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#News(Startup) [ via IoTForIndiaGroup ]
Construction is one of the biggest industries in the Middle East. At any given time, there are billions of dollars being put into construction projects in United Arab Emirates, Saudi Arabia, Oman, Qatar and many other countries of the region.
What’s interesting, however, is that we hardly see any regional startups creating products for this multi trillion dollar industry that continues to use tools and solutions created tens of years ago.
The startup has just raised $300,000 from CCC (Consolidated Contractors Company), a construction group with working on projects across Middle East, Asia and Africa. The investment is part of $1.5 million round that WakeCap aims to close in the next six months. Apart from this $300,000, WakeCap already has commitments for another $400,000 from some regional VCs.
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