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Latham Advises Saudi-Based B2B Marketplace Sary on its US$30.5 Million Series B Financing

May 6, 2021
Transaction represents continued substantial investment in the Middle East tech ecosystem.

Latham & Watkins has advised Sary, a Saudi-based B2B marketplace that connects small businesses with a network of wholesalers and manufacturing brands via mobile and web applications, in connection with its US$30.5 million Series B funding round which was led by VentureSouq (VSQ), with the participation of new investors STV, Rocketship.vc, a Silicon Valley-based fund, and current shareholders Raed Ventures, MSA Capital, and Derayah Ventures.

This new round of funding will help Sary grow its geographical footprint, expand its suite of products and services, and move into new product categories. 

The Latham team was led by Dubai counsel Eyad Latif with associates Omar Maayeh and Stephanie Dang.