Egypt’s Wuilt bags $535K seed funding to expand to KSA

Egypt's Wuilt bags $535K seed funding to expand to KSA
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Egypt-based Wuilt, a SaaS Arabic website builder, on Tuesday, raised $535K in a seed funding round from DAAL VC, MENA Tech Fund, some MENA-based angel investors, and follow-on funding from Flat6Labs Cairo.

Launched in 2019 by Ahmed Rostom (CEO), Mohamed Hegazy (CTO), and Mahmoud Ayoub (COO), Wuilt enables users to build professional websites on their own in just 5 minutes, without the need of learning to code, and cost-effectively. The company claims that it currently serves over 30,000 users across Egypt and Saudi Arabia.

Speaking of the core-offering of Wuilt, Ahmed Rostom, in a statement said,

“We came across many friends and businesses struggle to get a professional website designed to their style and design especially in Arabic. This highly motivated us as a team to bridge this gap by providing a solution and hence Wuilt was created and launched. Today, Wuilt’s all-in-one Arabic platform offers a range of features to fit businesses of all sizes and across all industries. Wuilt takes the hassle out of web designing and saves you time. In minutes, your business can have a sleek, and professional website.”

Commenting on the investment round, Rostom, said,

“We are delighted to have leading investors believe in our business model and provide the necessary advice and support to progress our growth potentials. We look forward to working closely with them and successfully achieve our short-term and long-term objectives.”

Adding lines about the spike in user base amid the COVID-19 scenario, Rostom added,

“We witnessed a spike in the number of users and have seen a continuous increase in the number of users intending to shift their operations online since the onset of Covid-19. Our strategy is to provide the best solutions for all businesses in any sector, particularly, extending our platform to entrepreneurs, solopreneurs and small businesses.”

Marie-Therese Fam, Managing Partner of Flat6Labs Cairo, said,

“Flat6Labs has been a true believer in Wuilt since they first pitched their business, and we’ve been lucky to partner with them early on. The promising traction to date, the huge market opportunity in the MENA region, and the amazing team behind Wuilt, were true assurances for us to increase our exposure to Wuilt in their second round. We wish the team all the best and look forward to continuing to support the business till it reaches its true potential.”

Omar Hassan, Managing Partner at MENA Tech Fund said,

“We​’re really excited to be part of this journey with Ahmed, Mohammed, Mahmoud, and the entire team. We believe in the early traction they’ve achieved, but more importantly, the functionality and roadmap are what will make Wuilt a success in the coming period.”

Abdulrahman Alqahtani, CEO of DAAL VC, stated,

“Innovative startups equipped with the right team who are focused on excelling in their journey are part of the qualities we at DAAL look for in our investments. In Wuilt we found it all. Enabling SMEs by providing them with state-of-the-art technology to create their business’ digital frontier is not an easy task. The market that Wuilt is serving is considered to be the future of most of our regional economies. With robust solutions and scalable technology, we believe Wuilt will become a great success story in the near future.”

Wuilt had joined Flat6labs Cairo accelerator in 2019 and received huge support and ended the cycle by doubling their customer base. The company said that the fresh capital will be deployed to deepen its capabilities and expand its footprints in the Kingdom of Saudi Arabia, which comprises nearly 30% of its customer base.

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