RIYADH — 15 March 2018: Saudi startup Wasel Lee have succesfully raised a $133K SEED round from three individual investors. The logistics platform which was founded in 2017 helps users to request food supply, special services, daily supplies, mail receipt and many great features that serve the customer and deliver it at the time that suits them and in the fastest time. There has been many successful startups in this sector and this announcement represents a great step forward for the Saudi Arabian logistics industry.
The platform, which is one of the projects incubated by Badir Program for technology incubators and accelerators at Abha Incubator, plans to use the funds to introduce new products and features, and further develop its technology and grow its team in the southern Saudi region of Jizan.
Commenting on the investment, Imad Murad, Founder and Partner of the Wasel Lee, said: “The platform offers a wide range of services and products to individuals and companies through a mobile phone application. It has a wide and growing network of partners in the fields of food provisions, finance, real estate medical supplies and bookings".
He added:" The growth of the platform over the past year has backed our intention to start new investment rounds and provide a larger capital to expand these services and open up new markets in order to make this platform accessible to a larger segment of customers.”
Wasel lee is an interactive electronic platform to provide logistical support and products, services and information, Labor and employers the character creators and productive families, logistics and real estate special services and daily necessities and medical general reservations and coordination of internal tourism education and marketing and advertising of goods and shipping services and other resources for users of this application in the Kingdom of Saudi Arabia .