Marn, the Riyadh-based leading flexible work solution provider, has recently announced the closing of its post-seed round with $1 million in financing led by Sukna Ventures and with participation from Almajdia Investment as well as a number of angel investors. With the fresh capital, the company plans to expand its team and customer base as well as create more opportunities for job seekers.
Co-founded by Mohammad AlSabeeh and Albaraa AlGhefaili in 2017, Marn uses artificial intelligence and machine learning to provide recruitment solutions. The platform allows businesses to meet their staffing needs and offer young workers work experiences to help them hone their professional careers and learn the basic skills required to enter the labour market. The HRTech startup aims to build an ecosystem by developing systems for business owners through various digital solutions that work among themselves in conjunction with different service providers and partnerships that help achieve the vision of this environment.
Speaking about the company, Founder and CEO of Marn, Mohammad AlSabeeh, said:
With the tremendous growth of the local economy, there is a need to provide innovative recruitment solutions to keep up with it. We are working at Marn to build the necessary infrastructure for the future of work through integrating recruitment and employee management solutions with fintech, insurance, and professional training solutions, which ultimately makes the platform a one-stop-shop for businesses and employees that ensures everyone has equal opportunities in the changing landscape of work around the world.
Marn currently serves 26 cities in Saudi and has helped over 300 companies in various sectors, including listed companies such as Saudi Ground Services, Elm, Alsaif Gallery and other leading companies in their respective industries such as Ritz-Carlton, Al-Khuzama Group, and Abdullah Al-Othaim Investment Company. It claims to have created over 50,000 job opportunities in the past years, while registered job seekers have exceeded 350,000 individuals distributed across different cities throughout the Kingdom.
Commenting on the fundraising, Managing Partner of Sukna Ventures, Fares Bardeesi, added:
Flexible work is an innovative work model that emerged with the rise of technology and was enabled by the new regulation. Marn Platform is the local pioneer in flexible work. So I view various partnerships recently made by the company as an illustration of its unique positioning as the most suitable option in this domain for major players in different sectors and high-calibre job seekers.
According to Ahmed Al-Rajhi, Minister of Human Resources in Saudi Arabia, the ministry hopes to reach more than 1.5 million flexible workers by 2030. It also plans to adopt modern working models such as flexible work, freelancing, and remote work to strengthen the economy.
