Riyadh, Saudi Arabia — Nama Ventures Capital Co., one of the first foreign venture capital firms to become fully regulated under Saudi Capital Markets law, has received formal approval from the Capital Market Authority (CMA) to commence its investment management operations in the Kingdom. The milestone marks a significant strategic step as the firm reinforces its long-term commitment to the […]
Nqoodlet, the Saudi-based fintech platform revolutionising SME financial management, has announced the successful close of its $3 million seed round. The round was led by Waad Investments, with participation from OmanTel, 500 Sanabil Investment, Oqal, Seed Holding and other strategic investors. Founded by Mohamed Milyani and Yara Ghouth, Nqoodlet is optimising financial operations for small and medium businesses across […]
Riyadh, April 2025 – STV, the leading growth investor in the tech sector in MENA, has announced the final close of its inaugural non-dilutive capital vehicle, the STV NICE Fund I. This milestone follows a successful commitment from SAB Invest through its Alternative Financing Fund, a CMA-licensed private fund, as well as several family offices. […]
Tuba, a Saudi startup that offers medical solutions for businesses targeting corporate employees, announced it has raised $8 million in pre-seed funding. The round was backed by a group of investment firms and angel investors from industry leaders and entrepreneurs. The company will use the new funding to create a healthcare management platform that uses artificial […]
The company’s Shariah-compliant platform leverages proprietary data modeling for risk assessment and approves applicants within 48 hours Regional businesses including Citron, Wixsana, and House of Pops have accessed funding through erad. Riyadh, Saudi Arabia/ Dubai, UAE – erad (www.erad.co), the Riyadh-headquartered alternative financing platform for SMEs, has successfully raised $16 million [SAR 60 million] in a Pre-Series […]
Islamabad/Riyadh – MedIQ, a pioneering health tech startup founded in Pakistan, has raised $6 million in a Series A funding round to drive its expansion across the GCC region. The round was co-led by Qatar-based Rasmal Ventures and Saudi Arabia’s Joa Capital, with strong follow-on participation from existing investors. Founded in 2020 by physician-turned-entrepreneur Dr. Saira Siddique, MedIQ offers a proprietary […]
$135M Capital Raise, Comprised of Private Placement and In-Kind Contributions, Aims at Increasing iMENA’s Shareholding in Existing Businesses Company completes restructuring into a Saudi company, iMENA Holding Transformation part of evolution into regional digital powerhouse. RIYADH, Saudi Arabia, April 27, 2025 – iMENA Group (“iMENA”), a regional leader in digital platforms in the MENA region, has raised $135 million from Sanabil Investments, a wholly […]
Riyadh, Saudi Arabia: Techrar, Saudi Arabia’s leading subscription, membership, and recurring billing management platform, has successfully closed a SAR 6 million investment round led by aramco Entrepreneurship Center (Wa’ed Ventures). Starting as a single product addressing a basic market need, Techrar has evolved into a fully integrated suite of products and tools that enable merchants […]
SINGAPORE, April 19, 2025 – viAct, a leading impact AI company focused on improving safety and efficiency in high-risk industries, today announced the close of US$7.3M Series A round led by Dublin-based private equity firm Venturewave Capital, with participation from Singtel Innov8, the corporate venture capital fund of Singtel, Asia’s leading communications technology group, Korea Investment […]
Riyadh, Saudi Arabia – Sadq, the leading Saudi platform for digital signatures and integrated workflow authentication solutions, has announced the successful close of its Pre-Series A funding round, raising SAR 5.5 million. The round was led by X by Unifonic Fund, with participation from a group of investors and a strategic investment from Unifonic. This investment […]