Saudi Arabian startup Fitting (فيتنق) has closed a $500,000 pre-seed funding round from a strategic angel investor. The company confirmed that this funding represents a first step in its growth path, enabling it to expand its operations and build strong partnerships to support the development of the construction sector in the Kingdom.
By the Numbers
The new funding will fuel the early-stage growth of the construction tech platform:
- $500,000: The total value of the pre-seed funding round.
- Founded in 2024: The year the company was launched by Abdulaziz Al-Mubayidh.
Reinventing the Construction Supply Chain
Fitting aims to reinvent the supply chain in the construction sector through its platform that connects wholesale suppliers with retailers and real estate developers in the Saudi market. The goal is to enhance efficiency and transparency in the building materials market. The company operates in the market of raw materials, building materials, and concrete foundations.
A Platform for Seamless Procurement
The platform facilitates supply operations by providing several key features, including:
- Integrated customer services.
- Instant payment to suppliers.
- Flexible payment options for buyers.
- The ability to consolidate diverse orders into a single invoice.
Source: Jawlah
