Riyadh, Saudi Arabia – February 11, 2025 Buildnow, the first BNPL company in the MENA region that specializes in decoupling trade from credit in the B2B sector, has announced that it has successfully raised $10 million through a combination of debt and non-dilutive financing. This investment round will enhance Buildnow’s services and expand its support to small […]
Riyadh, Saudi Arabia – Mohami, a pioneering Saudi startup specializing in AI-driven legal consultancy, has successfully closed a pre-seed investment round worth SAR 1 million, raising the company’s valuation to SAR 15 million. The newly acquired funding will be utilized to strengthen Mohami’s presence in the Saudi market and expand its service offerings to meet […]
Riyadh, Kingdom of Saudi Arabia – Saudi Venture Capital Company (SVC) released today its recent “Impact Report”, which revealed SVC’s contribution to achieving record growth rates. The report highlighted SVC’s impact on the private capital ecosystem (Venture Capital, Private Equity, Venture Debt, and Private Debt) in the Kingdom since the company’s establishment in 2018. The SVC […]
Riyadh, Saudi Arabia – Saudi-based AI startup vminds.ai has successfully closed a six-figure pre-seed investment round led by angel investors from various sectors. Following this funding, the company has officially launched its platform for individuals, with plans to introduce an enterprise version in Q3 2025. The startup also aims for regional and global expansion while […]
Riyadh, 30 January 2025 – Forus, one of Saudi’s leading debt crowdlending platforms specialising in working capital solutions for SMEs, has secured a $60 million securitization debt facility from Fasanara Capital Ltd (“Fasanara”), a London-based investment manager with over $4.5 billion in assets under management. This funding will enable Forus to scale towards becoming one of […]
RIYADH — Lendo, the leading debt crowdfunding platform in Saudi Arabia, has secured a USD 690 million (SAR 2.6 billion) warehouse facility led by J.P. Morgan. Supported by Fintech Saudi, this milestone underscores the growth in Saudi Arabia’s fintech sector and the vast opportunity in SME financing in the economy. The facility is expected to contribute […]
Ramallah, Palestine (29/01/25) – Ibtikar Fund is excited to announce its investment in Nabeeh, a game-changing PropTech startup revolutionizing maintenance and cleaning services for property owners, real estate operators, and multi-branch businesses through cutting-edge technology and on-demand innovation. This investment underscores Ibtikar Fund’s strategy of supporting innovative and scalable startups that address real market needs and deliver […]
Saudi Arabia-based startup UpLevel has successfully raised an undisclosed pre-seed investment round from angel investors, marking a significant milestone in its mission to enhance professional development and institutional performance. Founded in 2024 by Idris Alshaya and Hamad Al-Lahaidan, UpLevel provides smart solutions designed to empower individuals and organizations through specialized career guidance, innovative coaching, and […]
Riyadh, Saudi Arabia: Foz App, a Saudi-based application specializing in innovative marketing solutions through digital coupons for the business sector, has successfully closed a SAR 2 million pre-seed funding round in the fourth quarter of 2024. The funding was secured from a group of bold investors, reflecting strong confidence in the company’s vision and growth […]
RIYADH, Saudi Arabia–(BUSINESS WIRE/AETOSWire)– 500 Global, a leading global venture capital firm, today announced the launch of 500 MENA, L.P. (the “Fund”), a new fund dedicated to investing in high-growth technology startups across the Middle East and North Africa (MENA) region both from outside and inside the current 500 Global portfolio. This strategic move positions 500 Global […]