The Saudi startup platform “Mala” has raised $7 million in a Pre-Seed investment round led by “Venture Souq,” with participation from notable investors such as “M Capital,” “BECO Capital,” “Access Bridge Ventures,” “Palm Ventures,” “Shorouq Partners,” “Wad Investment,” and the “DGV” fund.
top talents
“Mala” is preparing for its official launch in the Kingdom during the last quarter of this year, planning to use the invested funds to hire top talents and develop its technology.
market position
The platform aims to enhance its market position through strategic partnerships with suppliers and buyers, contributing to sustainable growth for the company.
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