Marn raises $1 million post-Seed round
- Saudi Arabia-based HR tech startup Marn, has closed a $1 million post-Seed round, led by Sukna Ventures and with participation from Almajdia Investment as well as several angel investors.
- Founded in 2017 by Mohammad AlSabeeh and Albaraa AlGhefaili, Marn utilises AI and machine learning to provide recruitment solutions as Saudi’s first flexible work platform.
- The new investment will allow Marn to expand its team and customer base as well as create more opportunities for job seekers.
Marn Platform, the Riyadh-based leading flexible work solution provider, has announced the closing of its post-seed round with $1 million in financing led by Sukna Ventures and with participation from Almajdia Investment as well as a number of angel investors, towards expanding its team and customer base as well as creating more opportunities for job seekers.
Founded by Mohammad AlSabeeh and Albaraa AlGhefaili, Marn employs its advanced technology utilising AI and machine learning to provide highly-effective recruitment solutions as Saudi’s first flexible work platform. The platform enables businesses to meet their staffing needs efficiently while ensuring business continuity while offering young workers unique work experiences that help them build out their professional careers and learn basic skills that are required to enter the labour market and gain extra income.
"With the tremendous growth of the local economy, there is a need for providing innovative recruitment solutions to keep up with it," said Mohammad AlSabeeh, Founder and CEO of Marn. "We are working at Marn to build the necessary infrastructure for the future of work through integrating recruitment and employee management solutions with fintech, insurance, and professional training solutions which ultimately makes the platform a one-stop-shop for businesses and employees that ensures everyone has equal opportunities in the changing landscape of work around the world."
"Flexible work is an innovative work model that emerged with the rise of technology and was enabled by the new regulation. Marn Platform is the local pioneer in flexible work, and so I view various partnerships recently made by the company as an illustration of the unique positioning it has taken as the most suitable option in this domain for major players in different sectors as well as high-calibre job seekers," said Fares Bardeesi, Managing Partner of Sukna Ventures.
Flexible work jobs witness a seven-fold increase in Saudi Arabia during 2022 compared to 2021, and it is expected to increase further in the coming years due to the high operational efficiency that it provides. According to the Minister of Human Resources, Ahmed Al-Rajhi, the Kingdom targets reaching more than 1.5 million flexible workers by 2030, and it is striving to adopt modern working models such as flexible work, freelancing, and remote work to build a strong economy with distinguished local talent in the Saudi market.
It is worth noting that the platform currently serves 26 cities in Saudi and has served over 300 companies in various sectors, including listed companies such as Saudi Ground Services, Elm, Alsaif Gallery and other leading companies in their respective industries such as Ritz-Carlton, Al-Khuzama Group, and Abdullah Al-Othaim Investment Company. The platform has created over 50,000 different job opportunities in the past years, while the number of registered job seekers has exceeded 350,000 individuals distributed across different cities throughout the Kingdom.