Saudi-based technology startup Mawsool has secured pre-seed funding from angel investors to expand its AI-powered sales intelligence and business-to-business (B2B) lead generation platform across the Middle East and North Africa.
The funding round attracted investors including Abdullah Al-Dosari, founder of T2; Ghassan Halawa, founder of Parachute16; THANAWI; and Advanced Elements Co., along with other investors.
The company has not yet disclosed the amount raised.
According to Mawsool, its cloud-based platform provides access to more than one billion business contacts, helping businesses reduce manual prospecting and identify potential customers.
The funding will support product development and strengthen its sales intelligence capabilities as Mawsool targets expansion across Saudi Arabia and other MENA markets.
For Black founders building AI and enterprise software businesses, the deal shows the commercial potential of building AI tools around specific business needs, from automating sales and customer acquisition to improving efficiency, reducing operating costs, and helping companies reach new markets.
