Real Estate. In June 2023 it closed an online land auction of 381 plots with sales above SAR 600 million.

Founders

Khalid Al-Dossary

CEO

Funding Rounds

UndisclosedSep 2023

Investors: BIM Ventures

Investors: BIM Ventures.

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