Egyptian Startup Qara Raises $2.6M for Saudi Arabia Expansion

Hassan Abouzeed, Qara Co-founder & CEO

Qara, an Egyptian startup specializing in supply chain technology, has raised $2.6 million in funding to support its entry into the Saudi market. The company’s digital platform offers advanced product authentication, traceability, and data-driven insights, enabling businesses to optimize their market connections.

To date, Qara has partnered with over 35 manufacturers and suppliers, authenticating more than 28 million product units and connecting 50,000 business users across Egypt, Saudi Arabia, and Kenya.

The funding, backed by strategic investors, will fuel Qara’s expansion into Saudi Arabia under the National Technology Development Programme’s Relocate Initiative, which provides incentives and support for startups entering the Saudi tech ecosystem.

“I believe the challenges we’re addressing meet a significant global demand. After three years of achieving a successful product-market fit in Egypt, Qara is now ready for international expansion. We are excited that our first step is into the Kingdom of Saudi Arabia, where our mission aligns perfectly with the Saudi Vision 2030 objectives to foster value creation through innovation and technology,” said CEO Hassan Abouzeed.

He added that Qara aims to transform B2B2C marketing and distribution with digital tools that ensure authenticity, transparency, and efficiency.

Source: Tapiwa Matthew Mutisi / Innovation Village