Coffi for Tech raises funds before IPO

Kofi Technology Company announced the completion of an investment round with a valuation of $178 million during the LEAP 2026 conference in Riyadh, led by Aramco's Waad Ventures Fund. The company aims to expand its operations in the Saudi Arabian, UAE, Kuwaiti, Middle Eastern, and North African markets, with a plan to list on the Saudi Stock Market by 2029. The company focuses on developing a unified technological ecosystem based on artificial intelligence to manage procurement, sales, and inventory. It offers solutions that integrate purchasing and trading systems, contributing to improved operational efficiency for businesses. Established in Kuwait in 2018, the company has expanded across the region and is experiencing significant growth, reflecting its capabilities in tackling operational challenges through modern technology.

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