Lawazem, an operational procurement company, has closed a seed deal totaling $1.3 million. The round was led by Merak Capital, a technology investment firm licensed by the Capital Market Authority of Saudi Arabia, with participation from Merced, a Saudi VC company that covers a variety of sectors across the Middle East. Lawazem was founded in 2020 by Abdulhakim Albisher and Nasser Alshaya.

Lawazem is a ‘B2B mall’ and a ‘one-stop-shop’ for all business procurement needs, ranging from VIP guest services to office stationery. With Lawazem, businesses receive a broad range of services and products to choose from, decreasing the time, effort, and costs of reactive operational procurement.

This investment from Merak Capital will enable Lawazem to steadily expand its staff, marketing initiatives, and technology capabilities.