Riyadh, Saudi Arabia – Saudi digital asset infrastructure startup Oumla has announced an extension of its seed funding round as it accelerates the development of secure, locally hosted blockchain infrastructure for regulated financial and public-sector use cases.
The extension builds on Oumla’s previously announced seed round, which was led by Core Vision Investment and Avalanche, and brings in new participation from Wa’ed Ventures, Sanabil 500, KAUST Innovation Ventures (KIV), and Plus VC. The continued backing reflects growing investor confidence in Oumla’s mission to enable compliant, enterprise-grade digital asset adoption within the Kingdom.
Founded to support digital assets in highly regulated environments, Oumla is developing infrastructure tailored for institutional, enterprise, and government use. The newly secured capital will be deployed to accelerate product development across core areas, including secure key management, wallet and transaction operations, portfolio management, and governance controls designed to meet strict regulatory requirements.
A central focus of the funding extension is the deployment of private blockchain networks hosted and operated entirely within Saudi Arabia. By offering fully onshore infrastructure, Oumla aims to address national priorities around data localization, operational sovereignty, and governance—key considerations for banks, government entities, and large enterprises exploring blockchain-based systems.
The company also plans to deepen partnerships with financial institutions, government bodies, and large organizations, while expanding blockchain integration across the financial and real estate sectors.
Commenting on the development, Mohammed Aljasser, CEO and Founder of Oumla, said the funding extension will accelerate the establishment of secure, locally hosted digital asset infrastructure and enable organizations to adopt blockchain technologies with confidence.
He added that Oumla will continue strengthening collaboration with regulatory authorities, financial institutions, and government entities to ensure the highest compliance and security standards.
In September, Oumla raised $2.4 million in a seed funding round to expand its team and strengthen partnerships across Saudi Arabia and the wider region.
