About Spiders Mobility
Spiders Mobility is a company based in Jeddah (Saudi Arabia) founded in 2021 by Majd Baik, Abdullah Alsharif, and Sultan Aswani.. Spiders Mobility has raised $1.4 million across 1 funding round from investors including Watheeq. Spiders Mobility operates in a competitive market with competitors including Dott, Wee, Dabeeb, Echo City and Ridelly, among others.
- Headquarter Jeddah, Saudi Arabia
- Founders Majd Baik, Abdullah Alsharif, Sultan Aswani
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Sectors
Transportation, Automotive & Logistics
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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
$1.4 M (USD)
in 1 rounds
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Latest Funding Round
$1.4 M (USD), Seed
Mar 28, 2022
- Investors
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Employee Count
Employee Count
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Funding Insights of Spiders Mobility
Spiders Mobility has successfully raised a total of $1.4M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.4 million completed in March 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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $1.4M
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First Round
First Round
(28 Mar 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Seed - Spiders Mobility | Valuation | Watheeq |
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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 Spiders Mobility
Spiders Mobility has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Watheeq. 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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Operates as an asset management firm providing strategic investment solutions.
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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 Spiders Mobility
| 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 - Spiders Mobility
| 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 |
Spiders Mobility Comparisons
Competitors of Spiders Mobility
Spiders Mobility 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 Dott, Wee, Dabeeb, Echo City and Ridelly, 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 |
App-based platform offering electric kick scooter rental services
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| domain | founded_year | HQ Location |
Electric kick-scooters are rented via a mobile app platform.
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| domain | founded_year | HQ Location |
Offers electric kick-scooter rental services for convenient urban travel.
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| domain | founded_year | HQ Location |
An app-based platform for renting electric kick scooters.
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| domain | founded_year | HQ Location |
Operates an app-based platform for renting electric kick scooters.
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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 Spiders Mobility
When was Spiders Mobility founded?
Spiders Mobility was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Spiders Mobility located?
Spiders Mobility is headquartered in Jeddah, Saudi Arabia. It is registered at Jeddah, Makkah Region, Saudi Arabia.
Who is the current CEO of Spiders Mobility?
Majd Baik is the current CEO of Spiders Mobility. They have also founded this company.
Is Spiders Mobility a funded company?
Spiders Mobility is a funded company, having raised a total of $1.4M across 1 funding round to date. The company's 1st funding round was a Seed of $1.4M, raised on Mar 28, 2022.
What does Spiders Mobility do?
Founded in 2021 in Jeddah, Saudi Arabia, the platform operates in the mobility sector by providing electric kick-scooter sharing services. Users locate nearby vehicles, book rides, and unlock them via mobile apps compatible with Android and iOS. Online payments are facilitated, and scooters must be parked at designated spots upon completion. Core features include vicinity-based searches to support urban transportation needs.
Who are the top competitors of Spiders Mobility?
Who are Spiders Mobility's investors?
Spiders Mobility has 1 investor. Key investors include Watheeq.
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