Riyadh - Sharikat Mubasher: MDD, a Saudi provider of supply chain and procurement solutions, secured an undisclosed Series A round from an individual investor.

In a statement, MDD clarified that the investment came through selling a 5% stake in the company at a valuation exceeding SAR 100 million.

Founded in 2019, MDD provides a full suite of innovative and effective solutions to tackle challenges facing businesses and suppliers and meet the needs of different suppliers through its digital platform.

It enables clients to connect their systems and enterprise resource systems (ERP) seamlessly, allowing them to track requests efficiently and more accurately.