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HomeSaudi Arabia Saudi Arabia Based WheeKeep Secures $8 Million Series A Funding

[FUNDING NEWS] Saudi Arabia Based WheeKeep Secures $8 Million Series A Funding

WheeKeep, the leading Saudi firm in self-storage solutions, announces the completion of a Series A financing round of over 30 million Saudi riyals, headed by the American company Fintech Collective. The round featured well-known investors from Saudi Arabia and overseas.

WheeKeep, the leading Saudi firm in self-storage solutions, announces the completion of a Series A financing round of over 30 million Saudi riyals, headed by the American company Fintech Collective. The round featured well-known investors from Saudi Arabia and overseas.

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It was, founded in 2020, offers mobile self-storage unit solutions to individuals and organisations. Its devices are weatherproof, have cutting-edge security features, and provide delivery and retrieval services at any time and from any location. The company also provides all storage and transportation equipment and tools.

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Fintech Collective is a significant American investment firm in the financial technology area, noted for investing in startups that are disrupting multiple sectors.

Youssuf Fayez, co-founder and partner of WheeKeep, said, “This investment represents a strong boost for us. It will enable us to improve our services, expand our presence in the Kingdom, and enhance our technology-based offerings. We aim to redefine self-storage solutions by focusing on customer needs and building strategic partnerships that prioritize user experience.”

Amr A. Almarzouki, co-founder and partner of WheeKeep, added, “We are not only seeking growth but also reimagining the possibilities of self-storage and transportation services. We are committed to innovation to meet the evolving needs of our customers, ensuring that the name WheeKeep remains synonymous with excellence and convenience.”

This fundraising round marks a significant milestone in WheeKeep’s development. It will allow the company to expand its operations and reinforce its position as a leader in self-storage solutions in the Kingdom of Saudi Arabia.

About WheeKeep

WheeKeep offers portable storage options to keep your belongings safe.

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