Saudi Arabia-based platform Flawless has raised $1.5 million in pre-seed funding, backed by unnamed angel investors focused on early-stage innovation. Founded by Shaimaa Alghamdi, the platform uses generative AI and social psychology to offer personalised career guidance. The company originated as a blog in 2023 and transformed into a full-fledged digital startup in 2024, targeting unmet demand […]
Saudi Arabia-based quick delivery company Ninja has officially achieved unicorn status after securing approximately USD 250 million in a funding round led by Riyad Capital, according to individuals familiar with the matter. The round values the three-year-old company at around USD 1.5 billion, making it one of the few tech unicorns in the Kingdom. Founded in 2022, Ninja offers ultra-fast delivery services […]
Riyadh, Saudi Arabia, 30 June 2025: Jadwa Investment, a leading investment management and advisory firm in the Middle East, today announced it has led a USD 50 million investment round in PetroApp, Saudi Arabia’s leading fuel management platform, through its flagship blind-pool vehicle, Jadwa GCC Diversified Private Equity Fund. Bunat Ventures, a regional venture capital […]
Riyadh, Saudi Arabia: In a milestone transaction poised to reshape the fintech-loyalty landscape in the Kingdom, Equivator, a premier alternative investment firm, has revealed a strategic investment of SAR 30 million in Related, a UAE-headquartered company, pioneer in loyalty and rewards solutions. The important step contributes to reinforcing Saudi Arabia as a regional and global basis […]
STV, MENA’s largest independent technology venture capital fund, has invested in Morni, a Saudi tech-enabled automotive services platform, from its newly launched $100 million NICE fund. The undisclosed backing reflects STV’s confidence in Morni’s vision as the company expands beyond its roots in roadside assistance to an integrated platform – now spanning roadside assistance, vehicle […]
Nine companies will present live at Demo Day on July 2, 2025, at Sanabil Hub in Riyadh. June 18th, 2025; Riyadh, Saudi Arabia – 500 Global, a multi-stage venture capital firm, and Sanabil Investments, a financial investment company wholly owned by the Public Investment Fund (PIF), announce the ninth batch of the Sanabil Accelerator by […]
Saudi-Egyptian startup Darwinz AI raised USD 325k in a seed funding round led by Flat6Labs KSA and Glint Ventures. The round marks the company’s first institutional funding round after having until now been bootstrapped by its co-founders, co-founder Mohy Aboualam. Darwinz AI? Founded in Egypt in 2021 by Emad Elazhary and Mohy Aboualam, Darwinz AI is a startup […]
Istanbul, June 2025 — VenueX, an Istanbul-based AI startup, has secured USD 1.2 million in a bridge funding round led by Singapore-based Orbit Startups. Other participants in the round include Re-Pie, Akkök Holding, and Akyasam. The funding will be used to fuel the company’s expansion across the Middle East and North Africa (MENA) region, with a particular […]
Riyadh, Saudi Arabia – May 29, 2025 — Taawoni, a pioneering platform digitizing cooperative training and professional development, has successfully closed a $1.6 million investment round, led by M Capital, with participation from several strategic investors committed to driving innovation in the education and workforce development sectors. Founded to streamline and automate cooperative training (Co-op) […]
Riyadh, Saudi Arabia – May 28, 2025 — Stitch, a Riyadh-headquartered fintech startup enabling faster deployment of banking and payment products, has raised $10 million in a seed funding round. The round was led by Arbor Ventures, COTU Ventures, Raed Ventures, and the Saudi Venture Capital Company (SVC), with additional participation from prominent family offices […]