MDD Saudi Arabia Secures Series A Investment
The investment will support MDD’s growth, enabling further expansion and service development.
Saudi Arabia-based logistics startup MDD has closed a Series A investment round, selling a 5% stake in the company. While the specific financial details were not disclosed, the investment was made by an individual investor, valuing the company at over SAR100 million ($26.67 million).[1]
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Founded in Riyadh in mid-2019, MDD integrates financial technology with supply chain and procurement management, offering solutions from order initiation to financing, sourcing, and payment through its proprietary "OFSP" methodology.
MDD already received preliminary approval from the Saudi Central Bank (SAMA) for its business model.
The investment will support MDD’s growth, enabling further expansion and service development.
