Riyadh, Saudi Arabia – Yalla Plus, a Riyadh-based tech company, has successfully closed a $2.7 million seed funding round, positioning itself as a rising star in the global restaurant and café technology space. The funding round was led by Merak Capital, with significant contributions from Khwarizmi Ventures, the American firm Isometry, and a group of angel investors hailing from the Middle East and the United States.
Founded in 2022 by serial tech entrepreneur Abdullah Alrabeh and venture capitalist Bader H. Nasser, Yalla Plus offers an all-in-one technology platform designed to revolutionize the restaurant and café industry. The platform provides an integrated point-of-sale (POS) system that not only manages payments but also supports loyalty programs and delivers in-depth data analytics. This enables businesses to enhance their operational efficiency and performance. Currently, Yalla Plus serves entrepreneurs in 11 countries, with ambitious plans to support 100,000 entrepreneurs across 50 countries in the Middle East, Europe, and Southeast Asia.
Abdullah Alrabeh, Co-Founder and CEO of Yalla Plus, highlighted the company’s mission: “We launched Yalla Plus from Riyadh with the vision of empowering entrepreneurs in the hospitality sector to achieve success. This launch is a testament to the innovation-friendly environment fostered by Saudi Arabia’s Vision 2030. We are committed to continuing our growth by developing exceptional tech products that support entrepreneurs and businesses everywhere.”
The seed funding round will be pivotal in attracting top-tier talent from both local and international markets, helping Yalla Plus realize its goal of becoming a leading global Saudi tech company. Over the next five years, the company aims to expand its reach, supporting 100,000 entrepreneurs globally.
Abdullah Altamami, CEO and Partner at Merak Capital, expressed his pride in backing Yalla Plus, stating, “Yalla Plus has succeeded in creating a flexible and reliable integrated tech system that has earned the trust of small entrepreneurs and major global companies in the hospitality sector. This success underscores the maturity of the Kingdom’s entrepreneurship ecosystem and highlights the capability of Saudi startups to compete on a global stage. At Merak Capital, we are committed to empowering startups in the Kingdom and the region to seize promising opportunities, and our investment in Yalla Plus, particularly in the distinguished entrepreneurs Abdullah Alrabeh and Bader H. Nasser, is clear evidence of this.”
As Yalla Plus continues to grow, it remains focused on leveraging the tech and innovation ecosystem fostered by Saudi Arabia’s Vision 2030, aiming to establish itself as a global leader in the industry.
