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  • 28-06-21

    Saudi Arabia’s STV manages USD27.5M Series B funding round for Floward

    (MENAFN)Saudi Arabia’s STV managed USD27.5 million Series B funding round for Floward, the fast expanding flowers and gifts delivery company.

    The company reported that impact 46 was part in the funding round.

    Floward offers prime fresh-cut flowers accompanied with gifts and products from local and international brands with same day delivery.

    Al-Loughani added that “Since our launch four years ago, we have been on a clear and rapid growth path that was further accelerated by the COVID-19 pandemic as e-commerce penetration saw a huge surge during the past year,” saying that “These circumstances presented to us clear opportunities and accelerated our growth plans in the MENA region and beyond, specifically into London, UK – our first expansion outside the region.”

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