Leo Parts FZ-LLC (UAE), the holding company of Leopart Group, has closed an A+ investment round of $500,000. Seven Rivers Capital acted as the Exclusive Arranger, securing financing from an investor in the UAE.
Leo Parts FZ-LLC (UAE) – the owner of the projects https://www.leopart.kz and https://www.auto.kz – promotes a SaaS solution in Central Asia and the MENA region, enabling the launch of a personalized platform for the sale of spare parts, automotive accessories, insurance, and other related products and services.
The solution is designed for car owners and professional market participants, including algorithms for product search, price and quality optimization, accounting, service, interaction with service stations, and other modules.
The platform addresses the “last mile” problem and provides a comprehensive White-Label solution for the direct sale of spare parts from dozens of manufacturers worldwide, both for operational partners (B2B) and car owners (B2BC). At professional exhibitions, the White-Label solution is promoted under the brand http://webshop.parts.
The funds raised will be used to implement the platform in six jurisdictions by the end of 2024, where agreements have already been signed with operational partners and key suppliers: in MENA – UAE, KSA, Egypt; in Central Asia – Kyrgyzstan; in Southern Africa – Zambia; and in the UK.
This territorial diversification will allow the platform to be tested in multiple currencies and languages, markets with varying internet penetration, and car density per capita.
In the first half of 2024, the growth in the number of partner sites based on the platform and retail turnover increased by 10-20% monthly, confirming the correctness of the chosen strategy.
