About Lawazem
Lawazem is a company based in Riyadh (Saudi Arabia) founded in 2020 by Nasser Alshaya and Abdulhakim Albisher. Lawazem has raised $1.3 million across 1 funding round from investors including Merak Capital and Merced. Lawazem operates in a competitive market with competitors including Bizongo, SmartEquip, SuperZop, FoodMaven and Lapasar, among others.
- Headquarter Riyadh, Saudi Arabia
- Founders Nasser Alshaya, Abdulhakim Albisher
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Sectors
RetailTechnology
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Email
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$1.3 M (USD)
in 1 rounds
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Latest Funding Round
$1.3 M (USD), Seed
Apr 06, 2022
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Investors
Merak Capital
& 1 more
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Employee Count
Not available
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Funding Insights of Lawazem
Lawazem has successfully raised a total of $1.3M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.3 million completed in April 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.
Investors in Lawazem
Lawazem has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Merak Capital and Merced.
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Investor details for Lawazem
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Investments & Acquisitions by Lawazem
Investment portfolio details for Lawazem
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Financial Statements - Lawazem
Detailed financials for Lawazem
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Lawazem Comparisons
Peer comparison for Lawazem
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Competitors of Lawazem
Lawazem operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Bizongo, SmartEquip, SuperZop, FoodMaven and Lapasar, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions
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SaaS solutions are provided for industrial parts access by manufacturers.
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Wholesale grocery procurement is enabled for retailers and small businesses.
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AI-based procurement software is provided for food supply optimization.
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Procurement software suites are provided for business operations.
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B2B procurement marketplace is operated for mid-sized enterprises.
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Detailed competitors of Lawazem
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Latest news on Lawazem
Complete news archive for Lawazem
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Frequently Asked Questions about Lawazem
Lawazem was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Lawazem is headquartered in Riyadh, Saudi Arabia.
Abdulhakim Albisher is the current CEO of Lawazem. They have also founded this company.
Lawazem is a funded company, having raised a total of $1.3M across 1 funding round to date.
Lawazem was founded in 2020 and is headquartered in Riyadh, Saudi Arabia. An online B2B marketplace is operated, where multi-category products such as groceries, home care items, home decor, furniture, clothing, accessories, and office supplies are offered to businesses. The platform facilitates procurement across these sectors, supporting wholesale transactions in the e-commerce domain.
Lawazem has 2 investors. Key investors include Merak Capital, and Merced.