Zid
ActiveA SaaS e-commerce enablement platform that lets merchants build and run online stores with integrated payments, shipping, POS, inventory, and marketing tools.
Zid (legally 'Al-Qudrah Al-Taqniyah for Technology and Communication Company', CR 1010365366) is a Riyadh-based Saudi e-retail enablement platform founded in 2017 by Sultan Al-Asmi and Mazen AlDarrab. It serves 13,500+ merchants across Saudi Arabia, the UAE, Kuwait, Oman, Bahrain, Egypt and Syria, and has processed over SAR 10 billion in sales for more than 15 million customers.
Founders
Funding Rounds
Lead: IMPACT46
Investors: IMPACT46, Wa'ed Ventures, Endeavor Catalyst
Investors: IMPACT46, Wa'ed Ventures, Endeavor Catalyst.
Lead: Global Ventures
Investors: Global Ventures, Elm, Arzan VC
SAR 26 million; USD figure as printed by Wamda/Khaleej Times. Also: https://www.khaleejtimes.com/business/zid-raises-7m-in-series-a-funding-led-by-global-ventures https://magnitt.com/news/zid-series-a-funding-52570 Confidence: confirmed (round 13, Wamda).
Lead: Elm
Investors: Elm, MSA Capital, Arzan VC
Company called it a 'Pre-Series A'; led by the VC arm of Elm, with China's MSA Capital, Kuwait's Arzan VC and unnamed angels. Tracxn lists it as Seed at $2.27M (likely a SAR conversion artefact); primary source says $2M. Also: https://tracxn.com/d/companies/zid/__xu1Ob2DOOlXwEwgRQLgpw-FPMxdhxOF5SB-4savnhiA Confidence: confirmed (round 13, MENAbytes).
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