UAE-founded corporate gifting platform Cado has raised USD 4.5 mn in a pre-seed round to fuel regional and US expansion, according to a press release. The funding round saw participation from KSA-based investment firm Sanabil 500, a German family office, and several high-net-worth and angel investors. The funding will be used to expand its footprint in Saudi Arabia and launch operations in New York.

Cado? Founded in Dubai by Leila Al Marashi (LinkedIn), Cado has operations across the UAE, Saudi Arabia, Kuwait, and US, and offers a range of digital gifting solutions for corporate clients. Cado’s customer portfolio includes over 500 repeat corporate partners including Cartier, Netflix, LinkedIn, Jumeirah Group, and American Express.

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