Quantum Platform raises US $ 2.6 million

Quantum Platform, a Saudi based startup that provides a one-stop marketplace to acquire new customers, announced on 4th April 2021 that it has raised US $ 2.6 million in seed funding round. The round was co-led by Vision Ventures and Tech Invest Com along with participation from 500 Startups.

Investors: Vision Ventures is a Saudi Arabia based investment firm that was founded in the year 2016. It focuses on investing in early and seed-stage startups primarily in the areas of cloud and mobile, smart transportation, and e-commerce & cybersecurity. It has so far made around 38 investments and its portfolio includes companies like Sibly, Malaeb, Bayzat, Caramella and more.

Tech Invest Com similarly is a Saudi based investment firm and it was founded in the year 2005. It invests in innovative technology companies in their growth stage mainly in the MENA region. Its portfolio includes companies such as Foodics, Bayzat, Estarta and more.

The funds from the current round of investment would be utilised by Quantum Platform to further develop its technology, expand its team and grow its reach.

Logo of Quantum Platform

About Quantum Platform:

Quantum Platform was founded in the year 2017 as a platform for companies to grow their brand & acquire more customers, and provider of targeted sampling solutions. Its intelligent algorithms help organisations to reach out to the right customers in a simple and streamlined manner.

Here’s a brief look at how it works:-

Quantum first collects information from organisations about their products, objectives and ideal customers. Then its algorithms help in finding the target customers who could be reached out to via its live events and partners. Once the brief is approved, Quantum completely handles the logistics and distribution part of the campaign. And in the meantime organisations are provided with real-time feedback, data and analytics of their campaign.

What the founder has to say:

“We are privileged to have leading investors who understand our business model and back our vision.During Covid-19 we worked closely with our clients and helped them continue their marketing activities by taking advantage of Quantum’s technology to further growth their business.”—Omar Malaikah, founder of Quantum Platform.

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Raghavendra writes about the startup ecosystem on VC Bay. He is a final year undergrad at Indian Institute of Management and Commerce. Besides being a sports enthusiast, he is passionate about the world of finance and startups.


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