Digitization of home renovation services in Saudi receives $2.5 million seed funding from Revie
In a significant move for the home renovation industry in Riyadh, Revie, a local platform, has secured $2.5 million in a seed funding round. This investment will primarily be used to scale operations, improve technology infrastructure, and enhance the customer experience.
The new capital will allow Revie to increase manpower and expand logistical capabilities, enabling the company to manage higher volumes of renovation projects efficiently. It will also support the development of more efficient digital tools and platforms, offering a smoother, more responsive experience to customers.
Technology advancements will focus on refining the platform's interface, integrating better project management tools, and potentially incorporating AI or data analytics to match customers with suitable contractors and track project progress. These improvements aim to provide a more transparent pricing structure, faster responses, reliable quality control, and enhanced communication throughout the renovation process.
Ibrahim Abu Khadra, Founder and CEO of Revie, expressed confidence in the platform's vision to redefine the renovation industry. Rayan Aebi, CEO of Sanabil Venture Studio by Stryber and Chairman of the Board of Revie, is equally excited to support Revie's journey to revolutionise the renovation industry. The funding round was led by Sanabil Venture Studio by Stryber.
Revie offers an end-to-end renovation solution for homeowners, investors, and businesses. The platform connects customers with a curated network of contractors and designers, addressing common challenges in the renovation market such as cost uncertainties, project delays, and quality control issues.
This investment fits into the broader trend of Saudi Arabia's proptech sector, which is rapidly growing with investments focused on digital solutions for property-related services. This alignment with the country's Vision 2030 goals to modernise real estate practices and empower digital ecosystems bodes well for the future of the industry.
Founded in 2024, Revie is poised to make a significant impact on the home renovation market in Riyadh and beyond. With this investment, the company is set to streamline processes, build a scalable foundation, and invest in technology to offer a seamless, efficient, and high-quality renovation experience.
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