Wee closes pre-seed funding round: Dubai-based e-commerce platform WeeMarketplace has secured USD 10 mn in equity and debt from SIG Investment as part of its pre-series A funding, according to a press release. The latest funding round raises Wee’s market valuation to USD 40 mn. In addition to the funding from SIG, the startup bagged USD 2 mn in follow-on investments from existing shareholders during the funding round.

Where are the funds going? The funds will help Wee improve its delivery services, expand its local operations in the UAE, and introduce new service offerings.

About Wee: Founded in 2021 by Anastasia Kim, Oleg Dashkevich, and Sergey Kolikov, Wee offers same-day delivery services in Dubai and next-day delivery across the UAE. The shopping platform boasts a wide-range of products, including cosmetics, pharma products, flowers, and F&B products.

What they said: “Our primary focus will revolve around advancing the fashion category with innovation in the UAE service of partial purchase and fitting as well as highlighting live streamings. We will also introduce new services to the super app ecosystem,” CEO and cofounder Anastasia Kim said.

What’s next? The platform is mulling listing on a stock exchange in the MENA region, “signaling its commitment to long-term sustainability and growth,” the press release reads. Wee is also planning to introduce shopping, taxi services, and payment services to the platform aiming to “develop an expansive ecosystem.”

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