What is Retailo?
Established in 2020 and based in Riyadh, Saudi Arabia, Retailo operates as a business-to-business e-commerce platform. The company aims to streamline the procurement process for retailers by providing a digital marketplace that connects them with suppliers. Retailo's platform likely offers a range of services designed to improve efficiency, reduce costs, and enhance the overall supply chain for small and medium-sized businesses within the retail sector. Its strategic location in Saudi Arabia positions it to capitalize on the growing digital economy in the MENA region.
How much funding has Retailo raised?
Retailo has raised a total of $42.7M across 2 funding rounds:
Angel/Seed
$6.7M
Series A
$36M
Angel/Seed (2021): $6.7M with participation from Abercross Holdings and Shorooq Partners
Series A (2022): $36M led by Graphene Ventures, Shorooq Partners, Nahda Fund, Tech Invest Com, Global 500 Investment, Aujan Group Holding, Agility Logistics Services, AgFunder, Abercross Holdings, and Arzan Venture Capital
Key Investors in Retailo
Shorooq Partners
Shorooq Partners is a leading MENA-based alternative investments manager specializing in venture capital and private credit, known for backing visionary founders and fueling growth across various sectors.
Graphene Ventures
Graphene Ventures is a venture capital firm focused on investing in innovative technologies and companies, likely with a strategic interest in high-growth sectors.
Abercross Holdings
Abercross Holdings is an independent investment and advisory firm that focuses on privately owned, high-growth companies, providing strategic support and tailored investment programs.
What's next for Retailo?
With the recent major strategic investment, Retailo is poised for accelerated growth and market penetration. The capital infusion is anticipated to fuel expansion into new markets, enhance technological capabilities, and broaden its service portfolio. Investors such as Shorooq Partners, Graphene Ventures, and Abercross Holdings, with their diverse investment theses ranging from MENA-focused venture capital to strategic growth investments, suggest a focus on scaling operations and solidifying Retailo's competitive advantage. The company is likely to leverage this funding to further optimize its B2B e-commerce solutions, potentially exploring new verticals or deepening its existing market reach to become a dominant player in the region's digital commerce ecosystem.
See full Retailo company page
