Foz App Closes Pre-seed Investment Round Worth 2 Million SAR to Expand Digital Marketing Services

- Foz App Closes Pre-seed Investment Round to Activate Innovative Marketing Solutions
- The round focuses on supporting the Saudi market and the region, as well as developing marketing services
- A daily auction system to empower startups
The Saudi application Foz App, which specializes in providing innovative marketing solutions based on digital coupons for businesses, has announced the successful closure of a Pre-seed investment round worth 2 million SAR, which took place in the last quarter of 2024.
This round represents a significant step toward strengthening the app’s capabilities and increasing its impact in the Saudi and regional markets within the field of digital marketing.
According to Abdullah Al-Shalahi, the founder and CEO of Foz, the funding will be allocated to accelerate growth and develop the core technologies on which the app relies.
These funds will be directed towards enhancing the user experience and refining the app’s prototype, ensuring the delivery of the best solutions for the company’s clients, including institutions and businesses.
Part of this funding will also be used to enhance the innovative offerings provided by the company and expand its strategic partnerships with both local and international organizations, aiming to achieve shared goals that contribute to accelerating growth and increasing sales.
“Foz” is one of the companies offering digital marketing solutions based on coupons that provide attractive discounts of up to more than 50% on various products and services.
This significantly contributes to attracting new customers and substantially boosting sales for companies participating on the platform.
The company focuses on providing innovative solutions that help businesses reach their target audience at competitive prices, without the need for expensive marketing costs.
Among the services provided by “Foz” is the daily auction system, which allows businesses to sell their products or services at lower-than-market prices.
This mechanism enables companies to reach a wider audience, increasing brand visibility and daily sales effectively.
This system is considered one of the app’s key features, as it helps attract customer attention and encourages interaction with the offers provided.
Through this investment round, “Foz” aims to strengthen its position in the Saudi and regional markets as one of the leading companies in the digital coupon industry.
It also seeks to provide significant added value to both the business sector and customers alike, through digital solutions that enable companies to achieve their strategic sales goals without incurring additional marketing costs.
The company also strives to become a trusted strategic partner for businesses across various sectors, by offering innovative solutions that contribute to achieving sales goals and fostering growth.
The “Foz” team aspires to open new chapters of innovation and development in the digital solutions sector for businesses, making the app the first choice for organizations looking for effective ways to reach their customers and expand their consumer base.
“Foz” believes that the Saudi market is witnessing significant growth in e-commerce and digital marketing, placing it in a strong position for competition and innovation.
With its investment in technology and product and service improvement, the company aims to achieve leadership in this exciting and growing sector, while working to realize a national vision that aligns with the digital transformations occurring in both the local and global markets.