Autobia lands $12M Series A to expand B2B auto parts trade in Saudi Arabia

What's the deal? AutobiaDealroom has a profile for this one. Try Dealroom →, a Saudi B2B automotive spare parts trading platform, has closed a $12 million Series A led by Artal CapitalDealroom has a profile for this one. Try Dealroom →, with AlJazira CapitalDealroom has a profile for this one. Try Dealroom → and Wa'ed VenturesDealroom has a profile for this one. Try Dealroom → participating.

What does it do? The company connects retailers with spare parts suppliers, delivering orders directly and offering installment payments. It also helps retailers manage customer payments through licensed buy-now-pay-later providers.

What's the money for? Autobia plans to expand into more regions across the Kingdom, strengthen logistics, advance dynamic pricing technology, and broaden its payment solutions.

Why now? The round follows a $2.5 million seed in 2023, led by Sadu FinancialDealroom has a profile for this one. Try Dealroom → with Wa'ed Ventures. Founded in 2021 by Emad Daghreri and Ahmed Alawfi, the company serves the Kingdom's automotive aftermarket.

The signal: At $12 million, the round sits in the upper tier of Series A deals by size, underscoring continued investor appetite for B2B commerce and fintech plays in Saudi Arabia's growing automotive market.

Read more: bridgemena.com

Image credit: Autobia