# Zension Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zension-technologies

- Industry: Insurance
- Headquarters: Dubai, United Arab Emirates
- Website: www.zensiontec.com
- Total disclosed funding: $30M
- Latest round: Series A (Jan 7, 2025)
- Investors on record: 3

## About

Zension Technologies, based in Dubai, United Arab Emirates, delivers innovative subscription-based device services, enabling access to the latest personal technology while promoting sustainability through a circular economy.Founded in 2014, Zension Technologies operates in the device services sector, focusing on providing accessible technology solutions. The company has not undergone any significant strategic pivots since its inception. Zension is headquartered in Dubai, United Arab Emirates. The founder's specific history is not publicly detailed. Zension Technologies has raised a total of USD 30.00 mn across multiple funding rounds, with the latest being a Series A round on January 7, 2025, led by Saudi Aramco Entrepreneurship Ventures, and supported by Global Ventures and Sumitomo Corporation.Zension specializes in providing a comprehensive suite of device services centered around its flagship offering, Zaam. Zaam allows customers to access the latest personal tech devices through a subscription-based model, eliminating high upfront costs. Subscribers enjoy flexible terms, including the option to upgrade devices after a 12-month period, alongside unlimited repairs and replacements. This service promotes affordable access to technology and sustainability by extending device lifecycles. Zension's clientele primarily includes individual consumers in the Gulf Cooperation Council (GCC) region, particularly in the United Arab Emirates and Saudi Arabia, as well as partnerships with major retailers for device buyback and warranty services.Zension's revenue model is driven by its subscription service, Zaam, generating recurring income through monthly fees for tech device access. Additionally, Zension partners with retailers, enhancing customer value through guaranteed buyback options. The company also engages in device trade-ins, allowing customers to receive cash for unwanted devices, promoting environmentally responsible practices. These diverse revenue streams reinforce Zension's market position, aligning with its commitment to integrating circular economy principles into the technology sector.In January 2025, Zension Technologies raised USD 30.00 mn in Series A funding, led by Saudi Aramco Entrepreneurship Ventures, with participation from Sumitomo Corporation and returning investor Global Ventures. This funding will be utilized to accelerate growth in Saudi Arabia’s smartphone market, indicating a strategic focus on expanding its market presence in that region.

## Funding rounds

- Series A, Jan 7, 2025, $30M — Sumitomo Corporation, Saudi Aramco Entrepreneurship Ventures, Global Ventures
- Series A, Jul 1, 2018 — Global Ventures

## Investors

- Global Ventures (https://capitalatlas.ai/funds/global-ventures) — Series A
- Sumitomo Corporation — Series A
- Saudi Aramco Entrepreneurship Ventures (https://capitalatlas.ai/funds/saudi-aramco-entrepreneurship-ventures) — Series A