Saudi startup Mawsool closed a Pre-Seed funding round of undisclosed size. Backers include Parachute16, Ghassan Halawa, THANAWI, Advanced Elements Co, and Abdullah Al-Dosari. The company provides sales intelligence and B2B lead generation tools.
Use of funds
Mawsool will use the new capital to develop its technology solutions. It plans to strengthen sales team capabilities in Saudi Arabia and the Middle East and North Africa. The company says the funding will help firms find new business opportunities and close deals faster.
Company background
Founders Osama Abdelhadi and Oday Ali lead the startup. It focuses on AI and sales intelligence for B2B lead generation. Its target markets include Saudi Arabia and the wider Middle East and North Africa.
What the platform does
Mawsool operates a cloud platform for lead generation. The platform gives access to more than 1 billion verified business contacts. It uses AI agents to collect and verify prospect data before delivery to sales teams.
Mawsool plans to continue developing its technology. It also expects to accelerate product growth. The company will expand its presence across Saudi Arabia and the MENA region.