Lawazem

Saudi B2B procurement marketplace launched in 2020; raised a USD 1.3M seed round led by Merak Capital.

Industry: B2B procurement marketplace | Location: Riyadh, Saudi Arabia | Founded: 2020 | Total Funding: USD 1.3M seed

About Lawazem

Lawazem is a Saudi business-to-business procurement platform that describes itself as a one-stop digital mall for the operational purchases companies make, such as office and business supplies. Businesses order from a single marketplace rather than managing many separate suppliers.

The company began in 2020. Coverage names Abdulhakim Albisher (also spelled Albeshir), who is quoted as chief executive, and Nasser Alshaya as founders.

It raised a USD 1.3 million seed round led by Merak Capital, a technology investment firm licensed by the Saudi Capital Market Authority, with participation from the Saudi venture firm Merced. Wamda dates its listing to April 2022, while GCC Business News and The Startup Scene point to 2021, so the exact timing is unclear. Coverage reported average quarterly growth of 150 percent during 2021.

LinkedIn included Lawazem in its 2024 list of top emerging Saudi startups, alongside companies such as Tamara, Mozn, Rewaa and Soum. No funding after the seed round was found. The company's website was not readable when visited, so its current product scope and customer numbers are not described here. It is classed as a seed-stage retail and procurement startup in the Riyadh region.

Leadership