Tagged: Saudi

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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Invygo raises $1.9 million to grow its car subscription platform in UAE & Saudi

Dubai-headquartered car subscription platform Invygo raised $1.9 million in a pre-Series A round from Signal Peak Ventures, JS Group, Wealth Well, Knollwood Investment Advisory, Saudi Arabia’s Dr. Faisal Al Kadi, Khalid AlKhudairi, Ahmed Alola, and some other investors.

Since 2018, Invygo has been shopping the Middle East’s car subscription ecosystem, remodeling the automotive industry, and transforming customers’ experience. The platform provides its users with over 40,000 cars from 50 different brands at affordable prices. Invygo’s partnerships with Enterprise (Al Jomeih), Budget Saudi and Al Jabr in Saudi Arabia, as well as National Car Rental (Al Tayer), Diamondlease (Al Habtoor), and

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