UAE-based ERP provider Hulexo has secured an undisclosed amount in a Seed investment round from Arzan VC.
Established in 2021, Hulexo offers retailers customized, subscription-based ERP solutions that enhance operational efficiency. The new funding will fuel the company’s expansion plans into Kuwait and Saudi Arabia.
In a press release, Hulexo, an award-winning ERP provider headquartered in Abu Dhabi, announced that it has received Seed investment from Arzan VC, marking the venture capital firm’s continued focus on supporting early-stage tech startups. Hulexo is the fourth company to receive backing from Arzan VC Fund III.
Hulexo was co-founded by Huzaifa Hameed, Ibrahim Al Rachdi, and Marwin Favila with the goal of creating a highly adaptable ERP system. Their platform features a powerful decision-making engine that analyzes customer data in real time, enabling retailers to make informed decisions that minimize stockouts and reduce deadstock. This approach transforms operations and decision-making from reactive to proactive.
Since its inception, Hulexo has attracted over 100 retail locations as clients, including prominent UAE brands like The Giving Movement, Transguard Group, My Vapery, Padel Life, and Nauras Sandals.
The investment from Arzan VC is expected to enable Hulexo to grow its client base to 300 retail locations by the end of 2025. Additionally, it will support the company’s entry into the Kuwaiti and Saudi Arabian markets and help establish partnerships with malls, payment providers, and licensing authorities.
Hulexo’s CEO and co-founder, Huzaifa Hameed, expressed enthusiasm about the partnership, stating, “We are thrilled to have Arzan VC as a key partner as we expand further into the Middle East. This collaboration will be instrumental in our mission to continue innovating and providing faster, smarter, and more robust solutions for retailers in the UAE and beyond.”
Arzan VC’s Founder & Managing Partner, Hasan J. Zainal, highlighted the potential of Hulexo, noting, “Traditional ERP systems are often prohibitively expensive for SMEs, with over 75% of implementations failing. We believe Hulexo is a game-changer for retail SMEs in the region, which is why we decided to invest in their MRR growth and expansion into Kuwait. We also have great confidence in the strength of their team.”
