About Fiz
Fiz is a Retail company based in Kuwait City (Kuwait) founded in 2021. Multi-category grocery products are delivered online with ultra-fast service. Fiz has raised $2.5 million across 1 funding round from investors including The Taken Seat and Relish Venture Partners. Its focus areas include Food and Agriculture Tech, Online Grocery, B2C Ecommerce and Multi Category.
Company details
Fiz was founded in 2021 and is headquartered in Kuwait City, Kuwait. Operations focus on the online retail sector for groceries, where a broad catalog of items such as bakery products, snacks, oils, grains, meats, seafood, beverages, fruits, and vegetables is maintained. Ultra-fast delivery services are provided to customers across the region.
- Total Equity Funding$2.5M (USD)
in 1 rounds
- Latest Funding Round$2.5M (USD), Seed
Jan 2022
- InvestorsThe Taken Seat
& 1 more
Apps and channels of Fiz
Fiz publishes 2 mobile apps with over 50K+ downloads.
Funding Insights of Fiz
Fiz has successfully raised a total of $2.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.5 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2.5M
- Total Rounds 1
- Last Round Seed — $2.5M
- First Round $2.5M
(Jan 2022)
- Investors Count 2
All 1 funding rounds of Fiz with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2022 | $2.5M | Seed | – | The Taken Seat, Relish Venture Partners | – |
2 investors in total: 2 institutional.
Investors in Fiz
Fiz has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include The Taken Seat and Relish Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A Kuwait-based venture builder focused on disruptive startups. | thetakenseat.com | Kuwait City, Kuwait | ||
A venture capital firm focused on value creation through investments. | relishventurepartners.com |
Investor details for Fiz
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Fiz
10 people are tracked at Fiz (4 in leadership, 6 in team).
| Name | Role | Group |
|---|---|---|
Andy Mehalick | Chief Technology Officer @ Bilbayt | Leadership |
Artur Kedzior | Head of Engineering | Leadership |
Ahmad Salamah | CEO | Leadership |
Laila Abohadba | Marketing Director | Leadership |
Basheer AbuBacker | Real Estate & Construction Manager | Team |
Sasha Petrovich | Development Manager | Team |
John Khalil | Senior Software Engineer | Team |
Hanan Othman | Marketing Executive | Team |
Mohamad Kanso | CS Executive | Team |
Nilufar Makhmudova | Back End Developer | Team |
Complete people profiles for Fiz
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Fiz
2 dated milestones of Fiz across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Fiz is founded.
- Funding First funding round of $2.5M.
Web traffic of Fiz
The website of Fiz (fizapp.io) receives about 2.5K visits a month.
- Monthly visits2.5K
▲ 52.8% vs previous month
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Frequently Asked Questions about Fiz
Fiz was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Fiz is headquartered in Kuwait City, Kuwait.
Fiz is a funded company, having raised a total of $2.5M across 1 funding round to date. The company's 1st funding round was a Seed of $2.5M, raised on Jan 2022.
Fiz was founded in 2021 and is headquartered in Kuwait City, Kuwait. Operations focus on the online retail sector for groceries, where a broad catalog of items such as bakery products, snacks, oils, grains, meats, seafood, beverages, fruits, and vegetables is maintained. Ultra-fast delivery services are provided to customers across the region.
Fiz has 2 investors. Key investors include The Taken Seat, and Relish Venture Partners.
Yes. Fiz publishes Fiz - Groceries in minutes and 1 more app, with over 50,000 downloads.