Quantum, a Saudi-based ad-tech platform, has raised undisclosed investments from HearstLab, Sukna Ventures, Vision Ventures, and Tech Invest Com as a part of a $7 million Pre-Series A round.

Why it Matters? The investment marks the first Hearstlab investment in GCC.

More to Know:

• Quantum was founded in 2017 in Jeddah by Omar Malaikah and Sara Bin Ladin.
• The Platform focuses on ad-tech. It empowers advertisers with data to choose the best publishing spaces with publishers.
• Tech Invest Com and Vision Ventures have previously led the platform’s investment round in 2021.