beXel raises six-figure funding round for expansion
Cairo-based cloud-based inspection management software (beXel), has raised a six-figure investment. This investment round was led by JH Investments Ltd, in addition to follow-on funding from Flat6Labs, UI Investments, and Saudi angel investors. This is the first time bexel raises six-figure funding.
Founded in early 2019 by Ayman Abou Regeila, Ahmed Hussein, and Mahmoud Latif, beXel offers a SaaS inspection management software for industrial services such as energy, oil, gas, and construction industries.
Currently, beXel serves companies in 14 countries across the world. With the latest funding, it looks to continue expansion within the GCC, starting with KSA.
Cairo-based cloud-based Inspection Management Software (beXel) has raised six-figure (USD) in an investment round led by JH Investments Ltd, as well as follow-on funding from Flat6Labs, UI Investments, and Saudi Angel Investors.
beXel helps service providers digitally transform their entire end to end process, going paperless, practicing social distancing and dropping their team inspection time to more than 60%.
beXel.io has been widely used in 14 different countries across the world. Especially as beXel got acknowledged by Saudi Aramco in Saudi Arabia, it has been widely used by big international players such as TUV Rheinland (German Based Company), TUV SUD, and Applus Velosi (Spain Based Company).
Investors’ thoughts and ideas
“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. And we are proud of the trust they’ve built with Global clients. And we are confident that this is only the start. Therefore, 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. Commented Marie Therese Fam, Managing Partner of Flat6Labs Egypt.
Tarek Roushdy, Managing Partner of UI Investments said “ Joining beXel’s journey was an easy decision to take considering its strong team, and the traction it made so far. Not to forget, its global exposure, and 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 .. “
Ayman Abouregeila, CEO of beXel Inspection for Software, commented “As the 1st cloud-based inspection management software in the MENA Region. Also, We are proud to have built such a solution. This solution is proven and used by worldwide clients. Any client can customize the application easily. Customization to address buyers’ needs, and operational cycle, and cover their end-to-end challenges.
With the latest funds, the Egyptian startup is now expanding to Saudi Arabia and other GCC countries. Ayman said, “We’re in a good place to scale to Saudi Arabia. And expand our team to support our customers on the ground”