What is Cartlow?
Cartlow is a mobile application operating in the UAE, designed to bridge the gap between consumers seeking deals and retailers managing overstocked or returned products. By partnering with leading retailers and distributors, Cartlow offers certified pre-owned, returned, and overstocked items, including electronics, appliances, and toys, at competitive prices. The platform aims to provide a seamless shopping experience with after-sales service and warranties, thereby maximizing the value of functional goods and benefiting both buyers and sellers.
How much funding has Cartlow raised?
Cartlow has raised a total of $20M across 2 funding rounds:
Other Financing Round
$2M
Unspecified
$18M
Other Financing Round (2020): $2M with participation from Arzan Venture Capital and Vision Ventures
Unspecified (2022): $18M led by Alsulaiman Group
Key Investors in Cartlow
Alsulaiman Group
Alsulaiman Group is a diversified investment conglomerate based in Jeddah, Saudi Arabia, with extensive operations in retail, e-commerce, and consumer services across the GCC and MENA regions. Their investment in Cartlow likely aligns with their strategy to bolster their e-commerce and retail offerings.
Arzan Venture Capital
Arzan Venture Capital is an investment firm that supports early-stage technology companies. Their participation suggests a belief in Cartlow's innovative approach to the retail sector and its potential for scalable growth.
Vision Ventures
Vision Ventures is an investment firm specializing in early-stage new media and software businesses, known for backing entrepreneurs with strong product vision and market potential. Their involvement indicates Cartlow's alignment with innovative, growth-oriented ventures.
What's next for Cartlow?
With the recent injection of major strategic capital, Cartlow is poised for accelerated growth and market penetration. The company is likely to focus on expanding its product categories, enhancing its logistical capabilities, and potentially broadening its geographical reach within the MENA region. This funding will also support technological advancements in its platform and operations, reinforcing its commitment to providing value-driven solutions in the circular economy for retail.
See full Cartlow company page
