{"id":16455,"date":"2021-06-28T13:45:28","date_gmt":"2021-06-28T13:45:28","guid":{"rendered":"https:\/\/www.ukrgate.com\/eng\/?p=16455"},"modified":"2021-06-28T13:48:24","modified_gmt":"2021-06-28T13:48:24","slug":"saudi-stv-leads-27-5-million-in-financing-for-floward","status":"publish","type":"post","link":"https:\/\/www.ukrgate.com\/eng\/?p=16455","title":{"rendered":"Saudi STV Leads $27.5 Million in Financing for Floward"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Saudi Arabia&#8217;s STV has led a $27.5 million Series B <a href=\"https:\/\/www.ukrgate.com\/eng\/?p=8925\" data-type=\"post\" data-id=\"8925\">funding <\/a>round for Floward, the rapidly expanding online flower and gift delivery company.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Kyiv. Ukraine. Ukraine Gate &#8211; June 28, 2021 \u2013 Entrepreneurs<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company said in a statement on Sunday that Impact 46 also participated in the funding round.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Founded in 2017 by founder and CEO Abdulaziz Al-Loghani, Floward offers exquisite fresh flowers along with gifts and products from local and international brands with same-day delivery.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cSince our launch four years ago, we have been on a clear and rapid growth path accelerated by the COVID-19 pandemic as e-commerce penetration has seen a massive rise over the past year,\u201d said Al-Loughani. \u201cThese circumstances presented us with clear opportunities and accelerated our <a href=\"https:\/\/www.ukrgate.com\/eng\/?p=15212\" data-type=\"post\" data-id=\"15212\">plans <\/a>for growth in the MENA region and beyond, specifically in London, the UK \u2013 our first expansion outside the region.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The venture capital boom in the Gulf is helping to fund a slew of start-ups focused on e-commerce and technology with Saudi Arabia emerging as a major source of funding for budding entrepreneurs across the region.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company now operates in 20 cities across seven countries with a team of more than 450 days. It said its revenue for the first 100 days of 2021 has exceeded last year&#8217;s total.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Read also: <a href=\"https:\/\/www.ukrgate.com\/eng\/?p=16327\" data-type=\"post\" data-id=\"16327\">The Start of the Summer Tourism Season, Summer, Your Mood in Saudi Arabia<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Source: Ukrgate<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia&#8217;s STV has led a $27.5 million Series B funding round for Floward, the rapidly expanding online flower and gift delivery company. Kyiv. Ukraine. Ukraine Gate &#8211; June 28, 2021 \u2013 Entrepreneurs The company said in a statement on Sunday that Impact 46 also participated in the funding round. Founded in 2017 by founder [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":16457,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[7396,7398,821,7397,2399],"class_list":["post-16455","post","type-post","status-publish","format-standard","has-post-thumbnail","category-entrepreneurs","tag-e-commerce","tag-financing","tag-saudi-arabia","tag-stv","tag-ukraine-gate"],"_links":{"self":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts\/16455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16455"}],"version-history":[{"count":1,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts\/16455\/revisions"}],"predecessor-version":[{"id":16458,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts\/16455\/revisions\/16458"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/media\/16457"}],"wp:attachment":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}