WheeKeep: Saudi Self-Storage Pioneer Raises $8M in Series A Financing

WheeKeep: Saudi Self-Storage Pioneer Raises $8M in Series A Financing

By Staff Writer, 14 May 2024

WheeKeep, a prominent Saudi company specializing in self-storage solutions, has announced the successful closure of its Series A funding round, raising over 30 million Saudi riyals ($8 million).

The financing was led by Fintech Collective, a renowned American firm known for its investments in disruptive startups across various industries.

Notable investors from both Saudi Arabia and overseas also participated in the round.

Established in 2020, WheeKeep offers innovative mobile self-storage units for both individuals and businesses.

These units boast weatherproof construction, state-of-the-art security features, and convenient delivery and retrieval services accessible from any location at any time.

The company provides all necessary storage and transportation equipment and tools, ensuring a seamless experience for its customers.

Fintech Collective's involvement underscores its significance as a major player in the financial technology sector, particularly in supporting startups that challenge traditional norms across various industries.

Commenting on the investment, Youssuf Fayez, co-founder and partner of WheeKeep, expressed enthusiasm, stating, "This investment represents a strong boost for us. It will enable us to improve our services, expand our presence in the Kingdom, and enhance our technology-based offerings. We aim to redefine self-storage solutions by focusing on customer needs and building strategic partnerships that prioritize user experience."

Source: Startup Rise

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