KSA’s Quantum to Expand into Egypt & UAE After $2.6 million Investment

The still very young startup aims to revolutionise and transform short-distance travel in KSA and GCC.

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Date
04/04/2021 18:26

KSA-based, tech-powered marketing platform, Quantum, has announced plans to expand into Egypt and UAE, following a $2.5 million seed round led by Tech Invest Com and Vision Venturesm with participation from 500 Startups and several angel investors.

Self-described as a data-powered marketplace for marketers to acquire customers, Quantum was founded in 2018 by Omar Malaikah and offers online marketing tools to launch and grow brands, ranging from targeted sampling to e-commerce media buying. The startup offers its services across 12 cities in KSA and Kuwait and claims to be able to help brands reach up to 40% ROI.

With the investment, the startup also hopes to develop its tech and expands its team.

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