Rekaz Raises $5 Million to Revolutionize Service Businesses
Deal News | Jul 08, 2025 | Zawya
Rekaz, a Saudi-based software platform, has secured $5 million in seed funding to enhance its product and expand its reach across the GCC and neighboring regions. This investment round was spearheaded by COTU Ventures, with contributions from Impact46, Shorooq, Numrah Capital and angel investors. Rekaz aims to transform service-based businesses, like gyms and salons, by offering an integrated platform that manages scheduling, payments, and client engagement, similar to what Shopify accomplished for e-commerce. Their platform is designed to ease operational burdens through AI-powered insights, helping service-centric SMBs operate more efficiently. Amidst strong traction, with over 7,000 businesses using the platform, the funds will not only bolster product development and AI advancements but also aid geographical expansion. The venture is seen as a transformative force for the service economy in the MENA region.
Sectors
- Software and IT Services
- Venture Capital
- Service Industry
Geography
- Saudi Arabia – Rekaz is a Saudi-based company and the article highlights its role and developments in the region.
- Middle East and North Africa (MENA) – The article mentions expansion plans for Rekaz across the GCC and wider MENA region, illustrating its geographical target.
Industry
- Software and IT Services – Rekaz is a software platform providing an end-to-end system for service businesses, focusing on operational efficiency through digital solutions.
- Venture Capital – The article discusses seed funding led by COTU Ventures, highlighting the role of venture capital in growing tech-based service solutions.
- Service Industry – Rekaz targets service businesses such as gyms and salons, aiming to enhance their operations and client management through technology.
Financials
- $5 million – Seed funding amount raised by Rekaz to scale its product and expand regionally.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Rekaz | Target Company | Company | A Saudi-based software company transforming service businesses through a comprehensive digital platform. |
| COTU Ventures | Lead Investor | Company | A venture capital firm focused on transformational investments in the MENA region's early-stage companies. |
| Impact46 | Investor | Company | A venture capital firm participating in Rekaz's seed funding round. |
| Shorooq | Investor | Company | An investment firm backing Rekaz and noted for its work with innovative technology companies in MENA. |
| Numrah Capital | Investor | Company | A capital firm involved in the seed funding of Rekaz. |
| Abdulrahman Alomran | CEO and Co-founder | Person | CEO and co-founder of Rekaz, leading the company's mission and vision. |
| Abdulaziz Alkharashi | CTO and Co-founder | Person | CTO and co-founder of Rekaz, contributing to the technological development of the platform. |
| Amir Farha | General Partner | Person | General Partner at COTU Ventures, highlighting the investment's strategic importance. |
| Yousef Albabtain | Partner | Person | Partner at Shorooq, commenting on the strategic potential of Rekaz's platform. |
| Tarek Fouad | Chief Marketing Officer | Person | CMO at Shorooq, managing communication and press releases. |