# Soum

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

- Industry: Internet
- Headquarters: Riyadh, Saudi Arabia
- Website: www.soum.sa
- Total disclosed funding: $22M
- Latest round: Series A (Dec 20, 2023)
- Investors on record: 5

## About

Founded in 2021, and based in Riyadh, Saudi Arabia, Soum Inc. operates a re-commerce marketplace in the MENA region. The company was founded by its CEO, Fahad Al Hassan, Fahad Albassam, and Bader Almubarak. In March 2022, Soum Inc. raised USD 4 million in seed funding led by new investor Outliers Venture Capital, with participation from another new investor, Khwarizmi Ventures, and individual investors. A

Soum operates an e-commerce platform where users in Saudi Arabia can buy and sell used electronic products. As of 2022, the company’s platform is available as an iOS mobile application and can also be accessed through a browser as a web application.

The company plans to use the March 2022 funding to further support its platform and market expansion efforts.

## Funding rounds

- Series A, Dec 20, 2023, $18M — Al Rajhi Capital, Khwarizmi Ventures, Jahez International Company, Outliers Venture Capital, Isometry Capital
- Seed, Mar 14, 2022, $4M — Khwarizmi Ventures, Outliers Venture Capital

## Investors

- Khwarizmi Ventures (https://capitalatlas.ai/funds/khwarizmi-ventures) — Seed, Series A
- Outliers Venture Capital (https://capitalatlas.ai/funds/outliers-venture-capital) — Seed, Series A
- Al Rajhi Capital (https://capitalatlas.ai/funds/al-rajhi-capital) — Series A
- Jahez International Company — Series A
- Isometry Capital — Series A