Egyptian Cloud Management Startup, beXel, Secures Funding
Cairo-based cloud-based inspection management software startup, beXel, has raised an undisclosed amount in an investment round led by JH Investments Ltd, with additional funding from Flat6Labs, UI Investments, and Saudi Angel Investors.
beXel was founded in 2019 by Ayman Abou Regeila, Ahmed Hussein, and Mahmoud Latif. The SaaS digital cloud-based inspection management startup focuses on industrial services such as Energy, Oil & Gas, and Construction.
It aims at assisting service providers in digitally transforming their entire end-to-end process, thereby reducing team inspection time by more than 60%.
beXel’s beXel.io software has been widely used in 14 countries throughout the world, including Saudi Arabia, where it was recognized by Saudi Aramco. It has also been widely used by major international players such as TUV Rheinland (a German-based company), TUV SUD, and Applus Velosi (Spain Based Company).
Tarek Roushdy, Managing Partner of UI Investments beXel has huge growth potential while also expressing the delight of being part of the startup’s growth.
“Joining beXel’s journey was an easy decision to take considering its strong team, the traction it made so far, its global exposure, its huge growth potential and finally being a startup that brings digitalization to the oil & gas sector, which I belonged to.
“beXel is a journey of success that I am glad to be part of it,” Tarek said.
Marie Therese Fam, Managing Partner of Flat6Labs Egypt speaking also added that: “Flat6Labs has been a true believer in beXel’s team and product from day one. The solution beXel is offering to multiple global industries is unique and offers scalability and efficiency metrics not previously attainable. We are very proud of the team’s achievements to date, particularly the trust they’ve built with Global clients and we are confident that this is only the start. We look forward to the product’s scalability and enhancement and we are confident that beXel will continue to dominate the equipment inspection industry for years to come.
beXel is now expanding to Saudi Arabia and other GCC nations with the latest investment.