BeXel, an Egyptian cloud-based inspection management software, has secured a six-figure round of investment in order to expand into Saudi Arabia and other GCC nations.
beXel is a SaaS digital cloud-based inspection management platform that focuses on industrial services such as energy, oil and gas, and construction. It was founded in early 2019 by Ayman Abou Regeila, Ahmed Hussein, and Mahmoud Latif.
The startup, which has been extensively utilised in 14 countries, assists service providers in digitally converting their complete end-to-end process, becoming paperless, exercising social distancing, and reducing team inspection time by more than 60%. After receiving a six-figure US dollar round of fundraising headed by JH Investments and including follow-on funding from Flat6Labs, UI Investments, and Saudi angel investors, it is currently contemplating a deliberate expansion to Saudi Arabia and other GCC nations.
“As the first cloud-based inspection management software in the MENA Region, we are proud to have built such a solution which is proven and used through worldwide clients. Our entire application can be easily customised to each buyer’s needs, addressing their entire operational cycle and covering their end to end challenges,” said Ayman Abouregeila, co-founder and CEO of beXel. “We’re well-placed to scale to Saudi Arabia while expanding our team to support our customers on the ground.”
UI Investments managing partner Tarek Roushdy expressed his delight at becoming a part of the beXel narrative.
“Joining beXel’s journey was an easy decision to take considering its strong team, the traction it made so far, its global exposure, its huge growth potential and finally being a startup that brings digitalisation to the oil & gas sector, which I belonged to,” he said.
In 2019, beXel graduated from the Flat6Labs Egypt accelerator, and managing partner Marie Therese Fam claimed her organisation had been a “genuine believer” in beXel’s team and concept from the start.
“The solution beXel is offering to multiple global industries is unique and offers scalability and efficiency metrics not previously attainable. We are very proud of the team’s achievements to date, particularly the trust they’ve built with global clients and we are confident that this is only the start. We look forward to the product’s scalability and enhancement and we are confident that beXel will continue to dominate the equipment inspection industry for years to come,” she said.
