Jordanian B2B E-Commerce Platform Aumet Closes USD 1.25M Seed Round

B2B e-commerce marketplace, Aumet, has just closed a USD 1.25 million seed round from VC Right Side Capital, TechStars and Plus and Play. The marketplace aggregates bulk orders from healthcare providers, leading to discounted prices from manufacturers. The products are then delivered door-to-door. Aumet was founded in Jordan and is currently headquartered in the US, though it maintains subsidiaries in Jordan, as well as UAE and France

The startup will be using the funds to automate the process of ordering between buyers – healthcare providers and distributors – and medical manufacturers. In addition they aim to take on 10,000 medical manufacturers to utilise the platform, target buyers from GCC countries and grow their SKUs to 50,000.

Aumet – which was selected in 2017 and 2019 by the World Economic Forum as one of the best 100 startups that form the fourth industrial revolution -  also carry out an automated process for assigning distributors to medical manufacturers, through Saurus, Tagging Crawler and Matching Algorithm. Founded by Yahya Aqel, Mohammad Issa and Jamal Abusamra, the startup is currently growing 20% MOM and has invoiced USD 30,000,000 in Q2 of 2020.

“Normally, creative ideas come from the West to the East,” commented Aqel, “Aumet is the first e-commerce [platform] between medical manufacturers and buyers starting from the Middle East and scaling to the West.”