About Speero
Speero is a company based in Riyadh (Saudi Arabia) founded in 2017 by Amin Mahfouz and Abdullah Bin Shamlan. It operates as a Direct-to-Consumer (D2C), and Two-Sided Marketplace. Speero has raised $1.8 million across 2 funding rounds from investors including Nuwa Capital, EQ2 Ventures and Impact46. Speero offers products and services including Original Car Spare Parts, Car Maintenance Services, and Car Accessories. Speero operates in a competitive market with competitors including Plus Workshop, Tashleeh, Tashlih, Al Mousa Nissan Spare Parts and Ahsa Spare Parts, among others.
- Headquarter Riyadh, Saudi Arabia
- Founders Amin Mahfouz, Abdullah Bin Shamlan
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Speero Saudi Arabia
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.8 M (USD)
in 2 rounds
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Latest Funding Round
$1.8 M (USD), Seed
Jul 12, 2021
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Investors
Nuwa Capital
& 7 more
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Employee Count
Employee Count
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Products & Services of Speero
Speero offers a comprehensive portfolio of products and services, including Original Car Spare Parts, Car Maintenance Services, and Car Accessories. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Original spare parts for various car brands are provided.
Maintenance and repair services for vehicles are offered.
Accessories like lighting and interior items are sold.
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Funding Insights of Speero
Speero has successfully raised a total of $1.8M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.8 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 Total Funding
- Total Rounds 2
- Last Round Seed — $1.8M
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Seed - Speero | Valuation | Nuwa Capital , EQ2 Ventures | |
| Mar, 2020 | Amount | Seed - Speero | Valuation | 500 Global , Impact46 |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Speero
Speero has secured backing from 8 investors, including venture fund investors. Prominent investors backing the company include Nuwa Capital, EQ2 Ventures and Impact46. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Venture capital fund focused on multiple sector
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Founded Year | Domain | Location | |
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Venture capital firm focused on seed and growth investments
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Speero
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Speero
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Speero Comparisons
Competitors of Speero
Speero 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 Plus Workshop, Tashleeh, Tashlih, Al Mousa Nissan Spare Parts and Ahsa Spare Parts, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online marketplace for automotive parts & accessories
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| domain | founded_year | HQ Location |
Online marketplaces offering aftermarket automotive parts and accessories
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| domain | founded_year | HQ Location |
Functions as an application for selling auto parts and accessories online.
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| domain | founded_year | HQ Location |
Operates an app-based platform for retailing auto parts and accessories.
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| domain | founded_year | HQ Location |
Manages an e-commerce store for auto parts and accessories.
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| domain | founded_year | HQ Location |
Operates a digital platform for purchasing new and used car parts.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Speero
When was Speero founded?
Speero was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is Speero located?
Speero is headquartered in Riyadh, Saudi Arabia.
Is Speero a funded company?
Speero is a funded company, having raised a total of $1.8M across 2 funding rounds to date.
What does Speero do?
Speero is involved in the distribution of original car spare parts for various brands like Toyota, Hyundai, and Nissan. The company operates within the automotive aftermarket sector, offering a wide range of components such as engines, brakes, and lighting systems. Additionally, car maintenance and repair services are provided, including tire services, air conditioning maintenance, and paint repair. Solutions are tailored for both individual consumers and partners through a marketplace model in Saudi Arabia.
Who are the top competitors of Speero?
Speero's top competitors include Plus Workshop, Tashleeh and Tashlih.
What products or services does Speero offer?
Speero offers Original Car Spare Parts, Car Maintenance Services, and Car Accessories.
Who are Speero's investors?
Speero has 8 investors. Key investors include Nuwa Capital, EQ2 Ventures, Impact46, Access Bridge Ventures, and Mountain Partners.