Aramco’s entrepreneurship arm Wa’ed invests $500k in fitness app

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Sat, 2021-01-30 13:16

RIYADH: Wa’ed, the entrepreneurship arm of Saudi Aramco, has announced a $500,000 bridge investment in GetMuv, the Jeddah-based app dedicated to fitness clubs and health centers.

The investment was through the company’s venture capital arm, Wa’ed Ventures, and is the second injection of cash in GetMuv, following on from a $1.5 million investment in 2019.

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