# Invygo Tech FZ-LLC

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/invygo-tech-fz-llc

- Industry: Transportation Services
- Headquarters: Riyadh, Saudi Arabia
- Website: www.invygo.com
- Total disclosed funding: $19M
- Latest round: Series A (Jun 1, 2024)
- Investors on record: 12

## About

Based in the United Arab Emirates, Invygo Tech FZ-LLC specializes in providing innovative car rental and subscription services, catering to both individuals and businesses seeking flexible transportation solutions. Invygo Tech FZ-LLC operates as a car rental and subscription service provider. Founded in 2018, the company is headquartered in Dubai, United Arab Emirates. Eslam Hussein and Pulkit G are the founders, with Eslam Hussein also serving as the CEO. In June 2024, Invygo Tech FZ-LLC raised USD 8 million in series A funding led by STV, with participation from AlRajhi Partners, AB Ventures, Signal Peak Ventures, Middle East Venture Partners, and Class 5. The funding was part of a larger USD 18 million series A round. Invygo Rent-A-Car specializes in car rental and subscription services, offering customers flexible vehicle access for varying durations. Their core offerings include a monthly car rental subscription that allows users to rent vehicles without the burdens of traditional leasing or ownership. This service caters to both short-term and long-term users, targeting individuals and businesses in the UAE cities of Dubai, Abu Dhabi, Sharjah, Al Ain, Fujairah, and Ras Al Khaimah. The fleet includes a diverse range of vehicles from popular brands like Toyota, Nissan, and Hyundai. Invygo generates revenue through its monthly car rental subscription model, facilitating direct transactions between the company and customers. Clients can select from various car models and subscribe to rentals based on their duration needs. This streamlined process ensures steady revenue flow, with pricing plans structured for flexibility and cost-effectiveness, appealing to both individual users and corporate clients. The company plans to use the funding from June 2024 to expand its business and support its growth.

## Funding rounds

- Series A, Jun 1, 2024, $8M — Signal Peak Ventures, Al Rajhi Capital, Middle East Venture Partners, STV, Class 5, AB Ventures
- Series A, Oct 31, 2022, $10M — Signal Peak Ventures, Al Rajhi Capital, Middle East Venture Partners, Palm Drive Capital, Knollwood Investment Advisory, AB Ventures, Amaana Capital
- Seed, Nov 26, 2019, $1M — Gulf Islamic Investments, Kairos, EquiTrust, Class 5

## Investors

- Gulf Islamic Investments (https://capitalatlas.ai/funds/gulf-islamic-investments) — Seed
- Kairos (https://capitalatlas.ai/funds/kairos) — Seed
- EquiTrust — Seed
- Class 5 (https://capitalatlas.ai/funds/class-5) — Seed, Series A
- Signal Peak Ventures (https://capitalatlas.ai/funds/signal-peak-ventures) — Series A
- Al Rajhi Capital (https://capitalatlas.ai/funds/al-rajhi-capital) — Series A
- Middle East Venture Partners (https://capitalatlas.ai/funds/middle-east-venture-partners) — Series A
- Palm Drive Capital (https://capitalatlas.ai/funds/palm-drive-capital) — Series A
- Knollwood Investment Advisory — Series A
- AB Ventures (https://capitalatlas.ai/funds/ab-ventures) — Series A
- Amaana Capital (https://capitalatlas.ai/funds/amaana-capital) — Series A
- STV (https://capitalatlas.ai/funds/stv) — Series A