Viero Raises $1.2M to Boost Logistics Sector in Saudi Arabia

Viero, formerly known as CarGenie, has raised $1.2 million in a Seed funding round to strengthen the logistics sector in Saudi Arabia. The round was led by Watheeq Capital and Share Investment Co, with participation from Numu Angel Network and Black Iris Angel Network alongside a group of strategic angel investors.

Founded in 2024 by Khaled Daqaq, Ahmed Alotaibi, and Marat Khamsh, and headquartered in Saudi Arabia, Viero operates in both Saudi Arabia and Jordan, serving fleet operators and logistics companies who face challenges due to reliance on disparate tools for delivery management, order collection, and operational expenses.

Viero addresses these challenges by integrating and streamlining delivery operations and vehicle-related payments on a unified, real-time platform. The newly secured funding will be used to accelerate product development, support regional expansion, and enhance operational and financial control for fleet operators.