Soum
Buy & sell with convenience, trust, and ease.
Riyadh, Saudi Arabia · Founded 2021 · $22.0M raised
- Headquarters
- Riyadh
- Employees
- 51–200
- Founded
- 2021
- Business Model
- Marketplace
- Website
- soum.sa
- Total Funding
- $22.0M
- Last Round
- $18.0M Series ADec 2023
- Rounds
- 2
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
Soum is the leading Saudi Arabian marketplace for buying and selling used electronics, used cars, and collectibles, with a mission to enable convenient, trusted, and transparent peer-to-peer commerce in the MENA region. The platform differentiates through proprietary fulfillment and payment infrastructure, 100% device inspections, a 10-day return guarantee, and interest-free installment financing — making it the 10th most downloaded e-commerce app in Saudi Arabia in 2023 with over 5 million total app downloads. Backed by investors including Jahez Group, Isometry Capital, and Al Rajhi Partners, Soum facilitates hundreds of thousands of transactions across 150+ locations in the Kingdom while deploying AI-powered recommendations, dynamic pricing, and fraud detection to create a smarter, safer marketplace.
Summary
Soum is an E-Commerce company based in Riyadh, Saudi Arabia, founded in 2021. It has raised $22.0M in total across 2 rounds, most recently a $18.0M Series A round in Dec 2023. Investors include Jahez Group, Outliers Venture Capital and Khawarizmi Ventures.
Tech & App Stack
4 technologies & apps tracked
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Funding History
Dec 2023
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Funding: Seed through Series A. Amounts, valuations, and investors where available.
Investors
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