Revie Secures $2.5M Seed Funding to Revolutionize Renovation Industry
Deal News | Jan 07, 2025 | Zawya
Revie, a tech-enabled platform based in Saudi Arabia, has successfully raised $2.5 million in a seed funding round led by Sanabil Venture Studio by Stryber. This investment will enable Revie to further its mission of providing innovative renovation solutions to homeowners, investors, and businesses in Saudi Arabia. The company aims to use the funds to scale operations, enhance its technology offerings, and improve the overall customer experience. Revie's platform offers a seamless renovation process that connects customers to a curated network of contractors and designers. According to Ibrahim, Founder and CEO of Revie, this investment reflects confidence in the company’s vision to redefine the renovation industry with the support of Sanabil Venture Studio. Sanabil's involvement is aligned with Saudi Arabia's Vision 2030, aiming to boost entrepreneurship and tech-driven services. Additionally, Sanabil Venture Studio is actively creating technology ventures in the Kingdom, with Revie being one of their first investments.
Sectors
- Technology
- Construction & Renovation
- Venture Capital
Geography
- Saudi Arabia – Revie is a Saudi-based company, and this investment aligns with the country's Vision 2030 initiatives.
Industry
- Technology – Revie operates as a tech-enabled platform that improves the home and commercial renovation process.
- Construction & Renovation – Revie's primary business focus is on home and commercial renovations, simplifying the process using technology.
- Venture Capital – Sanabil Venture Studio's investment in Revie demonstrates active venture capital investment in innovation-driven startups.
Financials
- $2.5 million – The amount raised by Revie in its seed funding round led by Sanabil Venture Studio.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Revie | Target Company | Company | A Saudi-based tech-enabled renovation platform aimed at streamlining the renovation process. |
| Sanabil Venture Studio by Stryber | Investor | Company | A venture studio initiative by Sanabil Investments in partnership with Stryber, focusing on nurturing scalable tech ventures in Saudi Arabia. |
| Ibrahim | Founder & CEO | Person | Founder and CEO of Revie, leading the company's mission to transform the renovation industry. |
| Rayan Aebi | CEO & Chairman of the Board | Person | CEO of Sanabil Venture Studio by Stryber and Chairman of the Board of Revie. |