Wuilt raises $535K Seed round to expand in KSA
Wuilt, a SaaS Arabic website builder where users can create their own professional websites in 5 minutes, has successfully raised a Seed funding round of $535K. The investment round included the participation of DAAL VC, prominent angel investors in MENA, and follow-on funding from Flat6Labs Cairo.
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Since its launch in 2019, Wuilt has been working to provide new and existing customers and businesses across the MENA region with easy-to-use and affordable options for launching and scaling their digital presence especially in the field of Arabic e-commerce. The company currently serves 30,000+ users in Egypt and Saudi Arabia.
Co-Founded by Ahmed Rostom, Mohamed Hegazy, and Mahmoud Metwaly, Wuilt’s website building platform was curated to have all the necessary tools and components of a professional website at one’s fingertips. Enabling even those with little knowledge of website building to easily create and manage their Arabic website.
Ahmed Rostom, CEO and Co-Founder of Wuilt said, "We came across many friends and businesses struggle to get a professional website designed to their style and design especially in Arabic. This highly motivated us as a team to bridge this gap by providing a solution and hence Wuilt was created and launched. Today, Wuilt’s all-in-one Arabic platform offers a range of features to fit businesses of all sizes and across all industries. Wuilt takes the hassle out of web designing and saves you time. In minutes, your business can have a sleek, and professional website.”
With the emergence and continuous spread of the pandemic, many businesses were forced to shift their operations online in order to stay active. Some of them had to either pay huge amounts to web development agencies or had to collaborate with freelancers who may or may have not been up to the task.
Ahmed added, “We are delighted to have leading investors believe in our business model and provide the necessary advice and support to progress our growth potentials. We look forward to working closely with them and successfully achieve our short-term and long-term objectives.
“We witnessed a spike in the number of users and have seen a continuous increase in the number of users intending to shift their operations online since the onset of Covid-19. Our strategy is to provide the best solutions for all businesses in any sector, particularly, extending our platform to entrepreneurs, solopreneurs and small businesses."
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Wuilt joined Flat6labs' Cairo accelerator in 2019 where they received huge support and ended the cycle by doubling their customer base. Marie-Therese Fam, Managing Partner of Flat6Labs Cairo commented, “Flat6Labs has been a true believer in Wuilt since they first pitched their business, and we’ve been lucky to partner with them early on. The promising traction to date, the huge market opportunity in the MENA region, and the amazing team behind Wuilt, were true assurances for us to increase our exposure to Wuilt in their second round. We wish the team all the best and look forward to continuing to support the business till it reaches its true potential."
Omar Hassan, Managing Partner at MENA Tech Fund said, "We’re really excited to be part of this journey with Ahmed, Mohammed, Mahmoud, and the entire team. We believe in the early traction they've achieved, but more importantly, the functionality and roadmap are what will make Wuilt a success in the coming period."
Abdulrahman Alqahtani, CEO of DAAL VC, closed off saying: "Innovative startups equipped with the right team who are focused on excelling in their journey are part of the qualities we at DAAL look for in our investments. In Wuilt we found it all. Enabling SMEs by providing them with state-of-the-art technology to create their business' digital frontier is not an easy task. The market that Wuilt is serving is considered to be the future of most of our regional economies. With robust solutions and scalable technology, we believe Wuilt will become a great success story in the near future.”
The new capital will be deployed to deepen its capabilities and expand its footprints in the Kingdom of Saudi Arabia, which comprises nearly 30% of its customer base.
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