Latham & Watkins advised Sary on the deal.
Sary, a Saudi-based B2B marketplace that connects small businesses with a network of wholesalers and manufacturing brands via mobile and web applications, executed its US$30.5 million Series B funding round which was led by VentureSouq (VSQ), with the participation of new investors STV, Rocketship.vc, a Silicon Valley-based fund, and current shareholders Raed Ventures, MSA Capital, and Derayah Ventures.
This new round of funding will help Sary grow its geographical footprint, expand its suite of products and services, and move into new product categories.
The Latham team was led by Dubai counsel Eyad Latif (Picture) with associates Omar Maayeh and Stephanie Dang.
Law Firms: Latham & Watkins;