About Nejree
Nejree is a Retail company based in Riyadh (Saudi Arabia) founded in 2016 by Basim Aljeirani and Ibrahim Al Mogren. Online store selling branded sneakers for men and women. Nejree has raised $19 million across 2 funding rounds from investors including Teejan, Impact46 and Al-Khaila Investment Company. Its chief executive, as recorded, is Ibrahim Al Mogren. Its focus areas include Consumer, Fashion Tech, B2C Commerce and Multi Category. Its competitors include Etmana, Saudi check and Thalap.
Company details
Nejree was established in 2016 in Riyadh, Saudi Arabia, as an e-commerce platform focused on footwear retail. Branded sneakers for men and women are provided through the companys website and a dedicated mobile application. Offerings include products from brands such as Adidas, Dolce Gabbana, and Balenciaga. The application is accessible via Google Play and the App Store, supporting online purchases in the region.
- Headquarters Riyadh, Saudi Arabia
- Founders Basim Aljeirani, Ibrahim Al Mogren
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website nejree.com
- Social LinkedIn X
- Total Equity Funding$19M (USD)
in 2 rounds
- Latest Funding Round$15M (USD), Series A
Jul 2021
- InvestorsTeejan
& 4 more
Funding Insights of Nejree
Nejree has successfully raised a total of $19M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $15 million completed in July 2021. 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 $19M
- Total Rounds 2
- Last Round Series A — $15M
- First Round $4M
(Dec 2019)
- Investors Count 5
All 2 funding rounds of Nejree 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 |
|---|---|---|---|---|---|
| Jul 2021 | $15M | Series A | – | Impact46 | |
| Dec 2019 | $4M | Seed | – | Al-Khaila Investment Company, Teejan | – |
5 investors in total: 5 institutional.
Investors in Nejree
Nejree has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Teejan, Impact46 and Al-Khaila Investment Company.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on seed and growth investments | impact46.sa | Riyadh, Saudi Arabia | ||
Private equity firm focused on multiple sectors | alkhaila.com | Riyadh, Saudi Arabia | ||
Venture capital firm focused on multiple sectors | nuwacapital.io | Dubai, United Arab Emirates | ||
Expansion-stage tech startups are funded by Rise Capital. | risecapital.com | San Francisco, United States | ||
Application development services are provided in Saudi Arabia. | 2016 | teejan.sa | Riyadh, Saudi Arabia |
Investor details for Nejree
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People of Nejree
2 people are tracked at Nejree (2 in leadership).
| Name | Role | Group |
|---|---|---|
Basim Aljeirani | Co-Founder & COO | Leadership |
Ibrahim Al Mogren | Co-Founder & CEO | Leadership |
Complete people profiles for Nejree
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Timeline of Nejree
3 dated milestones of Nejree across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Nejree is founded.
- Funding First funding round of $4.0M.
- Funding Latest funding round, Series A, of $15.0M.
Competitors of Nejree
Nejree has 3 listed competitors in our database. They include Etmana, Saudi check and Thalap.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| etmana.com | 2022 | Al Faruq, Saudi Arabia | An online retail platform offering multicategory fashion products for men and women. | |||
| saudichic.com | 2018 | Riyadh, Saudi Arabia | Operates a digital hub for shopping a variety of fashion products. | |||
| thalap.com | 2020 | Tabuk, Saudi Arabia | Professional organization for pharmacists in Indonesia handling memberships and events. |
Detailed competitors of Nejree
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Frequently Asked Questions about Nejree
Nejree was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Nejree is headquartered in Riyadh, Saudi Arabia.
Ibrahim Al Mogren is the CEO of Nejree, as recorded in our data. They have also founded this company.
Nejree is a funded company, having raised a total of $19M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4M, raised on Dec 2019.
Nejree was established in 2016 in Riyadh, Saudi Arabia, as an e-commerce platform focused on footwear retail. Branded sneakers for men and women are provided through the companys website and a dedicated mobile application. Offerings include products from brands such as Adidas, Dolce Gabbana, and Balenciaga. The application is accessible via Google Play and the App Store, supporting online purchases in the region.
Nejree's top competitors include Etmana, Saudi check and Thalap.
Nejree has 5 investors. Key investors include Teejan, Impact46, Al-Khaila Investment Company, Nuwa Capital, and Rise Capital.