Led by the Saudi Jordanian Investment Fund (SJIF), OpenSooq.com is pleased to announce that it has raised USD 24 million to facilitate its coming phase of growth. OpenSooq.com is a Jordan-based, mobile-first site that specializes in classified ads, equipping Middle Eastern and North African consumers and SMEs with a platform to trade across different economic sectors and connect with a multitude of service providers.
CEO of SJIF, Omar Elwir, states that "SJIF is delighted to lead this round of investment driven by its belief that investing in promising Jordanian technology companies that are on the cusp of transformational growth such as OpenSooq supports Jordan's position as a core technology innovation and operational hub for local and regional technology companies."
OpenSooq is touted to be the largest online classifieds marketplace in the region, operating in over 19 countries in the region. A statement made by their co-founder and CEO Adey Salamin confirms this dominance in the market: "Every 13 seconds an item is sold on OpenSooq. Our local team built a platform that tens of millions of users and SMEs rely on to engage with buyers or sellers, with functionality and reliability that puts us among the top classifieds platforms globally."