Riyadh, Saudi Arabia — JARAS Hospitality, a rising leader in innovative hospitality management solutions, has successfully closed its pre-seed funding round, raising SAR 2.5 million. This significant investment marks a pivotal step in supporting the company’s ambitious expansion plans and commitment to enhancing operational efficiency in the hospitality sector. Founded in 2023, JARAS offers a […]
Riyadh, October 2024 – Saudi Venture Capital (SVC) has announced a $15 million investment in Saqr Fund II, a venture capital fund managed by Vision Ventures. The fund, which is targeting a total size of $90 million, is focused on investing in early-stage startups, from pre-seed to pre-series B, across Saudi Arabia and the broader […]
A Pioneering Collaboration Streamlines Clinical Documentation, Empowering Healthcare Professionals and Enhancing Patient Care Sahl AI, a healthcare technology startup co-founded by Ammar, a former Accenture consultant, and his brother, a haematologist with a Ph.D. in translational medicine, is driving transformative change in the Saudi healthcare sector through a strategic partnership with Riyadh First Health Cluster […]
Riyadh, Saudi Arabia — October 2024: Tawaref, a Saudi-based investment community specializing in startup services across the MENA region, has announced its strategic acquisition of Amaana.ai, a leading artificial intelligence (AI) solutions provider. This acquisition strengthens Tawaref’s ability to offer comprehensive, AI-powered services to its expanding portfolio of startups and investors, significantly enhancing its support […]
Riyadh, Saudi Arabia – In a strategic move to foster the development of national talent in the securities sector, the Financial Academy has signed a Memorandum of Understanding (MoU) with Al Rajhi Capital. This partnership aims to promote continuous professional training, develop leaders and professionals, and qualify fresh graduates in the industry. Through this collaboration, […]
Riyadh, Saudi Arabia – AILA, a cutting-edge Saudi education technology company, has successfully closed a $1.15 million pre-seed investment round led by Sabah Hub, with additional backing from White Hill Capital and three prominent Saudi angel investors. Founded in 2023 by Yousef Al Sayed, Abdulaziz Bin Muqil, and Nouf Bin Muqil, AILA is on a […]
Riyadh, Saudi Arabia – October 9, 2024: Ejari, a pioneering fintech platform in Saudi Arabia’s real estate sector, has announced the successful closing of a $14.65 million (SAR 55 million) seed financing round. The round was led by Partners for Growth (PFG) and BECO Capital, with notable participation from anb seed, Alinma Pay (the investment […]
Dubai, UAE – Astra Tech, a leading consumer technology holding group based in the UAE, has announced a strategic partnership with National Bonds, the UAE’s premier savings and investment company. This collaboration is set to provide 9 million Botim users across the UAE with easy access to National Bonds’ innovative savings and investment products directly […]
Riyadh, September 2024 – Najm for Insurance Services has introduced an innovative “virtual visit” channel, enabling customers to connect via video calls with customer service representatives through its website. This latest offering aligns with Najm’s commitment to enhancing customer experience by delivering high-quality services, leveraging digital technologies to ensure seamless access anytime, anywhere. The “virtual […]