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Saudi fashion startup Aya completes $1.6m funding round
Aya, a Saudi Arabia-based ecomm platform, has completed a US$1.6 million seed funding round.
The funding was led by Khwarizmi Ventures and included contributions from Raed Ventures, Joa Capital, FENA Holdings, Turki Alrajhi, and several angel investors.
The funds will be allocated to product development, market expansion, and enhancements to platform capabilities.
Founded in 2024 by Munira Al Kadi and Abdulrahman Al Ammar, Aya aims to forecast fashion trends and connect local manufacturers with consumer demand to create popular styles.
Aya operates within the modest fashion sector. It uses real-time customer insights to improve manufacturing and supply chain efficiency in the industry.
Recent Aya developments
| Timeline |
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05-Sep-2022 🚀 Ayala’s VC arm leads $7.5m round of SG procurement firm
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02-Oct-2020 🌐 Philippine conglomerate Ayala closes new VC fund at $180m
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08-Jun-2020 🌏 Ayannah reveals merger; new entity seeks up to $50m in series B round
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25-Nov-2019 💸 Forget e-wallets. Ayannah taps agents to serve the unbanked and it’s growing fast
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