Riyadh - Sharikat Mubasher: Mawsool, a Saudi startup building sales-intelligence and B2B lead-generation tools, closed an undisclosed pre-seed funding round, with participation from several angel investors, including Parachute16, Ghassan Halawa, THANAWI, Advanced Elements Company, and Abdullah Al-Dosari.

The company will use the new capital to develop its technology, strengthen its sales intelligence capabilities, and expand its reach across Saudi Arabia and the wider Middle East and North Africa region, according to the official statement released yesterday.

Mawsool helps businesses streamline lead generation, identify commercial opportunities, and improve customer acquisition processes, leveraging AI-powered search and data verification tools to identify potential customers and reduce the manual work involved in sales prospecting.

Founded in 2023 by Osama Abdelhadi and Oday Ali, Mawsool aims to develop an AI-powered platform that helps businesses identify prospective customers, access company information, and verify contact details.