Cloud Shelf Raises $3.77 Million in Pre-series A
Cloud Shelf will use the funds to enhance its growth by acquiring a larger customer segment by doubling its expansion into new market sectors.
Saudi-based dark stores startup Cloud Shelf has closed SAR 14.15 million ($3.77 million) in a pre-series A investment round.[1]
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The round saw the participation of Jahez, Razam Investment, Impact46, GSI Ventures, and Sidra Ventures.
Founded in 2021, CloudShelf, through its technology system and closed or dark stores, enables brands to increase their sales through geographical expansion through delivery applications and offer instant delivery to their customers within 60 minutes to improve their customer experience and increase their sales.
Cloud Shelf was able to complete more than one million successful orders through 16 closed stores, and it currently serves 10 cities and governorates in the kingdom through 12 different selling platforms.
Cloud Shelf will use the funds to enhance its growth by acquiring a larger customer segment by doubling its expansion into new market sectors, in addition to expanding geographically in the kingdom’s main cities.