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Zid is a series B company based in Riyadh (Saudi Arabia), founded in 2017 by Sultan H Al-Asmi and Mazen AlDarrab. It operates as a Provider of software solutions to e-commerce businesses. Zid has raised $59M in funding from investors like Elm, Arzan Venture Capital and Global Ventures. The company has 1532 active competitors, including 141 funded and 111 that have exited. Its top competitors include companies like CommerceIQ, Cart.com and ANS Commerce.
Company Details
Zid is a provider of software solutions to e-commerce solutions. Offerings include order management, sales management, payment solutions, delivery & shipping services, reports & performance management, pricing & more. The company offers solutions on the subscription-based policy.
- Website
- zid.sa/ar
- Social
- Email ID
- *****@zid.sa
Key Metrics
Founded Year
2017
Location
Riyadh, Saudi Arabia
Stage
Series B
Total Funding
$59M in 3 rounds
Latest Funding Round
Ranked
27th among 1532 active competitors
Similar Companies
Legal entities associated with Zid
Zid is associated with 1 legal entity given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
Mar 17, 2020 | - | 392 | 853 |
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Zid's funding and investors
Zid has raised a total funding of $59M over 3 rounds. Its first funding round was on Jul 24, 2019. Its latest funding round was a Series B round on Oct 17, 2022 for $50M. 7 investors participated in its latest round, lead by Impact46.
Zid has 9 institutional investors including Elm, Arzan Venture Capital and Global Ventures.
Here is the list of recent funding rounds of Zid:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Oct 17, 2022 | $50M | Series B | 4628513 | 7122709 | |
Mar 24, 2021 | $7M | Series A | 8631427 | 2012535 | |
Jul 24, 2019 | $2M | Seed | 7854507 | 8708119 |
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Zid's founders and board of directors
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Zid's Competitors and alternates
Top competitors of Zid include CommerceIQ, Cart.com and ANS Commerce. Here is the list of Top 10 competitors of Zid, ranked by Tracxn score:
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Overall Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | CommerceIQ 2012, Mountain View (United States), Series D | Provider of SaaS and AI-based analytics software for e-commerce businesses | $196M | 71/100 | |
2nd | Cart.com 2020, Austin (United States), Series C | Provider of software suite solutions for e-commerce businesses | $482M | 71/100 | |
3rd | ANS Commerce 2017, Gurugram (India), Acquired | Provider of e-commerce solution for online businesses | $2.52M | 70/100 | |
4th | AnyMind Group 2016, Singapore (Singapore), Public | Provider of e-commerce software suite solutions for business | $91.7M | 69/100 | |
5th | BigCommerce 2009, Austin (United States), Public | SaaS-based software suite solutions for e-commerce businesses | $233M | 69/100 | |
6th | Provider of software suite solutions for e-commerce and D2C brands | $60M | 68/100 | ||
7th | WooCommerce 2008, Cape Town (South Africa), Acquired | Open source solution that enables retailers to build an online store | - | 68/100 | |
8th | Platform offering end-to-end e-commerce solutions for brands | $119M | 67/100 | ||
9th | Pattern 2013, Lehi (United States), Series B | Provider of software suite solutions for brands and e-commerce businesses | $277M | 67/100 | |
10th | Commercetools 2006, Munich (Germany), Acquired | Provider of e-commerce software suite solutions to businesses | $291M | 64/100 | |
27th | Zid 2017, Riyadh (Saudi Arabia), Series B | Provider of software solutions to e-commerce businesses | $59M | 56/100 |
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Zid's Investments and acquisitions
Zid has made no investments or acquisitions yet.
Reports related to Zid
Here is the latest report on Zid's sector:
News related to Zid
Media has covered Zid for 1 event in last 1 year, It was about company updates.
•
Zid Redefines Saudi Retail as It Unveils ‘Total Commerce’ at Flagship EventFintech Finance•Dec 19, 2024•Zid
•
Zid launches "Mazeed," a smart shopping solution transforming customer experienceZawya•Jun 11, 2023•Zid
•
Zid - Retail enablement company - raises $50mln in Series B fundingZawya•Oct 18, 2022•Zid, Impact46, Aramco Ventures, Endeavor and 7 others
•
Zid raises $2 million pre-Series AWamda•Jul 24, 2019•MSA, Arzan Venture Capital, Zid, Elm and 1 other
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