Leap raises six figure seed funding

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Source: MenaBytes

Riyadh-based coffee pre-ordering startup Leap has raised six-figure (USD) seed funding, it told MENAbytes today without disclosing the exact size of the deal. The investment came from a Saudi angel investor.

Founded last year by a team of four Riyadh-based management consultants, Leap allows users to skip the wait time by pre-ordering their coffee from different cafes in Riyadh, Jeddah, Dammam, and Khobar. The users can pickup their orders from Leap’s pickup stand when they get to the restaurant. They have the option to pay while making their order on the app or cash when they are picking up their order.

Leap’s app that’s available for both iOS and Android launched last year with a single cafe, Leap now has close to 50 cafes on its network including some international chains like Caribou Coffee.

The startup did not share the details about the number of transactions it’s processing but said it has almost 12,000 users.

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