What is Morni?
Operating out of Riyadh, Morni provides essential automotive support services, bridging the gap between vehicle owners and professional repair networks. With a workforce of 20 to 49 employees and annual revenue figures ranging between 5M and 10M, the company has established itself as a critical infrastructure component for the local automotive ecosystem. By digitizing and streamlining collision repair and roadside assistance, Morni addresses the inefficiencies inherent in traditional automotive maintenance models, positioning itself as a high-growth entity in the Middle Eastern service economy.
How much funding has Morni raised?
Morni has raised a total of $14.7M across 2 funding rounds:
Series A
$5.6M
Series B
$9.1M
Series A (2019): $5.6M, investors not publicly disclosed
Series B (2020): $9.1M led by G Square Investments
Key Investors in Morni
G Square Investments
A private equity and venture capital firm focused on providing growth capital to companies in the healthcare and technology sectors, often targeting mid-market opportunities.
Undisclosed Investor
Undisclosed investor participating in the funding round.
Undisclosed Investor
Undisclosed investor participating in the funding round.
What's next for Morni?
With the infusion of this major strategic investment, Morni is well-positioned to accelerate its technological roadmap and expand its service coverage across the Kingdom of Saudi Arabia. The company is expected to leverage these funds to enhance its digital platform, optimize logistics for collision repair, and potentially explore regional market penetration. As the automotive sector continues to undergo rapid digital transformation, Morni's focus on operational excellence and service reliability will be paramount in maintaining its trajectory toward becoming a dominant enterprise-level service provider.
See full Morni company page
