The Pre-Seed funding round led by Lunment and a group of angel investors has come to an end, according to Naeem platform, a Saudi platform that specializes in digital solutions for the personal care industry.
Naeem, which was established in 2022 by Saleh Al Butti, the technical director, and Abdullah Al Mansour, the CEO, is regarded as one of the top businesses in the personal care industry for creating cutting-edge digital solutions, particularly for salons and beauty parlors. With an emphasis on boosting customer satisfaction and operational efficiency for businesses involved in this industry, the company seeks to offer technical solutions that keep up with the latest developments in this field.
Abdullah Al-Mansour commented: “We are pleased to close this financing round, which will help us expand and enhance our presence. This financing round reflects the great optimism and growing support for Naeem and represents an important turning point in our journey towards achieving success and innovation in this sector.”
Saleh Al-Batti commented: “We are committed to providing the best digital solutions for the personal care sector. We can see that our solutions have helped salons and beauty centres improve their businesses and provide a better experience for their customers.”
Naeem provides a comprehensive digital platform with a variety of technical options for businesses that provide personal care services, including spas, salons, barbershops, and medical facilities. It is predicated on two business models: an external one that offers a platform for clients to manage their operations and electronic payment solutions, and an internal one that handles reservations, financial, operational, and point of sale (POS) management.
In the Kingdom of Saudi Arabia and the GCC nations, Naeem has a great chance to grow. With an approximate 10% yearly growth rate, the personal care industry in the Kingdom of Saudi Arabia is one of the fastest-growing industries. In the upcoming years, it is anticipated that the market size will reach 24 billion riyals.
