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Kara, Saudi Arabia’s device-as-a-service startup, raises $586k in a pre-Seed round

Kara, Saudi Arabia’s device-as-a-service startup, raises $586k in a pre-Seed round

Kara, a startup that specializes in providing renting services for consumer electronic devices to institutions, raised $586k in a pre-seed round with the support of Falak Investment Hub, Lean Node, and a group of angel investors.

“We are proud to have played such an important role in Kara’s journey and can’t wait to see them continue to make a positive impact on the environment. Their commitment to sustainability is not only good for our planet but also for us, for business,” Adwa AlDakheel, CEO of Falak Investment Hub, said.

This round will help Kara expand its customer base, improve its renting platform, and continue to promote sustainability in the technology industry.

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