Sanabil Investments Leads Series C Round in B2B Marketplace Sary
Posted on 12/19/2021
Sanabil Investments, a sovereign wealth enterprise of Saudi Arabia’s Public Investment Fund (PIF), made an investment in Sary. Sary is Saudi-based digital B2B marketplace connecting businesses to wholesalers.
Sanabil Investments lead the US$ 75 million series C funding round. Kuwait-based Wafra International Investment Company and Endeavor Catalyst also participated in the round, alongside existing investors STV, MSA Capital, Rocketship.vc, VentureSouq, and Ra’ed Ventures.
Sary raised US$ 30.5 million in a series B round in May 2021 and US$ 6.6 million in a series A round in April 2021.
Keywords: Public Institution for Social Security (PIFSS).