About Resal
Resal is a company based in Jeddah (Saudi Arabia) founded in 2015. Resal has raised $9.8 million across 3 funding rounds from investors including Derayah VC, VentureSouq and Ad Diriyah Asset Management. Resal operates in a competitive market with competitors including Floward, FTD, Iluba Roses, Bloss and flowzah, among others.
- Headquarter Jeddah, Saudi Arabia
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9.8 M (USD)
in 3 rounds
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Latest Funding Round
$9 M (USD), Series A
Aug 26, 2024
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Investors
Derayah VC
& 7 more
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Employee Count
Employee Count
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Funding Insights of Resal
Resal has successfully raised a total of $9.8M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $9 million completed in August 2024. 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 Total Funding
- Total Rounds 3
- Last Round Series A — $9.0M
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Series A - Resal | Valuation | Derayah Venture Capital Fund , VentureSouq | |
| May, 2019 | Amount | Seed - Resal | Valuation | Business Incubators and Accelerators Company | |
| Jan, 2018 | Amount | Seed - Resal | Valuation |
investors |
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Investors in Resal
Resal has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Derayah VC, VentureSouq and Ad Diriyah Asset Management.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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A venture capital fund based in Saudi Arabia is operated.
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Founded Year | Domain | Location | |
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Angel investments in early-stage ventures are managed by VentureSouq.
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Founded Year | Domain | Location | |
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Ad Diriyah Asset Management is engaged in global investment services.
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Founded Year | Domain | Location |
Investments & Acquisitions by Resal
Financial Statements - Resal
Resal Comparisons
Competitors of Resal
Resal 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 Floward, FTD, Iluba Roses, Bloss and flowzah, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Flowers and bouquets are offered via an online gifting platform.
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| domain | founded_year | HQ Location |
FTD is recognized as a premier online floral delivery service.
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| domain | founded_year | HQ Location |
Runs a direct-to-consumer brand for home decor and gift items.
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| domain | founded_year | HQ Location |
Parenting advice is shared via a social Q&A platform.
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| domain | founded_year | HQ Location |
Operates an online platform for gifting a variety of flowers.
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Frequently Asked Questions about Resal
Resal was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Resal is headquartered in Jeddah, Saudi Arabia. It is registered at Jeddah, Makkah Region, Saudi Arabia.
Resal is a funded company, having raised a total of $9.8M across 3 funding rounds to date.
Resal was established in 2015 in Jeddah, Saudi Arabia, as a mobile app-based platform in the e-commerce sector focused on flowers. Services for sending flowers and bouquets to friends and family are provided through the app. Operations cover major Saudi cities such as Jeddah, Riyadh, Dammam, and Dhahran, with the platform extending to the broader Middle East region. The domain resal.me supports user access.
Resal has 8 investors. Key investors include Derayah VC, VentureSouq, Ad Diriyah Asset Management, Bugshan Group, and NOMD.