Penny Software
Latest round
- Seed
Last raised
- Jan 2022
Total raised
- $6.3M
Investors
- 6
About Penny Software
Founded in 2020 and based in Dammam, Saudi Arabia, Rafeeq Altawreed Company, doing business as Penny Software, operates as a software-as-a-service (SaaS) company. The company was founded by its CEO, Iyad Aldalooj; COO, Majid Aldalooj; and CTO, Mohamad Ibrahim. Penny Software offers a cloud-based source-to-pay procurement platform, which is a B2B digital procurement software that helps businesses manage the full cycle of their disbursement and procurement processes. The firm’s procure-to-pay management software automates and streamlines the entire procurement process for businesses. The software manages everything from identifying and sourcing suppliers to processing invoices and making payments.
Who invested in Penny Software
6 investors across 2 rounds
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Questions about Penny Software
Who invested in Penny Software?
Penny Software has 6 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Penny Software raised?
Penny Software has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Penny Software last raise money?
Penny Software's most recent round on record is a Seed, in Jan 2022.
What does Penny Software do?
Founded in 2020 and based in Dammam, Saudi Arabia, Rafeeq Altawreed Company, doing business as Penny Software, operates as a software-as-a-service (SaaS) company.
Where is Penny Software headquartered?
Penny Software is headquartered in Dammam, Saudi Arabia.
Which VCs invest in companies like Penny Software?
Among active investors with capital left to deploy, MPCi, Luminous Ventures, Zijin Venture Capital and Legend Capital back software companies at Penny Software's stage. Their profiles are linked below.
VCs backing software startups at Seed
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