AREP Raises Pre-Seed Funding to Expand Laboratory Technology in Saudi Arabia

The company will use the funding to develop its technology products, expand operations across Saudi Arabia and prepare for future regional expansion.

What is AREP?

AREP is an education technology and research enablement company focused on addressing skills and procurement gaps in educational and research laboratories.

The company operates through two main products, AREP Academy and AREP Marketplace. AREP Academy provides laboratory science and research training through digital courses, laboratory simulations, knowledge resources and practical workshops.

AREP Marketplace is a digital platform for sourcing scientific equipment and supplies. It aims to help educational and research institutions manage laboratory procurement and supply chain requirements.

Funding Details

AREP's latest pre-Seed round was led by Golden Assets Investment. The funding amount was not disclosed.

This is the company's first disclosed funding round. No other investors were named in the funding announcement.

How Will AREP Use the Funding?

AREP will use the new capital to further develop its technology products and expand its operations across Saudi Arabia. The company also plans to lay the groundwork for potential regional expansion.

Who Founded AREP

AREP was founded in 2023 by Hussain Alhamami, Ibrahim Asiri, Rayan Ahmed and Alhanouf Alhmammi. The company was created to address laboratory skills gaps and improve access to scientific equipment and supplies.

Its development has received support from Saudi technology and entrepreneurship programmes, including MVPLAB and BOOST at The Garage, as well as the National Technology Development Program (NTDP).

Market and Business Growth

AREP is building its business around two areas: laboratory training and research supply procurement.

Its Academy combines digital learning with practical laboratory workshops, while its Marketplace focuses on the supply of scientific equipment and laboratory products.

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