Logistics and self-storage startup Wheekeep raised SAR 30 mn (USD 8 mn) in a series A round led by New York-based venture capital firm Fintech Collective, it said on X. Unnamed local and international investors also participated in the round.

Where’s the money going? The funding will finance the company’s short-term growth in the local market, especially in the Eastern and Western regions, Aleqtesadiah quotes unnamed company executives as saying. They also have plans for franchising and expansion into the GCC in the medium term, the sources added.

What we don’t know: There’s no publicly available information on the equity the investors received in return for their investment.

What’s Wheekeep? Founded in 2020, the storage solutions provider caters to individuals and businesses alike by delivering its mobile storage units to their customers’ doorstep to fill up, and then takes them back to their storage facilities. The startup also offers a space calculator to allow customers to gauge exactly how much space they need before delivery.

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