Saudi car subscription app invygo gets a $1.9m pre-Series A funding booster

Stock - Car Subscription
Own, rent or subscribe? invygo wants Gulf consumers to think car subscriptions.
Image Credit: Shutterstock

Dubai: The car subscription portal invygo has signed up a further $1.9 million in Pre-Series A funding, as the Middle East’s mobility market keeps attracting a lot of investor interest.

The latest round had Signal Peak Ventures, JS Group, Wealth Well join invygo’s investor base, as well as the family offices of Saudi Arabia’s Dr. Faisal Al Kadi, Khalid AlKhudairi, Ahmed Alola. An existing investor, Knollwood, again participated in this round.

invygo allows users to ‘subscribe’ for their vehicle needs on a monthly basis, which

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