beXel, an Egyptian inspection management startup, has raised a 6-figure funding round

BeXel, an Egyptian cloud-based inspection management software company, has raised a six-figure US dollar round of funding in order to expand into Saudi Arabia and other GCC countries.

beXel is a SaaS digital cloud-based inspection management software that focuses on industrial services such as energy, oil and gas, and construction. It was founded in early 2019 by Ayman Abou Regeila, Ahmed Hussein, and Mahmoud Latif.

The startup, which has been widely used in 14 different countries, assists service providers in digitally transforming their entire end-to-end process, going paperless, practicing social distancing, and reducing team inspection time by more than 60%. Following a six-figure US dollar round of funding led by JH Investments and featuring follow-on funding from Flat6Labs, UI Investments, and Saudi angel investors, it is now planning a concerted expansion to Saudi Arabia and other GCC countries.

“As the first cloud-based inspection management software in the MENA Region, we are proud to have created such a solution that is proven and used by clients all over the world.” “Our entire application can be easily customized to each buyer’s needs, addressing their entire operational cycle and covering their end-to-end challenges,” said beXel co-founder and CEO Ayman Abouregeila. “We’re in a good position to scale to Saudi Arabia while also expanding our team to support our customers on the ground.”

UI Investments managing partner Tarek Roushdy expressed delight at being a part of the beXel story.

“Joining beXel’s journey was an easy decision to make given its strong team, the traction it has achieved thus far, its global exposure, its enormous growth potential, and finally being a startup that brings digitalisation to the oil and gas sector, which I belonged to,” he said.

beXel graduated from the Flat6Labs Egypt accelerator in 2019, and managing partner Marie Therese Fam stated that her company was a “true believer” in beXel’s team and product from the beginning.

“The solution that beXel is providing to multiple global industries is unique in that it provides scalability and efficiency metrics that were previously unattainable.” We are extremely proud of the team’s accomplishments to date, particularly the trust they have established with global clients, and we are confident that this is just the beginning. “We are excited about the product’s scalability and enhancement, and we are confident that beXel will continue to dominate the equipment inspection industry for many years to come,” she said.