Abu Dhabi Investment Office (ADIO) and other private investors contribute to this fund
RIZEK the Abu Dhabi-based service marketplace has announced that it has raised US$ 3.5mn in seed funding.
The round saw the participation of strategic investors from across the region, including the Abu Dhabi Investment Office (ADIO), E-tech investments, Rozana Capital and others. With US$ 1.5mn pre-seed raised in 2019, this investment round takes RIZEK’s total funding raised to date to US$ 5mn.
With the fresh capital, RIZEK plans to activate the region’s gig economy with its service marketplace, as well as increase job opportunities for people to earn a service-based income through the portal.
“We believe that the region needs an inclusive platform where customers can view all their options before commissioning the services,” remarked Abdallah Abu-Sheikh, Founder and CEO, RIZEK.
ADIO has invested through its Ventures Fund, a Ghadan 21 initiative created to support innovation-focused start-ups in Abu Dhabi. “ADIO’s investment will fuel the next stage of the company’s growth while helping to connect more freelancers and SMEs with potential commercial opportunities,” said its Director General Dr. Tariq Bin Hendi.
