Arable, a Saudi-based AgriTech startup co-founded by Lawrence Ong (CEO) and Christina Khalife (COO), with the collaboration of Executive Partners Marc and Anthony Eid, has announced the successful closure of a $2.55 million (SAR9.75 million) Seed funding round to pioneer sustainable hydroponic farming in the Kingdom. The round included participation from institutional and private investors, […]
Riyadh, Saudi Arabia – January 20, 2025: Wilow, an emerging tech startup specializing in innovative laundry solutions, has successfully closed an undisclosed Pre-Seed investment round. The funding comes from a group of angel investors and marks a significant step forward in the company’s growth journey. Founded in September 2024 by Mohammed Al-Marri and Wijdan Al-Otaibi, […]
Riyadh, Saudi Arabia — Rize, a leading real estate technology company in the Kingdom of Saudi Arabia, has successfully closed its Series A investment round, raising SAR 132 million (USD 35 million). The round, which includes a mix of equity and debt, was led by Raed Ventures, with participation from SEEDRA Ventures, Aqar Platform, JOA […]
Saudi Arabia has emerged as the leading destination for venture capital (VC) funding in the Middle East and North Africa (MENA) region in 2024, according to the newly released “2024 Emerging Markets Venture Capital Report” by MAGNiTT. The Kingdom recorded an impressive $750 million in VC investments, accounting for 40% of the total VC funding […]
January 7, 2025 Riyadh, Saudi Arabia – Revie, the tech-enabled platform revolutionizing home and commercial renovation in Saudi Arabia, is proud to announce the successful closure of a $2.5M seed funding round led by Sanabil Venture Studio by Stryber. This investment marks a significant milestone for Revie, enabling the company to accelerate its mission of […]
Riyadh, Saudi Arabia — Jeel Pay, a leading Saudi fintech company specializing in educational financing solutions, has successfully closed its SAR 25 million Pre-Series A funding round. The round was led by JOA Capital, with participation from Aljazira Capital, aimed at bolstering the company’s expansion and the development of innovative digital solutions tailored to meet […]
Zension Technologies Secures $30 Million in Series A Funding Backed by Aramco’s Wa’ed Ventures and Sumitomo Corp Riyadh-based consumer electronics startup Zension Technologies has successfully raised $30 million in a Series A funding round, led by Saudi Aramco’s early-stage venture fund Wa’ed Ventures, Japanese conglomerate Sumitomo Corp., and Dubai-based Global Ventures. This investment defies a […]
Led by Saudi venture studio Value Makers Studio (VMS), in collaboration with the Economic Development Centre and the Madinah Chamber of Commerce, and under the patronage of HH Prince Salman bin Sultan bin Abdulaziz, Governor of Al Madinah Region, Al Madinah Ventures program has been launched in the Kingdom of Saudi Arabia to enhance entrepreneurship, innovation, and investment […]
Riyadh, Saudi Arabia – The Saudi startup “Vreal” has successfully raised a Pre-Seed investment round from “Numu Angels Investment Community,” marking a significant milestone in its journey to develop innovative technological solutions for the e-commerce sector. This strategic investment comes amidst the rapid expansion of e-commerce markets, highlighting the increasing demand for enhanced digital shopping […]
Riyadh-based foodtech startup Calo, the Middle East’s largest personalised meal subscription service, has announced raising SAR 94 million ($25 million) in its Series B funding round. The round was led by Nuwa Capital, with participation from STV, Khwarizmi Ventures, and regional family offices. This oversubscribed round underscores strong investor confidence, prompting Calo to extend its […]