S
Soum
On a mission to reimagine recommerce in the MENA region and beyond, building the most convenient, trustworthy, and transparent recommerce marketplace in the region
About Soum
Soum.sa is a dynamic startup that operates a trusted online platform for buying and selling used mobile phones and electronics in Saudi Arabia. The company caters to a wide range of clients, including individual consumers looking for affordable, high-quality devices and sellers aiming to get the best value for their used electronics. Soum.sa stands out in the market by offering a seamless and secure transaction process, ensuring both buyers and sellers have a hassle-free experience.
The business model of Soum.sa is straightforward yet effective. Sellers list their used devices on the platform, setting their own prices. Once a device is sold, the seller ships it for free to the buyer using a selected shipping carrier. The platform ensures the device is verified before the payment is securely transferred to the seller. This model not only guarantees the quality of the products but also builds trust among users.
Soum.sa generates revenue through transaction fees and possibly through premium listing options, where sellers can pay to have their items featured more prominently on the platform. The company may also earn from partnerships with shipping carriers and other service providers.
The market for used electronics is growing, driven by consumers' increasing demand for affordable yet high-quality devices. Soum.sa taps into this market by offering significant savings on popular electronics like iPads, monitors, and smartwatches. The platform's commitment to quality and secure transactions makes it a preferred choice for many in Saudi Arabia.
In summary, Soum.sa is revolutionizing the used electronics market in Saudi Arabia by providing a reliable, secure, and user-friendly platform for buying and selling devices. The company's focus on quality assurance, diverse payment methods, and free shipping makes it a standout player in this niche market.
Source: Dealroom company dataKnowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES A✓Equity / VC | Dec 2023 | $18M | $72M | AlRajhi Partners · Isometry Capital · Outliers Venture Capital · Khwarizmi Ventures | ↗ |
| SEED✓Equity / VC | Mar 2022 | $4M | $16M | Mazen Al Jubeir · Ammar AlKhudairy · Outliers Venture Capital · Khwarizmi Ventures | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Soum is 100K monthly website visits, down 28.6% over the last three months. Soum's team grew 7.1% over the past year.
Open positions
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
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|---|---|---|---|---|---|
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| STShandong Liduoduo TradingA diversified blind box trendy e-commerce platform, focusing on diversified fun shopping | China | Operational |
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed4 investors entered at this stage
- MJMazen Al Jubeir
Outliers Venture Capital- AAAmmar AlKhudairy
Khwarizmi Ventures
Series A3 investors entered at this stage
Jahez
AlRajhi Partners
Isometry Capital
Other known investors2 additional known investors
National Technology Development Program
Next Era Initiative By NTDP
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Soum on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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