# Hulexo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hulexo

- Industry: Software
- Headquarters: Abu Dhabi, United Arab Emirates
- Website: www.hulexo.com
- Total disclosed funding: $1.2M
- Latest round: Seed (Aug 1, 2024)
- Investors on record: 1

## About

Founded in 2021 and based in Abu Dhabi, United Arab Emirates, Hulexo operates as an ERP provider for small and medium-sized retail stores. The company was founded by its CEO, Huzaifa Hameed, Ibrahim Al Rachdi, and Marwin Favila. In August 2024, Hulexo raised seed funding from Arzan VC.

Hulexo offers a cloud-based retail ERP system that provides a suite of solutions for businesses to manage their operations. The company provides features such as inventory management, point of sale, purchasing, reporting and analytics, marketing, CRM, and e-commerce integration. The firm’s client base includes The Giving Movement, Transguard Group, My Vapery, Padel Life, and Nauras Sandals.

The company plans to utilize the funding raised in August 2024 to establish partnerships with shopping malls, payment processors, and licensing authorities, support its expansion into two new markets—Kuwait and Saudi Arabia—and expand its market reach.

## Funding rounds

- Seed, Aug 1, 2024, $1.2M — Arzan Venture Capital

## Investors

- Arzan Venture Capital (https://capitalatlas.ai/funds/arzan-venture-capital) — Seed