Saudi advertising solutions company, Sweply, has successfully closed a Seed funding round, raising 7.5 million SAR (2 million USD) with participation from Sanabil 500 Global and Salla.
Commenting on the round, Wael Hassan, co-founder and CEO of Sweeply, stated, “We are delighted to have the support of Sanabil 500 Global and Salla at this crucial stage of our journey.
Their investment reflects confidence in our vision to revolutionize ad technology with data-driven innovative solutions that deliver tangible results for both advertisers and publishers.”
Sweeply leverages artificial intelligence and machine learning algorithms to optimize ad placements, increase engagement, and maximize conversions across digital channels.
Amaal Dukhan, a partner at Sanabil 500 Global, expressed her confidence in Sweeply’s ability to transform the advertising industry with its innovative approach.
She noted that their focus on using data to achieve measurable ROI aligns with their investment thesis.
Ibrahim Mathar, co-founder and Chief Product Officer at Sweeply, emphasized the company’s commitment to enhancing and developing digital advertising.
He highlighted that they have launched ads for around 17,000 advertisers across various sectors in the Gulf and Arab markets.
“This drives us to continue our diligent work to dominate the Arab and global markets and shape the future of digital advertising,” he added.
Sweeply plans to use the investment to expand its team and accelerate product development, strengthening its market position and meeting the growing demand for advanced ad tech solutions.
