COFE Tech closes pre-IPO financing at $178M valuation
COFE Tech closed a pre-IPO financing at a reported $178 million valuation; the amount invested was not disclosed.
Wa’ed Ventures, Aditum Investment Management, Masarrah Investment Company and Alyasra Foods backed the round.
The company plans MENA expansion and preparation for a targeted Saudi Exchange listing in 2029. At the September announcement it reported more than 1,000 business customers across Gulf markets.
Use of funds
Expand across MENA
Prepare for a targeted Saudi Exchange IPO by 2029