Kuwait-based Teeela, a gifting platform and app, raised $3.75 million in Pre-Series A led by Saudi Arabian investment firm Wealth Well and supported by strategic investment from Mad’a Investment Company, and other prominent investors.
Teeela offers thousands of toys, as well as customised and personalised gifting options such as bespoke wrapping and last-minute ordering. The platform is designed to make gifting and purchasing toys for families simple, quick, and personalised. Teeela will use the funding to expand across the GCC, with strategic expansion in the Kingdom of Saudi Arabia and the United Arab Emirates on the horizon. The startup is aiming for the $30 billion Middle Eastern gifting market, which includes family products, children’s goods, and toys.