Mubasher: Faith Capital closed $8 million (KWD 2.45 million) Series A round of funding JustClean, a Kuwaiti laundry technology startup, according to a recent press release.
This investment aims at expanding operations in the GCC marketplace, in addition to expanding B2B logistics and SaaS initiatives, Faith Capital added.
Founded in 2016, the startup JustClean will be pursuing strategic partnerships with other regional startups in the cleaning sector across the region.
JustClean has already expanded its business operations from being a B2C model active only in Kuwait, to a B2C model with active users in Kuwait, Bahrain, and the UAE, the press release noted.
The startup plans to enter Qatari market by the end of 2019, in addition to a gradual Saudi launch of the SaaS product.
“The user experience is of paramount importance to everyone in this market, however, we’ve seen most of our competitors completely neglect the B2B value chain. JustClean will cater to both B2B and B2C segments, and intends to ultimately be the solution provider of choice for cleaning business owners across the MENA region,” a Co-founder of JustClean Athbi Al Enezi.
The CEO of Faith Capital and JustClean Mohammed Jaffar, commented, “As the first and only institutional investors in JustClean, Faith Capital is dedicated to succeeding in the GCC cleaning sector with the help of our expansive resources, including advisory team members with decades of combined experience in operating and scaling businesses in challenging competitive environments.”
