Regards, a Saudi-based company specializing in premium experience gifting, has successfully secured $1.5 million in seed funding, led by Core Vision Investment.
The company, founded in 2021 by Yasser Aljumaiah, Sultan Binjumah, and Saad Almazroua, is on a mission to revolutionize the gift experience industry. With the newly raised capital, Regards plans to enhance its growth and continue driving innovation in the premium gifting space.
Faisal Al Abdulsalam, CEO of Core Vision Investment, expressed his support for the venture, stating, “We remain committed to fostering the future through innovative solutions and breaking away from traditional frameworks. Our goal is to provide investment opportunities and back startups that are reshaping industries.”
Yasser Aljumaiah, one of Regards’ co-founders, emphasized the significant potential in the gift experience market, particularly in Saudi Arabia, where gifting is a cultural cornerstone. He shared, “The market offers vast opportunities, and we aim to create more personalized, unforgettable experiences that bring people closer while honoring our cultural traditions.”
Sultan Binjumah highlighted the platform’s inspiration drawn from Saudi hospitality and generosity, stating, “Regards connects individuals with experiences that celebrate the richness of our culture and innovation. This investment will allow us to broaden those experiences and further build a platform that embodies the values and spirit of our nation.”
Saad Almazroua added, “What excites us most is how Regards merges tradition with modern technology and innovation. Saudi culture is at the core of what we do, and we take pride in creating a platform developed by local talents. By reimagining the age-old tradition of gifting, we are crafting modern, impactful experiences that foster deeper connections among people.”
Discover the State of Funding in MENA – 2019 to 2023 :
https://assiyaq.com/the-state-of-startup-funding-in-mena-2024-report/ of this month is taking you through the ups and downs of MENA’s startup funding over the last 5 years. If you’re a startup founder, an investor or an ecosystem builder, this is your chance to learn from the past, spot the trends, and write your own success story.
Don’t miss out on knowing the history that could shape our future!
