# iKcon Holdco

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ikcon-holdco

- Industry: Logistics & Distribution
- Headquarters: Dubai, United Arab Emirates
- Website: www.ikcon.com
- Total disclosed funding: $20M
- Latest round: Series A (Mar 28, 2021)
- Investors on record: 6

## About

iKcon Holdco is a technology solutions provider focused on enhancing operational efficiency in various industries through its advanced software offerings.Founded in 2019 in Dubai, United Arab Emirates, iKcon Holdco provides technology-driven solutions for data integration and analytics. The company was established by Khalid Baareh, who acts as CEO. iKcon has engaged in 3 deals, with the most recent occurring on November 7, 2021, during the Series A funding round, which raised USD 20.00 mn from investors including AlTouq Company and B&Y Venture Partners.iKcon offers a diverse range of technology-driven solutions designed to enhance operational efficiency across various industries. The company's core product offerings include advanced software platforms that facilitate data integration, analytics, and process optimization for their clients. These products aim to streamline workflows and improve decision-making by providing actionable insights from complex data sets. Targeted primarily at mid to large-sized enterprises, iKcon caters to sectors such as healthcare, finance, and manufacturing, providing tailored solutions that address specific challenges faced by these industries. Their offerings are available in multiple geographical markets, including North America, Europe, and Asia-Pacific, demonstrating a commitment to serving a global clientele.iKcon generates revenue through a structured model that includes subscription-based services and partnerships with enterprise clients. The company engages in B2B transactions, providing its software solutions under various pricing plans that are tailored to meet the distinct needs of individual customers. For example, clients can opt for annual subscriptions that offer tiered access to different features based on their operational requirements. Flagship products designed for data analytics and process management are central to their revenue streams, as they are positioned to deliver significant value to clients seeking to enhance their operational capabilities. This model ensures a steady flow of revenue while fostering long-term relationships with clients through continuous support and updates.iKcon plans to expand its product offerings and enter new markets with a focus on enhancing its technology solutions. Recent funding from the Series A round will be utilized to develop new software products aimed at improving data analytics capabilities. The company is targeting specific growth in the North American and European markets by the end of 2023. The acquisition by REEF Global, Inc. in November 2021 is expected to further facilitate these growth initiatives.

## Funding rounds

- Series A, Mar 28, 2021, $20M — AlTouq Company, B&Y Venture Partners, BAAN Holding Group, Derayah Ventures, Nazer Group, Mohamed Yousuf Naghi & Brothers Group

## Investors

- AlTouq Company — Series A
- B&Y Venture Partners (https://capitalatlas.ai/funds/b-y-venture-partners) — Series A
- BAAN Holding Group — Series A
- Derayah Ventures (https://capitalatlas.ai/funds/derayah-ventures) — Series A
- Nazer Group — Series A
- Mohamed Yousuf Naghi & Brothers Group — Series A