Wheekeep’s Series A Funding Round Raises SAR 30 Million, With Elite International Investors Joining to Propel the Logistical Evolution in the Kingdom

WheeKeep, a Saudi-based company that specializes in portable storage solutions, is excited to announce the successful closure of more than SAR 30 million Series A funding round, a significant step towards its ambition of regional expansion. This investment milestone demonstrates the strong confidence our backers have in WheeKeep’s innovative approach, further cementing our commitment to transforming the storage and moving sector with our secure, efficient, and user-friendly services.

Fintech Collective led this funding round, which includes participation from prominent international and local investors. Their involvement is a significant endorsement of WheeKeep’s strategy and growth potential. The round is noteworthy as it marks one of the earliest applications of international venture investments into a fully Saudi-domiciled startup . This shift is attributed to the new Saudi Companies Law, which has greatly simplified the investment process and has attracted foreign direct investments to the Kingdom.

The enthusiasm from our investors is palpable. Fintech Collective lauded WheeKeep for its scalable model and potential to revolutionize the storage industry while praising the company’s innovative edge, stating, “WheeKeep is poised for substantial growth, reshaping how storage solutions are perceived and utilized. We’re investing in a future where WheeKeep leads the market through innovation.”

Youssuf Fayez and Amr AlMarzouki, WheeKeep’s Co-Founders, have been pivotal in navigating the company’s journey. “This investment propels us forward, enabling strategic enhancements in technology and service excellence across the region,” Youssuf Fayez shared. “We aim to establish WheeKeep as the epitome of reliability and convenience in our field, ensuring our customers always have peace of mind.”

The investment will bolster WheeKeep’s mission for broader geographic presence and continuous improvement of our tech-driven offerings. By focusing on customer needs and leveraging strategic partnerships, WheeKeep is set to redefine storage solutions, making them more accessible and user-centric than ever before.

Amr AlMarzouki emphasized the forward-looking vision of the company, “This new chapter is not just about growth but about reimagining the possibilities in storage and moving services. We are committed to innovation that meets the evolving needs of our customers, ensuring WheeKeep remains synonymous with excellence and convenience.”