# OpenSooq.com

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/opensooq-com

- Industry: Software
- Headquarters: Amman, Jordan
- Website: www.jo.opensooq.com
- Total disclosed funding: $24M
- Latest round: Series B (Jun 7, 2021)
- Investors on record: 3

## About

Based in Amman, Jordan, and founded in 2012 by Adey Salamin (CEO), OpenSooq.com operates as a software company that is an online classified platform that allows users to freely trade property, cars, products, and services. In June 2021, OpenSooq.com raised USD 24 million in venture funding led by Saudi Jordanian Investment Fund, with participation from FJ Labs and iMENA Group.

OpenSooq.com is a developer of an online classified platform that allows users to freely trade property, cars, products, and services. The company's classified platform aggregates online open marketplaces for a variety of different products and services in Arabic, allowing MENA users to freely trade among themselves. The company enables consumers and SMEs in the Middle East and North Africa to trade in all key economic sectors, including real estate, auto, electronics, furniture, and fashion. It also connects customers with service providers in fields like education, training, and home repair.

The company plans to use the June 2021 funding to expand its operational team and hire an additional 400 people in both Jordan and the wider region. Consolidate its leading market position within key markets as well as expand into new markets, and, finally, further develop its in-house built technology.

## Funding rounds

- Series B, Jun 7, 2021, $24M — iMENA Group, FJ Labs, Saudi Jordanian Investment Fund

## Investors

- iMENA Group (https://capitalatlas.ai/funds/imena-group) — Series B
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series B
- Saudi Jordanian Investment Fund — Series B