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Homegrown employee engagement platform Engagesoft secured USD 3.5 mn in a pre-Series A funding round led by Jordan’s Silicon Badia, according to a press release (pdf).
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Where’s the money going? Engagesoft will use the fresh funds to ramp up its AI-driven roadmap, targeting the development of organizational health across engagement, culture, leadership effectiveness, and performance.
Eighteen months at a glance: The company saw its revenue jump more than tenfold over the past 18 months, driven by tripling its customer base and average subscription rate value, according to the press release.
About Engagesoft: Founded in 2021 by brothers Omar Tahboub (LinkedIn) and Tareq Tahboub (LinkedIn), the Riyadh-headquartered SaaS platform provides services in employee engagement and experience, along with organizational health surveys from its offices in Saudi Arabia, Egypt, and Jordan. The company’s portfolio of clients includes Zamil Industrial, Edita Food Industries, Nadec, Takaful Rajhi, Jamjoom, Binzagr, Juhayna, Al Tamimi Markets, Saudi Authority for Intellectual Property, and Saudi Downtown Company.
