Construction Tech Firm WakeCap Secures $1.6 Million in Seed Funding
A construction technology company based in UAE known as WakeCap has secured $1.6 million in seed funding round. The particular round was led by a group of global investors including Consolidated Contractor Company (CCC), Graphene Ventures, Abunayyan Holding and Inspire Ventures Arabia, SOSV, startAD Seed and SeedCo Capital.
The company is planning to use these funds to develop the product and expand in every aspect, majorly in terms of their customers.
“With this investment, WakeCap is set on the path to develop the product and expand our customer base in the MENA region to achieve our goal of utilizing today’s technology and save lives at the construction field,” Hassan Albalawi, Founder and CEO at WakeCap stated.
The company was founded in 2017 and is basically an IoT-based enterpri...