Pre-seed · Edtech
AREP closes pre-seed financing led by Golden Assets Investment
The undisclosed round will support product development and expansion in Saudi Arabia, with wider regional growth a later ambition.
The financing is AREP’s first disclosed round. It follows support from Saudi technology and entrepreneurship programmes, including MVPLAB and BOOST at The Garage.
AREP plans to develop its laboratory education and procurement products and grow domestic operations. The existing training business gives it a base to build on, while the marketplace is still presented as coming soon on the company’s site. Regional expansion is part of its longer-term plan rather than an operating footprint established by this announcement.
Use of funds
Develop technology products
Expand operations in Saudi Arabia
Funding history
Pre-seed · This roundUndisclosed