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, […]
In a landmark move for the MENA gaming industry, Jetapult, a global strategic investment company backed by Accel, has acquired a significant stake in UMX Studio, one of Saudi Arabia’s leading homegrown game development companies through an all-cash transaction of $4.5 million (about Rs 37.8 crore). The multi-million-dollar all-cash transaction marks Jetapult’s first investment in […]
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 […]
Manama, Bahrain – Arab Financial Services (AFS), a leading digital payment solutions provider in the region, has announced a strategic partnership with Zand, the UAE’s first fully licensed all-digital bank. This collaboration aims to accelerate the growth of Fintechs and emerging financial players by providing them with access to AFS’s state-of-the-art payment processing services and […]
Riyadh, Saudi Arabia – Yamm, a pioneering startup specializing in automated return and refund solutions, has successfully closed its Pre-Seed funding round with undisclosed amount. The round was led by Flat6Labs with participation from Judah Ventures and a consortium of strategic angel investors. Founded by Sultan Al-Subhi, Mohammed Al-Shalati, and Hamadah Al-Khaldi, Yamm offers an […]
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 […]