The investment will further support Garage’s expansion into new markets in Saudi Arabia.
KSA-based Garage, a startup that digitises the service sector for cars, has successfully closed a $600,00 deal with angel investors.
“In Garage, we are targeting a huge market whose size exceeds $3 billion, with an annual growth rate of more than 5%,” Osama AlSalloum, founder and CEO of Garage, said. “In Garage, we aim to build a platform that works with the existing market and does not compete with it, as we aim to be a gateway for all traditional service providers to digitise their services and take a step forward towards their customers”.
The newly-acquired funds bring the company’s valuation to $3 million, and will be used to fuel expansion across the Kingdom while expanding their services.