Naeem Secures Pre-Seed Financing for Personal Care Sector Advancements

Naeem Secures Pre-Seed Financing for Personal Care Sector Advancements

By Press Release, 15 December 2023

Naeem platform, a Saudi platform specialising in digital solutions for the personal care sector, announced today the closing of a Pre-Seed financing round with an undisclosed value, led by Lunment and a group of angel investors.

Naeem was founded in 2022 by Abdullah Al Mansour (CEO) and Saleh Al Butti (technical director) and is considered one of the leading companies based on developing advanced digital solutions for the personal care sector, specifically in the field of salons and beauty centres.

The company aims to provide technical solutions that keep pace with modern transformations in this sector, with a focus on improving the customer experience and enhancing the efficiency of operations for commercial activities operating in this field.

Abdullah Al-Mansour commented: “We are pleased to close this financing round, which will help us expand and enhance our presence. This financing round reflects the great optimism and growing support for Naeem and represents an important turning point in our journey towards achieving success and innovation in this sector.”

Saleh Al-Batti commented: “We are committed to providing the best digital solutions for the personal care sector. We can see that our solutions have helped salons and beauty centres improve their businesses and provide a better experience for their customers.”

Naeem offers a comprehensive digital platform with a wide range of technical solutions for personal care service providers, such as salons, barber shops, health care, and spas.

And relies on an internal business model for managing points of sale (POS), reservations, financial and operational management, and an external business model based on providing a platform for customers to manage their operations and electronic payment solutions.

Naeem has a great opportunity for growth in the Kingdom of Saudi Arabia and the GCC countries.

The personal care sector in the Kingdom of Saudi Arabia is considered one of the fastest-growing sectors, with an annual growth rate of approximately 10%, and the market size is expected to reach 24 billion riyals in the coming years.

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