# Speero

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

- Industry: Internet
- Headquarters: Riyadh, Saudi Arabia
- Website: www.speero.net
- Latest round: Seed (Mar 1, 2020)
- Investors on record: 4

## About

Founded in 2017 and based in Riyadh, Saudi Arabia, Zawaya Al Tamayuz, trading under the name Speero, provides an online solution that allows buyers to order auto parts from car dealers and shops through its mobile application. The platform has more than 300 registered auto part dealers, 200 car repair workshops, and serving more than 400,000 customers in Saudi Arabia. The company raised a capital injection in 2019 from Misk500 Startups, Impact46, Derayah Financial, and 500 Startups. In 2021, the firm raised venture funding from Nuwa Capital and Eq2 Ventures at SAR 6.75 million. Speero works with buyers and auto parts dealers, by offering an online marketplace for auto parts through its mobile application. The platform shows different auto parts from different car brands, with their corresponding price. Speero generates revenue by providing an online marketplace for auto parts dealers and shops to engage their business in the mobile application, allowing buyers to use the platform and buy auto parts from brands such as Lexus, Kia, Hyundai, and Toyota. The company will use the July 2021 funding to support the development of its logistics infrastructure and expand its management team.

## Funding rounds

- Seed, Mar 1, 2020 — 500 Global, Derayah Ventures, Impact46
- Seed, Mar 18, 2019 — 500 Global, Derayah Ventures, Misk500 Startups, Impact46

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Derayah Ventures (https://capitalatlas.ai/funds/derayah-ventures) — Seed
- Misk500 Startups — Seed
- Impact46 (https://capitalatlas.ai/funds/impact46) — Seed