Khwarizmi Ventures has announced the first close of its second venture capital fund, securing commitments exceeding SAR 270 million (more than $70 million) to support early-stage technology startups across the Gulf Cooperation Council (GCC) region. The new fund will focus on seed and Series A investments, with initial ticket sizes ranging between $1 million and […]
Saudi digital health startup Metafare has closed its first funding round at $1 million, backed by Harmonics Ventures and a group of family offices, as it looks to scale its AI and virtual reality-powered healthcare platform. The funding will support the company’s expansion across Saudi Arabia, development of its AI-driven personalisation technologies, and growth of […]
Saudi Arabia-based contech platform BRKZ has secured a strategic investment from Saudi Industrial Investment Company (SIC), the investment arm of the Saudi Industrial Development Fund (SIDF), marking a significant milestone in the Kingdom’s push to digitise and scale its industrial ecosystem. Founded in 2023 by Ibrahim Manna, BRKZ operates as a B2B construction technology (contech) […]
JEDDAH, Saudi Arabia — Sahm Capital, a fully licensed financial company regulated by the Capital Market Authority (CMA), has opened a new office in Jeddah, marking a key step in enhancing its service capabilities to support its rapidly growing investor base across Saudi Arabia. Located in the Al Zahra district on King Abdul Aziz Road, the […]
Source: Forbes Middle East Saudi Arabia’s trend-led fashion platform Aya has raised $7 million (SAR 26 million) in a Series A round led by Raed Ventures, with backing from Nuwa Capital, Sanabil Investments (a wholly owned company of the Public Investment Fund), Khwarizmi Ventures, and other venture capital firms and angel investors, the company exclusively […]
Dubai, UAE – Homegrown Ventures has announced the final close of its debut fund at $22.8 million, exceeding its initial target and marking a significant milestone for the region’s consumer investment landscape. The fund, described as the MENA region’s first venture capital vehicle dedicated exclusively to consumer packaged goods (CPG) and FMCG startups, closed approximately […]
At the core of the platform is a partner-centric approach, through which Maison Safqa already offers the brands the flexibility to choose between regular flash sales or invitation-only online sales. Riyadh, Saudi Arabia — Maison Safqa, a Saudi-based flash-sale platform for premium and luxury brands, has raised $620,000 in a pre-seed funding round with participation from […]
Via Separations, a leader in process solutions for industrial separations, today announced $36 million in new funding with significant participation from new investors, including Climate Investment, Aramco Ventures, and Marathon Petroleum Corporation, alongside participation from existing backers, including Embark Ventures, The Grantham Foundation for the Protection of the Environment, Massachusetts Clean Energy Center (MassCEC), and […]
Saudi-based edtech startup GAGA has secured $2.5 million in a pre-Series A funding round led by Phoenix Venture Partners, with participation from family offices and individual investors. The latest investment brings the company’s total funding to $4.2 million. Founded in 2021 by Abdullah Alkharsani and Eyad Alshabaan, GAGA delivers live, interactive online education for students […]
Riyadh, Saudi Arabia – Saudi Arabia-based quick-commerce startup Ninja is evaluating an initial public offering (IPO) in Riyadh, as it looks to capitalise on strong growth and rising investor interest in the Kingdom’s technology sector. Founded in 2022, Ninja operates an online supermarket platform offering rapid delivery of groceries, medicines, and everyday essentials across Saudi […]