Sat
Dec 21, 2013

First Angel Round, Raising SAR 2m is Officially Complete

First Angel Round, Raising SAR 2m is Officially Complete

BusinessClouds successfully completed its first angel investment round, raising a total of SAR 2 million from three investors. In his comments on this announcement, Saleh Almutairi – CEO of the company said: ” We are quite fortunate to have a such a wonderful blend of angel investors. Their contributions are going to help us take two of our services to market, namely Dafater and EasyGov. With 2014 being the first operational year for these two services, we are optimistic that the company will meet its expectations of reaching a positive cash flow point before the end of the same year.”

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