Source: Google Riyadh, Saudi Arabia — Google has announced a strategic commitment to support Saudi Technology Ventures’ (STV) newly launched AI Fund, a dedicated initiative aimed at empowering AI-native startups across the Middle East and North Africa (MENA). This marks a major milestone in Google’s broader mission to ensure technology—particularly artificial intelligence—benefits everyone in the region. […]
WakeCap, a leading construction technology startup, has announced the successful closure of a $28 million funding round at the Saudi-US Investment Forum. The investment will support the company’s efforts to expand its services and enhance its technologies aimed at improving safety and productivity at construction sites. WakeCap specialises in developing wearable technology solutions that enable […]
Source: Arab News RIYADH: Wyld VC, a new early-stage venture capital firm founded by Saudi investor Tala Hasan Al-Jabri, has announced the launch of its inaugural $50 million fund — marking the first AI-native VC fund to emerge from the MENA region. The launch coincided with US President Donald Trump’s high-profile visit to Riyadh from […]
Riyadh, Saudi Arabia – Kilow, a Saudi-based digital health and weight management platform, has announced the successful closure of its $2.5 million seed funding round. The round was led by Sanabil Venture Studio by Stryber, a subsidiary of Sanabil Investments. Founded in 2024 by Fahed Al Essa, Kilow aims to revolutionize the healthcare experience in Saudi […]
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 […]