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BIM Ventures invests in Saudi-based WeDeliver

Saudi Arabia-based WeDeliver raised a pre-Series A round from BIM Ventures at the LEAP tech conference 2023 at Riyadh Front Expo Centre, Saudi Arabia.

Ahmad Ramahi and Mohammad Abu Kwaik founded WeDeliver in 2020 as a B2B logistics and last-mile delivery services provider.

The funds raised will be used to expand the company’s operations in Saudi Arabia and develop specialized fintech-related logistics solutions. In 2023, these solutions are expected to be launched.

BIM Ventures, founded by Mohamed Amine Merah in 2017, was among the Diamond sponsors of LEAP 2023, which began on February 6, 2023. The venture studio mainly focuses on pre-inception ideas, pre-seed, and seed-stage technology-driven startups.

According to a Wamda report, its first fund, BIM Investments I, was launched in January 2020 and had co-built and invested in 20 tech startups.

The fund launched its second venture investment fund, BIM Investments II, worth SAR120 million ($32 million), in June 2022.

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