KSA-based SaaS platform for GCC, Slide, has raised $1.75M in Pre-SEED funding to accelerate its expansion across the region.
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Slide, a Software as a Service (SaaS) startup, has raised $1.75M in a Pre-SEED funding round from Unifonic through its investment arm “UnifonicX”, alongside a number of strategic angel investors from the region. Founded in 2021 by Faisal Albaraiki, Slide provides businesses with a one-stop solution for direct ordering, allowing businesses to transform their social channels into online ordering platforms and a new revenue stream.
The Enterprise Software sector in KSA rose to new heights last year when Unifonic, a customer engagement platform, closed a Mega Round ($100M+). The SaaS space in the region has seen a number of notable rounds this year including the likes of Elevatus, a startup providing A.I. solutions for HR, Mozn, and ZenHR, a cloud-based Human Resources Management System (HRMS). The startups collectively raised close to $30M with the SaaS space in Saudi almost crossing the $50M mark.
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Slide provides businesses with a one-stop solution for social ordering via the business' social media accounts. The company manages all ecosystem partners required to receive online orders, including point of sales, payment gateways, last-mile delivery, and customer care to deliver a seamless experience across multiple social channels. “We were overwhelmed by the response we received after our beta launch last year. It was only then when we realized that the opportunity was substantially bigger than what we had originally anticipated, which emboldened us to double down and accelerate our expansion across the region,” commented Faisal Albaraiki, Founder and CEO at Slide.
Slide will be utilizing the funds to accelerate its expansion across the GCC following its beta launch in December 2021. “We encourage and support young entrepreneurs with more than just financial support. Our goal is to share our experiences as a startup and provide guidance that will help them face challenges in their markets as well as grow and expand,” concluded Ahmed Hamdan, Co-Founder, and CEO at Unifonic.
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