ArabiaWeather raises $7.1m
The funding will lead to substantial investments in proprietary weather technology and network of weather stations to further enhance accuracy of hyper-local weather information
ArabiaWeather Inc., the Middle East’s largest weather company, has announced a new round of funding totalling US$5 million, following the US$2.1 million it raised earlier this year.
The current cycle, among the largest venture capital deals in the region this year is led by Badia Impact Fund and Wamda Capital, and includes the participation of DASH Ventures and Dubai-based Jabbar Internet Group.
ArabiaWeather will primarily use the funding to make strategic investments in expanding its weather offering for businesses and consumers in the Middle East.
“The funding is fully dedicated to further growing the company, which has established an exceptional track record as a premier provider of highly useful weather information in the region,” said Khaled Talhouni, Partner at Wamda Capital.
“We believe there is a true opportunity to further build ArabiaWeather’s portfolio of decision-support weather solutions for the benefit of companies and consumers in the region.”
Investments will also be made in the company’s proprietary unique weather technology and extensive network of automatic weather stations across the region that serve as the backbone for ArabiaWeather’s innovative range of products and services based on hyper-local weather information.
On the enterprise side, ArabiaWeather will further invest in developing integrated industry-specific solutions for businesses in the Middle East.
“The rapid growth of our company over the past years is indicative of the growing demand for accurate weather solutions in this region,” said Mohammed Al-Shaker, CEO of ArabiaWeather.
ArabiaWeather serves 35 million consumers in the GCC region with weather forecasts and related information, delivered through its flagship mobile application and web presence, having rapidly evolved into one of the most popular Arabic mobile applications on both iOS and Android platforms.