RIYADH: Rewaa, a leading full-stack inventory management platform for the retail industry, has raised $27 million (SR100 million) in a Series A funding round.
The round was led by Wa’ed Ventures, the Kingdom-based VC fund wholly owned by Aramco. STC’s Corporate Innovation Fund, launched earlier in February to invest in early-stage tech companies across various digital sectors, participated in the round. Rewaa marks CIF’s first venture investment in Saudi Arabia since its launch.
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