RIYADH: UAE-based digital store management platform, Dukkantek, has raised $5.2 million in a seed round led by investment firm Global Founders Capital.
The funding will allow Dukkantek to expand its current customer base by empowering merchants to use its digital platform. The money will also be used to maintain its high-tech services.
Founded in 2021, the startup strengthens local stores by offering an advanced online point-of-sale system.
The seed round also had participation from venture capital firms Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments, and AMK Investment Office.