Telecommunications platform Tygo raises 6.8m SAR in a seed round

Telecommunications platform Tygo raises 6.8m SAR in a seed round

Tygo, telecommunication services marketing and reselling platform, has raised 6.8 million SAR, which accounts to almost $1.8 million, in a Seed round. The round was led by Jawla investments, with participation from BIM Ventures and managed by Investors’ Mine angel network.  

Launched in Riyadh in 2021, the platform creates a unified digital reference that provides solutions for telecommunications users to facilitate service delivery and build an integrated full digital experience. 

Tygo aims to make it easier for its users to select from the wide range of services and products offered by the authorized telecommunication companies and purchase or subscribe to them directly, owing to the proliferation of telecommunications companies, the diversity of their market options, and the desire to strengthen the role of the communications and information technology sector.

This round will contribute to the development of the platform and the enablement of reaching local and international telecommunications companies in the near future.

The platform also allows customers to learn about the various offers and services available in the telecommunications and digital products markets, as well as to provide secure and simple payment methods. 

Also read: E-commerce fresh produce startup Haseel raised $6.6m in a Series A round

If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.