Saudi WheeKeep closes $8 million Series A round
Summary
Saudi Arabia-based logistics startup WheeKeep has raised an $8 million Series A funding round, led by the American investor Fintech Collective, along with other local and international investors. Founded in 2020 by Sultan Alolayan, Amr Almarzouki, and Youssuf Fayez, WheeKeep provides mobile self-storage units tailored for both individuals and businesses. The new capital infusion will fuel WheeKeeps expansion plans in the Saudi market and beyond.WheeKeep, a Saudi-based company specialising in self-storage solutions, has announced the closure of its series A investment round, worth SAR 30 million ($8 million), led by the American investor Fintech Collective.Also, the round saw participation from both domestic and international investors.This infusion of capital is poised to fuel WheeKeeps expansion plans in the Saudi market and beyond.Established in 2020, WheeKeep provides mobile self-storage units tailored for both individuals and businesses.These units boast weather-resistant security and technology features. The companys suite of services includes delivery and retrieval options, as well as the provision of essential products and tools to customers throughout the storage or transportation process.