Riyadh-headquartered meal subscription startup Calo has raised $39 million in a Series B extension round led by AlJazira Capital, bringing its total Series B raise to $64 million, the company announced today. The extension follows the initial $25 million Series B tranche raised in December 2024, which was led by Nuwa Capital, and valued the company at […]
Riyadh-based AI startup Sawt has raised $1 million in a pre-seed funding round led by T2 and STV, the company announced today. It marks the first investment from STV’s newly launched AI fund, which is backed by Google. Founded earlier this year by Abdulmalik Al-Saeed, who was previously the Editor-in-Chief of leading Saudi podcasting platform […]
The signing of the MoU marks a key milestone in our joint mission to unlock fintech private credit opportunities in Saudi Arabia. Riyadh – Alkhabeer Capital has signed a strategic partnership agreement with Fasanara Capital, a $5 billion global asset manager specializing in technology-enabled credit solutions, according to a press release. The signing of the memorandum […]
Saudi Arabia-based conversational AI startup Wittify.ai has raised $1.5 million in a pre-seed round from a syndicate of prominent Saudi angel investors. Founded in 2025 by Nader El-Batrawi and Sarah AlHumoud, Wittify.ai enables businesses to deploy AI-powered voice, chat, and omnichannel assistants that support more than 25 Arabic dialects. Its no-code platform integrates with websites, social […]
Riyadh, Saudi Arabia – Sukna Capital has received official approval from the Saudi Capital Market Authority (CMA) to launch Sukna Fund for Direct Financing. SFDF is KSA’s first open-ended, sharia compliant direct lending fund—marking a regulatory milestone for non-bank financing in MENA. As a CMA-licensed alternative asset investment platform, Sukna is now authorized to offer institutional […]
Riyadh, KSA: Lucidya, the leading AI-powered customer experience management (CXM) platform in MENA, has announced the successful close of its USD30 million Series B round, making it the largest AI investment ever raised in the region. The round was led by Impact46, the Saudi VC behind IPOs like Jahez and Rasan. New participants included Wa’ed Ventures, […]
Saudi Arabia, Riyadh: 14 July 2025 – Yasmina, the pioneering embedded insurance platform based in Riyadh, has successfully secured $2M in Seed funding. Scene Holding led the round, co-led by Access Bridge Ventures, with participation from Arzan VC and early backing from the Sanabil Investment Accelerator by 500 MENA. Founded in 2023 by Masoud Alhelou […]
Jahez Group signs an agreement to acquire a 76.56% stake in Snoonu, Qatar’s fastest-growing technology company and a key player in the country’s e-commerce and on-demand delivery sector. The USD 245 million ($ 919 million) transaction is expected to unlock significant technological and operational synergies, positioning the combined group for value accretive growth in the […]
Saudi Arabia-based software startup Rekaz has secured $5 million in a seed funding round led by COTU Ventures, with participation from Impact46, Shorooq, Numrah Capital, and a group of angel investors. The company will use the funding to scale its AI-powered platform, enhance product capabilities, and expand across the GCC and broader MENA markets. Software […]
The investment aligns with stc group’s strategy to expand its digital finance footprint and support high-growth platforms shaping capital access. Tali Ventures, stc group’s corporate venture capital arm, has led a strategic funding round in Tarmeez Capital, a Saudi fintech innovating in the fast-growing sukuk and debt instruments market. Tarmeez has facilitated over SAR 2 […]