# Qawafel

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

- Industry: Internet
- Headquarters: Riyadh, Saudi Arabia
- Website: http://www.qawafel.sa
- Total disclosed funding: $3M
- Latest round: Seed (Mar 13, 2022)
- Investors on record: 2

## About

Based in Riyadh, Saudi Arabia, and founded in 2020 by its Chief Executive Officer, Turki AlAyyad, Chief Partnership Officer, Walid Al-Ghobain, and Chief Product & Technology Officer, Qays Bahurmuz, Qawafel, operates as an electronic marketing platform that links food product providers with retail stores. In March 2022, Qawafel raised USD 3 million in seed funding, co-led by new investors Al-Sayer Group Holding and Khwarizmi Ventures, with participation from individual investors.

Qawafel, through its platform, offers a business-to-business (B2B) marketplace for trading between shops and food producers. The company also provides a caravan market that deals in confectionery and refrigerated goods like chocolate, raw materials, drinks, and dates. As of 2022, the company serves 171 cities and villages and has registered more than 4,000 customers and 250 suppliers on its platform. Some of its clients are Gardenia, Pantheryoo, Lavera, and many more.

The company plans to use the March funding to accelerate its operations and growth, enhance its research and development, add new products and services, and enter new markets by the end of 2022.

## Funding rounds

- Seed, Mar 13, 2022, $3M — Khwarizmi Ventures, Al Sayer Group

## Investors

- Khwarizmi Ventures (https://capitalatlas.ai/funds/khwarizmi-ventures) — Seed
- Al Sayer Group — Seed