Saudi-based Sabbar Closes $4M Pre-Series A
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Saudi-based tech startup and staffing platform Sabbar has successfully raised $4M in their latest funding round. This pre-Series A round was led by STV with the participation of previous backers Derayah VC and SEEDRA Ventures.
Launched in early 2019, Sabbar is working to streamline the $11Bn temporary staffing market in MENA through its ingenious hiring and staffing platform. With careful vetting and a user-friendly interface, Sabbar is able to deploy on-demand blue-collar talent to businesses within a 60-min window from the request time and maintain a fulfillment rate reliability of 98%.
Understanding the complexity of hiring and staffing blue-collar workers in high turnover industries such as retail, hospitality, and entertainment, Sabbar aims to streamline this lengthy process for its businesses. By taking care of the HR processes and integrating analytics technology at the back-end, Sabbar has been matching businesses with high-quality flexible staff on its platform. Believing in the potential of this startup and the capabilities of the team, STV partner, Ahmad Alshammari highlights “We're proud to back Mohamed, Abdul Rahman, Afnan and the Sabbar team. Sabbar is redefining the resume. By aggregating the labor pool, identifying flexible work opportunities, and removing friction from the matching process, Sabbar is unlocking greater economic value for both workers and businesses.”
Since its launch, Sabbar has been able to achieve a monthly growth rate of 40%, fulfilling shifts for over 150 customers such as IKEA, Toys "R" Us, Domino’s Pizza, and Tamimi Markets. With a data-driven approach and more than 70,000 users on their registration waiting list, they're taking on the challenges of a post-pandemic demand for talent as founder and CEO Mohamed Ibrahim concludes "We are thrilled with this new investment which would give us the required funding to accelerate our growth plans and tap into new sectors. With more sectors recovering from the pandemic, the need for quality workers is becoming challenging every day. We proud ourselves by building a platform that aligns with the Future of Work and providing economic opportunities for both businesses and workers."
Sabbar is on a mission to fuel the growth of the gig economy in the region. With this newly acquired fund they plan to grow their solution and expand their scope to service more industries such as warehousing, logistics, and tourism.
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