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# Kuwait-based gifting platform Teeela raises over $3 million in funding
- URL: https://www.techloy.com/kuwait-based-gifting-platform-teeela-raises-over-3-million-in-funding/
- Published: 2022-08-01T12:22:48.000Z
- Updated: 2022-12-07T22:26:45.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: E-commerce, kuwait

[Teeela,](https://www.teeela.com/enl/) a Kuwait-based customized gifting platform has raised $3.75 million in its pre-Series A funding round led by Well Wealth, a Saudi-based investment firm, with participation from Mad'a Investment company and others.

- The capital will be used for its regional expansion, product development, and hiring of new talents, the startup claims.
- Teeela offers a large selection of toys, with customized and personalized gifting options including bespoke wrapping and last-minute ordering.
- The gifting app has conversion rates four to five times higher than the average e-commerce marketplace and high customer retention.
- It intends to expand to the Kingdom of Saudi Arabia and the United Arab Emirates.