What is Lawazem?
Lawazem operates as a B2B marketplace designed to streamline operational procurement. The platform consolidates all operational purchases and spending, encompassing a wide range of items from groceries and stationery to office accessories and cleaning materials. Beyond core procurement, Lawazem enhances work environments by facilitating gift and flower deliveries, organizing internal events, and coordinating hospitality for meetings, thereby offering a comprehensive solution for business operational needs.
How much funding has Lawazem raised?
Lawazem has raised a total of $1.3M across 1 funding round:
Angel/Seed
$1.3M
Angel/Seed (2022): $1.3M with participation from Merced and Merak Capital
Key Investors in Lawazem
Merak Capital
Merak Capital is an investment firm focused on technology as a key driver for growth in Saudi Arabia and the MENA region. The company conducts deep market research to identify investment opportunities in breakthrough software and hardware. They manage private funds across various asset classes, including Venture Capital, Private Equity, and Debt Financing, ensuring compliance with local and international regulations. Merak Capital aims to deliver exceptional returns for its investors through well-structured funds and diverse investment strategies.
Merced
Undisclosed investor participating in the funding round.
What's next for Lawazem?
The recent major strategic investment indicates Lawazem is poised for significant scaling and expansion. This capital infusion is likely to fuel further development of its B2B marketplace technology, enhance its service offerings, and broaden its market reach. The company's focus on consolidating operational purchases and providing value-added services positions it for continued growth in the enterprise procurement sector.
See full Lawazem company page
