About Soum
Soum is a Retail company based in Saudi Arabia by Bader Almubarak, Fahad Al Hassan, and Fahad Albassam. Pre-used electronic products are sold via an online marketplace platform. Soum has raised $22 million across 2 funding rounds from investors including Jahez, Isometry Capital and Khwarizmi Ventures. Its chief executive, as recorded, is Fahad Al Hassan. Its website soum.sa draws about 229 thousand monthly visits. Its focus areas include Consumer Electronics E-Commerce, Second Hand, Multi Category and Marketplace.
Company details
An online marketplace platform is operated in Saudi Arabia, focusing on pre-owned electronic devices such as smartphones, tablets, smartwatches, laptops, and audio-video equipment. Transactions are facilitated through a website and an iOS mobile application. The company is led by co-founders Bader Almubarak, Fahad Al Hassan as CEO, and Fahad Albassam, with Ruwan Manjule De Silva serving as CTO. Operations emphasize accessibility for users seeking refurbished technology options.
- Total Equity Funding$22M (USD)
in 2 rounds
- Latest Funding Round$18M (USD), Series A
Dec 2023
- InvestorsJahez
& 6 more
Funding Insights of Soum
Soum has successfully raised a total of $22M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $18 million completed in December 2023. 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 $22M
- Total Rounds 2
- Last Round Series A — $18M
- First Round $4M
(Mar 2022)
- Investors Count 7
All 2 funding rounds of Soum 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 |
|---|---|---|---|---|---|
| Dec 2023 | $18M | Series A | – | Jahez | |
| Mar 2022 | $4M | Seed | – | Mazen Aljubeir, Outliers Venture Capital |
7 investors in total: 5 institutional and 2 angel.
Investors in Soum
Soum has secured backing from 7 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Jahez, Isometry Capital and Khwarizmi Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage MENA startups across sectors are invested in. | khwarizmivc.com | Riyadh, Saudi Arabia | ||
VC and PE investing in multiple sectors | alrajhi-partners.com | Riyadh, Saudi Arabia | ||
Early-stage tech-driven businesses are funded by Outliers Venture Capital. | outliers.vc | George Town, Cayman Islands | ||
Food discovery and ordering are enabled via an online platform. | 2016 | jahez.net | Riyadh, Saudi Arabia | |
Provides investment services with adaptive approaches to global markets. | 2019 | isometrycapital.com | United States | |
MA Mazen Aljubeir | unknown_df3bc098f8744f4da | |||
AA Ammar Alkhudairy | Angel investor and entrepreneur, focused on tech startups in India and beyond. | unknown_de46b8994f0e413ca |
Investor details for Soum
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People of Soum
13 people are tracked at Soum (6 in leadership, 7 in team).
| Name | Role | Group |
|---|---|---|
Bader Almubarak | Co-Founder | Leadership |
Fahad Al Hassan | Co-Founder & CEO | Leadership |
Fahad Albassam | Co-Founder | Leadership |
Ruwan Manjule De Silva | CTO | Leadership |
Réda Traki | Chief Business Officer | Leadership |
Nizar Noor | Head Of Operations | Leadership |
Alaa Naeeim | Senior Frontend Developer | Team |
Laraib Shafi | Delivery Manager | Team |
Rayan Alsadhan | Human Capital And Admin Lead | Team |
Fatima Alkharan | Operations & Customer Experience Manager | Team |
Khaled Gamal | Technical Lead | Team |
Zahraa Khalili | Senior QA Automation Engineer | Team |
Ahmed Refaat | Data Engineer | Team |
Complete people profiles for Soum
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Timeline of Soum
2 dated milestones of Soum across 1 years, from founding to its latest funding, stage changes and deals.
- Funding First funding round of $4.0M.
- Funding Latest funding round, Series A, of $18.0M.
Web traffic of Soum
The website of Soum (soum.sa) receives about 229.1K visits a month and ranks #233,942 among all websites worldwide, #1,529 in Telecommunications.
- Monthly visits229.1K
▲ 95.3% vs previous month
- Unique visitors51.4K
per month
- Global rank#233,942
among all websites
- Category rank#1,529
Computers Electronics and Technology · Telecommunications
- Bounce rate34%
- Pages per visit5.8
- Average visit2 min 33 sec
- DevicesDesktop 36% · Mobile 64%
Websites whose visitors overlap most with Soum. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
dubizzle.sa | dubizzle.sa | 100% | #137,048 | – | |
| mobily.com.sa | 95% | 4.6M | #14,226 | View details | |
goldenstore99.com | goldenstore99.com | 95% | #374,227 | – | |
store-star.com | store-star.com | 95% | – | ||
al3bor-telecom.com | al3bor-telecom.com | 95% | #589,641 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Soum
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Related news about Soum
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Frequently Asked Questions about Soum
Soum is headquartered in Saudi Arabia.
Fahad Al Hassan is the CEO of Soum, as recorded in our data. They have also founded this company.
Soum is a funded company, having raised a total of $22M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4M, raised on Mar 2022.
An online marketplace platform is operated in Saudi Arabia, focusing on pre-owned electronic devices such as smartphones, tablets, smartwatches, laptops, and audio-video equipment. Transactions are facilitated through a website and an iOS mobile application. The company is led by co-founders Bader Almubarak, Fahad Al Hassan as CEO, and Fahad Albassam, with Ruwan Manjule De Silva serving as CTO. Operations emphasize accessibility for users seeking refurbished technology options.
Soum has 7 investors. Key investors include Jahez, Isometry Capital, Khwarizmi Ventures, AlRajhi Partners, and Outliers Venture Capital.
The website of Soum receives about 229 thousand visits a month and ranks #233,942 among all websites worldwide.