Press release:
Saudi Arabia-based sales intelligence startup Mawsool has closed a pre-seed funding round backed by a group of angel and corporate investors, including Parachute16, Ghassan Halawa, THANAWI, Advanced Elements Co. and Abdullah Al-Dosari. The funding amount was not disclosed.
Founded in 2023 by Osama Abdelhadi and Oday Ali, Mawsool is headquartered in Riyadh and develops an AI-powered platform that helps businesses identify prospective customers, access company information and verify contact details.
The company provides B2B sales teams with access to a database it says contains well over one billion verified business contacts. Its technology uses AI-powered search and data verification tools to identify potential customers and reduce the manual work involved in sales prospecting.
Mawsool aims to help businesses streamline lead generation, identify commercial opportunities and improve their customer acquisition processes.
The new investment will help develop the company's technology and strengthen its sales intelligence capabilities. Mawsool also plans to expand its reach across Saudi Arabia and the wider Middle East and North Africa region.