2
Total investments
1
Early stage
1
Mid stage
0
Late stage
4y
Years active
Portfolio
2 investments · sorted by recency
All investments
Early stage
Mid stage
Late stage
Seed Investor
Jul 2022
At Soum, were on a mission to build a marketplace that enables users to buy and sell anything online with convenience, trust, and ease starting in the MENA market. We began with second-hand electronics in KSA, becoming market leaders, and are now expanding to used cars and collectibles. In just two years, weve facilitated hundreds of thousands of transactions across 150+ locations in the Kingdom, maintained 10,000 active listings at any given time, earned the distinction of being the 10th most downloaded e-commerce app in KSA for 2023, and received more than 5 million app downloads.
Our team, Soumers, have worked in over 14 countries from the US to South Korea. We are always on the look out for the best and brightest to join. We look beyond resumes and titles, we look for the innovators, the hungry, the go-getters. We offer them the autonomy to experiment, learn, fail, and grow.
Every transaction on Soum is guaranteed; we hold funds until the item is delivered and confirmed by the buyer, thanks to our proprietary fulfillment and payment systems. This ensures a secure and reliable marketplace experience.
Soum has pioneered a solution that have transformed digital commerce for sellers in the wider region:
Individuals: Enjoy unique home pick-up and delivery services, secure payments, and transaction guarantees for worry-free selling.
Small Businesses: Sell faster and reach a wider audience with our dedicated "Merchant App."
Teleco and retail partners: Gain optimal returns with bulk-selling options, comprehensive inspections, and efficient warehouse management.
We deploy AI models to power our marketplace with personalized recommendations, dynamic pricing, predictive analytics, and fraud detection, ensuring a smarter, safer, and more efficient platform for our users.
Soum is backed by local and regional investors including, amongst others, Jahez Group, Isometry Capital, and Al Rajhi Partners and have raised $22Mn to date.
Seed Investor
Apr 2022
Nugttah is a customer retention platform in Saudi Arabia, offering data analytics reports, contactless pre-order services (Pickup), and customizable loyalty programs to help businesses retain and attract customers.
Our goal is to empower businesses with innovative solutions that build strong relationships with their customers.
Experience · 5 entries
All (5)
Investments (2)
Founder (1)
2026
Co-Founder
Jan 2026
Ask. Your building answers. Mabna.ai is the Saudi AI platform that runs modern buildings — one system for property management, facility operations, smart building controls, and resident experience. Built in Saudi, for Saudi buildings.
Our AI Assistant answers your teams questions in seconds: payments, tenants, maintenance, occupancy & access.
Book a live demo at mabna.ai.
2025
Venture Partner
Dec 2025
milemark•capital is an early-stage venture capital firm investing in diverse teams using applied-ai to rewrite existing business models.
2022
Seed Investor
Jul 2022
At Soum, were on a mission to build a marketplace that enables users to buy and sell anything online with convenience, trust, and ease starting in the MENA market. We began with second-hand electronics in KSA, becoming market leaders, and are now expanding to used cars and collectibles. In just two years, weve facilitated hundreds of thousands of transactions across 150+ locations in the Kingdom, maintained 10,000 active listings at any given time, earned the distinction of being the 10th most downloaded e-commerce app in KSA for 2023, and received more than 5 million app downloads.
Our team, Soumers, have worked in over 14 countries from the US to South Korea. We are always on the look out for the best and brightest to join. We look beyond resumes and titles, we look for the innovators, the hungry, the go-getters. We offer them the autonomy to experiment, learn, fail, and grow.
Every transaction on Soum is guaranteed; we hold funds until the item is delivered and confirmed by the buyer, thanks to our proprietary fulfillment and payment systems. This ensures a secure and reliable marketplace experience.
Soum has pioneered a solution that have transformed digital commerce for sellers in the wider region:
Individuals: Enjoy unique home pick-up and delivery services, secure payments, and transaction guarantees for worry-free selling.
Small Businesses: Sell faster and reach a wider audience with our dedicated "Merchant App."
Teleco and retail partners: Gain optimal returns with bulk-selling options, comprehensive inspections, and efficient warehouse management.
We deploy AI models to power our marketplace with personalized recommendations, dynamic pricing, predictive analytics, and fraud detection, ensuring a smarter, safer, and more efficient platform for our users.
Soum is backed by local and regional investors including, amongst others, Jahez Group, Isometry Capital, and Al Rajhi Partners and have raised $22Mn to date.
Seed Investor
Apr 2022
Nugttah is a customer retention platform in Saudi Arabia, offering data analytics reports, contactless pre-order services (Pickup), and customizable loyalty programs to help businesses retain and attract customers.
Our goal is to empower businesses with innovative solutions that build strong relationships with their customers.
2021
Partner
Aug 2021
E62 Ventures is a Venture Capital fund founded and led by MIT students and alumni. Our mission is to strengthen the MIT entrepreneurial community by becoming the first partner for early-stage MIT affiliated startups, offering them mentorship and support through our global network of investors. We also aim to democratize Venture Capital by lowering minimum investments and eliminating fees.
For inquiries, please contact us at: e62ventures@gmail.com
