Rizek Achieves Yet Another Milestone, Raises $10 Million in Series A Funding

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Rizek_ Co -Founders_Abdallah Abu-Sheikh_Ahmed Mazrui

Dubai: Rizek, one of the fastest-growing Abu Dhabi-based start-ups, and the first ‘super app’ for on-demand home services in the country, is proud to reveal that it successfully raised $10 million in a round of series A funding.

Abdallah Abu-Sheikh, CEO and co-founder of Rizek, said: “There are many service-based economies in the region, but what we’ve done differently is ensure our processes are optimised and consistently up to date. At Rizek, we have continuously pushed the envelope of innovation by presenting an inclusive platform that places the power of choice in the customers’ hands. Our mission is to be the one-stop shop for all services across the region, allowing both suppliers and consumers to maximize on their values and benefits.”

For Rizek, the success of its funding is a testament to the team’s ambition, drive, and vision for the future in the region and beyond. In June 2020, the company raised $3.5 million in a seed round from Abu Dhabi Investment Office (ADIO), e-tech investments, Rozana Investments, and a number of other stakeholders, becoming one of the largest-ever seed rounds raised by a regional start-up, thereby solidifying the trust of investors with its growth trajectory.

Ahmed Mazrui, co-founder of Rizek, said: “It is humbling to watch what first started as an idea on paper prosper into the revolutionary service provider it is today. Rizek is the result of boundless passion and a nurturing environment for entrepreneurs presented to us by the UAE. This round of funding consolidates the emphasis of our platform as a product with a noteworthy impact on the e-commerce and service sector, and we look forward to further expanding upon its influence and success.”

About Rizek:

Founded in 2019 by Abdallah Abu-Sheikh, a seasoned entrepreneur from Amman, Rizek is a super app for on demand services that directly connects users to service professionals from a wide range of industries, thereby enabling better and more efficient relationships between them. Through transforming the way services are rendered, Rizek is strengthening the service sector in the region, with a focus on improving service quality and increasing job opportunities.