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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. The app, which gives Saudi men and women the opportunity to have flexible health and wellness memberships at gyms throughout the Kingdom, plans to use the new funding to expand into the Kingdom’s corporate health and wellness sector. ...

GetMuv raises $500,000 bridge investment Saudi Arabia-based health and fitness app GetMuv, has raised a $500,000 (SAR 1.8 million) bridge round from the entrepreneurship arm of Aramco, Wa’ed. Founded in 2017, GetMuv offers its users flexible memberships across multiple gyms throughout the Kingdom, instead of making long-term commitments to a single club. More than 100,000 Saudis have applied to gym memberships through the app. “We are grateful to Wa'ed for their continued funding support, as we grow and expand our business. Since our startup was created at the end of 2017, GetMuv has deve...

January 27, 2021 Wa’ed, the entrepreneurship arm of Aramco, Wednesday announced a bridge investment of SR1.8 million ($500,000) in GetMuv, the Jeddah-based fitness app that gives Saudis flexible access to fitness clubs and health centers. AEC Wa'ed logo. JEDDAH — Wa’ed, the entrepreneurship arm of Aramco, Wednesday announced a bridge investment of SR1.8 million ($500,000) in GetMuv, the Jeddah-based fitness app that gives Saudis flexible access to fitness clubs and health centers. The investment from Wa’ed’s venture capital arm, Wa’ed Ventures, is its second in...

              You can’t stop progress, and in most cases it’s a wondrous thing. Take technology, for example. When I was a kid growing up in the 1970s, even the concept of a basic cellular telephone that you could carry with you anywhere seemed as futuristic as flying cars. All we had were clunky rotary dial phones that were plugged into wall jacks. Now, everyone has a “phone” that can do almost anything including make calls, send text messages, take pictures and videos and send or share them instantly, navigate to any destination, video chat with others, and access the I...