The VCs who joined the round include Germany’s Crealize, Dubai-based Wamda, and Lebanon’s B&Y Venture Partners and Phoenician Funds. Some angels also participated in the round.
The round takes the total capital raised to date by Seez to $9.2 million. It’s last publicly disclosed funding round of $1 million was announced in August 2018.
Started in Lebanon by Tarek Kabrit and Andrew Kabrit, Seez that’s now headquartered in Dubai aggregates listings from different online platforms and its partners to list both new and used cars in the United Arab Emirates, Kuwait, and Saudi Arabia, Pakistan & South Africa on its web and mobile-based platform.
Its platform also comes AI-powered pricing and negotiation tools allowing users to get an idea of the estimated price of the cars they see on it and negotiate on their behalf.
Seez claims to have 1 million users and almost 500,000 cars listed on its platform, which it says, is the largest car catalog in the region.
The startup after building its platform and listing is now expanding into new services – one of which is an online buying option that allows users to purchase cars entirely online. It is not clear if the startup offers this service in all its markets.
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