Soum is a consumer-to-consumer (C2C) marketplace provider with a focus on second-hand goods. Soum’s mission is to re-imagine recommerce in the MENA region and beyond by providing a platform that guarantees safe transactions between buyers and sellers. Soum holds your money until you make sure that your product matches the specifications, and provides you with a variety of products at clear and competitive prices. Soum delivers your product from the seller to your doorstep. Soum ensures that the goods are as described, or they will refund your money in full.
Employees: 11-50
Total raised: $4M
Investors 1
| Date | Name | Website |
| - | Khwarizmi ... | khwarizmiv... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 13.03.2022 | Seed | $4M | - |
Mentions in press and media 5
| Date | Title | Description |
| 17.01.2024 | Secondhand product marketplace Soum raised $18 M Series A funding from Jahez | The secondhand product marketplace Soum, with its headquarters in Riyadh, has raised $18 million in Series A funding. Leading this funding round is Jahez, with participation from Khwarizmi Ventures, Alrajhi Partners, Outliers Venture Capita... |
| 02.01.2024 | "We Got Funded!" KSA-Based Soum Raises US$18 Million In A Series A Round Led By Foodtech Unicorn Jahez Soum has already achieved four million downloads within Saudi Arabia and is already see... | - |
| 21.12.2023 | Saudi Arabian platform for used-electronics Soum raises $18m Series A | Saudi Arabia-based used-electronics platform Soum has raised $18 million in a Series A funding round, the company announced in a LinkedIn post on Thursday. |
| 20.12.2023 | Re-commerce marketplace Soum gets $18M backing to scale in MENA | The global re-commerce market is poised for growth as consumers increasingly settle for pre-owned goods to save on cost, and as some observe conscious consumption. With the global re-commerce market expected to continue its growth spurt, ma... |
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