KSA’s SaaS Platform Slide Raises $1.75 Million in Pre-Seed Round

Slide, a Saudi-based Software as a Service (SaaS) platform, has raised $1.75 million in a pre-Seed round from Unifonic, alongside strategic angel investors in the region.

Founded in 2021 by Faisal Albaraiki, Slide enables businesses to transform their social media channels into online ordering platforms, helping them generate new revenue streams. The platform, touted as a one-stop solution for businesses, manages all aspects of online orders including point of sales, payment gateways, last-mile delivery, and customer care, delivering a seamless experience to customers across multiple channels.

“We were overwhelmed by the response we received after our beta launch last year,” Faisal Albaraiki, Founder and CEO at Slide, tells StartupScene. “It was only then when we realized that the opportunity was substantially bigger than what we had originally anticipated, which emboldened us to double down and accelerate our expansion across the region.” 

The new funds will be used to help the startup expand across the GCC following its beta launch in December 2021.

The SaaS space in KSA has been growing steadily this year, with local startups seeing some investor interest in this space such as Lucidya raising $6M in a Series B round; Glamera raising $1.3 million in seed funding; and Penny raising $5 million in a seed round earlier this year.