سومتك | SoumTech

What سومتك | SoumTech does

SoumTech (سومتك) operates a digital auction marketplace positioned as the national auction platform (المنصة الوطنية للمزادات) of Saudi Arabia. Headquartered in Riyadh at حي النفل along the Northern Ring Road branch, the company runs a web platform (soum.tech) together with native iOS and Android applications under the developer identifier com.beetleware.soumtech. The platform enables both individual and corporate users to browse, list, and participate in auctions across three asset categories: real estate (عقارات), movables (منقولات), and arts (فنون). Auction discovery is supported through category browsing, a geographic map view, countdown timers, and group-level auction detail pages showing individual asset counts and aggregate values.

The underlying technology is a standard two-sided marketplace architecture with listing management, real-time bidding, and asset-level auction mechanics; no proprietary AI/ML components, APIs, or SDKs are disclosed. SoumTech is licensed by the Saudi General Authority for Real Estate (الهيئة العامة للعقار), and licensing documentation is published in the platform footer alongside contact details (info@soum.tech, +966 53 202 2023). Channel partnerships with real estate companies — notably Adir Real Estate (شركة أدير العقارية) and Rimal Al-Jazira Real Estate (رمال الجزيرة العقارية) — supply a meaningful share of the listing inventory, with headline auction values exceeding SAR 1.87 billion on a single auction (Jauza Riyadh) and SAR 900M+ on several others.

SoumTech operates as a privately held company with no disclosed funding rounds, headcount, management team, or revenue figures. The platform monetizes via transaction-based fees on completed auctions (no public pricing schedule). Distribution is product-led and self-serve through the website and mobile apps, complemented by a partner network targeting enterprise-level listing supply. Operating geographies span at least three Saudi regions — Riyadh, Makkah, and Eastern Province — and the company explicitly brands itself as a national rather than regional venue for digitizing the Kingdom's auction market.

Name

سومتك | SoumTech

Legal name

سومتك | SoumTech

Website

https://soum.tech

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

SoumTech (سومتك) is a Saudi Arabia-based digital auction marketplace, licensed by the Saudi General Authority for Real Estate, that enables individuals and companies to list and bid on real estate, movables, and arts via web and mobile apps.

Ownership category

akta.pro rank

Product category

Online Auction Marketplace

NAICS

Software Publishers (5132), Software Publishers (513210)

SIC

Services-Prepackaged Software (7372)

akta.pro industry

PRIMARYBPAJAEAJ

Online/Virtual Real Estate Auctions (Marketplace Platforms)

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Real Estate Auction Services

Keywords

• Online auction platform
• Real estate auctions
• Digital marketplace
• Movable assets auction
• Arts auction platform

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2C

Offering type

Digital Commerce or Content

Cost components

Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Auction Transaction Fees: Platform likely generates revenue through transaction fees on completed auctions. The platform facilitates real estate, movables, and arts auctions, earning commissions on successful sales.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

SoumTech operates a national digital auction platform in Saudi Arabia that enables individuals and companies to browse, participate in, and list auctions for real estate, movables, and arts. The platform provides a secure electronic environment for online bidding with countdown timers, map views of available auctions, and a partner network of real estate companies supplying listings. It is accessible via a web platform and dedicated iOS and Android mobile applications.

Product overview

سومتك (SoumTech) is a unified auction platform serving as Saudi Arabia's national digital marketplace for auctions. The platform consists of the core web-based auction platform (المنصة الوطنية للمزادات) and a mobile application available on iOS and Android. The platform supports three main auction categories: العقارات (Real Estate), المنقولات (Movables), and الفنون (Arts). Users can browse current, upcoming, and completed auctions, view auctions on a map, add their own auctions, and participate in real-time bidding through the platform.

Differentiator

Problem solved

Functional benefit

Products and services

• SoumTech National Auction Platform (سومتك - المنصة الوطنية للمزادات) A web-based digital auction platform that enables individuals and companies across Saudi Arabia to browse current, upcoming, and completed auctions; view auctions on a map; add their own auctions; and participate in real-time bidding for real estate, movables, and arts.
• SoumTech Mobile App (تطبيق سومتك للجوال) Mobile application available on iOS (App Store) and Android (Google Play) that allows users to browse auctions in real-time, participate in auctions, and manage their auction activities on mobile devices.

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core and minor.

• Rimal Al-Jazira Real Estate (رمال الجزيرة العقارية)coreChannel Partner/ Reseller/ DistributorReal estate company partnering with SoumTech to list properties on the auction platform and bring buyer clients to participate in auctions.
• Adir Real Estate (شركة أدير العقارية)coreChannel Partner/ Reseller/ DistributorMajor real estate company collaborating with SoumTech for digital auction listings, including notable high-value properties.
• Makan Al-Mostejar (مكان المستثمر)minorChannel Partner/ Reseller/ DistributorReal estate investment company listing properties on the SoumTech platform.
• Al-Joud for Auctions (هوية للمزادات)minorChannel Partner/ Reseller/ DistributorAuction company identity/logo visible on the partner section, indicating a working relationship for auction listings.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Regional players

• Bayut: Bayut is a leading Gulf-based real estate classifieds and marketplace platform operating in the UAE and Saudi Arabia. It is a regional peer to SoumTech as a Gulf digital real estate platform, but operates primarily as a listings/marketplace rather than a regulated online auction venue.
• Emirates Auction: Emirates Auction is a UAE-based online auction platform for vehicles, real estate, and general assets. It is a regional peer to SoumTech with a similar Gulf-region digital auction model and category mix, but operating in the UAE rather than Saudi Arabia.

Broad incumbents

• Sotheby's: Sotheby's is a global incumbent auction house with a major online bidding platform across art and luxury collectibles. It is comparable to SoumTech as a broad auction incumbent that overlaps with SoumTech's arts category and brings established buyers, but operates at vastly larger scale across geographies.
• Christie's: Christie's is a global incumbent auction house with online auctions across art and luxury categories. It is comparable to SoumTech's arts and high-value auction use case, but as a broad incumbent with global brand reach rather than a digital-only Saudi national platform.
• eBay: eBay is the largest general-purpose online marketplace with deep roots in auction-format listings. It is a broad incumbent comparable to SoumTech's self-serve auction platform mechanics, but spanning all consumer categories globally rather than Saudi-specific regulated auctions.

Direct peers

• Auction.com: Auction.com is the largest US-based online residential and commercial real estate auction marketplace. It is a direct comparable to SoumTech's online auction marketplace model, covering real estate and adjacent asset classes with secure electronic bidding.
• Catawiki: Catawiki is a European online auction platform for collectibles, art, and specialty assets. It is a direct comparable to SoumTech's multi-category digital auction model (real estate, movables, arts) with curated listings and timed online auctions.
• LiveAuctioneers: LiveAuctioneers is an online auction aggregator and marketplace for art, antiques, and collectibles. It is comparable to SoumTech's digital auction model spanning arts and movables, with mobile bidding and a national/regional marketplace structure.
• PropertyRoom.com: PropertyRoom.com is a US-based online auction marketplace for government-seized, surplus, and consigned assets across multiple categories. It is comparable to SoumTech as a multi-category self-serve online auction platform serving both institutional sellers and individual buyers.

Emerging players

• Artnet: Artnet is an online art marketplace and auction database with auction house partnerships. It is comparable to SoumTech's arts vertical as a digital art commerce/auction platform, but focused on price transparency and listings rather than regulated real estate auctions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/soumtech

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about سومتك | SoumTech