Loading organizations...
§ Private Profile · Dubai, Dubai, United Arab Emirates
Car subscription service offering dealership-verified cars monthly, including insurance and maintenance, for consumers in UAE and Saudi Arabia.
Invygo is a Dubai, UAE-based car subscription service that provides users with access to dealership-verified vehicles on a monthly basis through a mobile application. The platform simplifies mobility by including full insurance, routine maintenance, and doorstep delivery, offering flexible terms to pause, cancel, upgrade, or purchase the vehicle. Operating in the UAE and Saudi Arabia, invygo has raised a total of $21.95 million in funding, including a $10 million Series A round in October 2022. Key investors include MEVP, Class 5 Global, Al Rajhi Partners, and AB Ventures, supporting its growth to nearly 1,000 subscriptions by 2021 and a reported 9x expansion since April 2020. The company was founded in 2018 by Eslam Hussein and Pulkit Ganjoo. Its business model centers on monthly subscription fees for cars, with add-ons like insurance and maintenance included.
invygo has raised $10.0M across 1 funding round.
invygo has raised $10.0M in total across 1 funding round.
invygo has raised $10.0M across 1 funding round. Most recently, it raised $10.0M Series A in October 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 31, 2022 | $10M Series A | Middle East Venture Partners | Alrajhi Partners, Amaana Capital, Arab Bank, Knollwood Investment Advisory, Palm Drive Capital, Signal Peak Ventures | Announced |
invygo has raised $10.0M in total across 1 funding round.
invygo's investors include Middle East Venture Partners, Alrajhi Partners, Amaana Capital, Arab Bank, Knollwood Investment Advisory, Palm Drive Capital, Signal Peak Ventures.