Latham Advises Saudi-Based B2B Marketplace Sary on its US$30.5 Million Series B Financing

Transaction represents continued substantial investment in the Middle East tech ecosystem.

May 06, 2021

Latham & Watkins has advised Sary, a Saudi-based B2B marketplace that connects small businesses with a network of wholesalers and manufacturing brands via mobile and web applications, in connection with its US$30.5 million Series B funding round which was led by VentureSouq (VSQ), with the participation of new investors STV,, a Silicon Valley-based fund, and current shareholders Raed Ventures, MSA Capital, and Derayah Ventures.

This new round of funding will help Sary grow its geographical footprint, expand its suite of products and services, and move into new product categories. 

The Latham team was led by Dubai counsel Eyad Latif with associates Omar Maayeh and Stephanie Dang. 

Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.