Wuilt raises $535,000 seed
Egypt-based software as a service (SaaS) startup Wuilt, has raised a $535,000 seed round from UK-based MENA Technology Fund, DAAL VC along with a cluster of angel investors. The round included follow-on investment from Flat6Labs Cairo.
Launched in 2019 by Ahmed Rostom, Mohamed Hegazy and Mahmoud Metwaly, Wuilt helps its business clients build their own professional websites.
The startups provide its service in Arabic to cater to its clients in Saudi Arabia and Egypt, where it services more than 30,000 users. Saudi Arabia currently accounts for 30 percent of its total users.
"We came across many friends and businesses struggling 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," said CEO Ahmed Rostom.
Since the beginning of Covid-19 pandemic, the startup has enabled a lot of businesses across the Middle East and North Africa (Mena) region to establish their online presence especially in the field of Arabic e-commerce.
“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,” he added.
The new capital will be deployed to deepen its capabilities and expand its footprint in Saudi Arabia.
“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”, said Marie-Therese Fam, managing partner of Flat6Labs Cairo.
"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 is what will make Wuilt a success in the coming period,” said Omar Hassan, managing partner at MENA Tech Fund.