Riyadh: Saudi Arabia-based fintech startup Muhlah has successfully closed a SAR 28.25 million (approximately $7.5 million) Seed investment round to accelerate the growth of its Shariah-compliant consumer microfinance platform. The round was led by BIM Ventures and Japan’s SBI Holdings, with participation from Al Suhaimi Holding Group and Fakhr Investment Holding Company. The investment will […]
Saudi-based chip design startup Rimal Semiconductors has secured a bridge funding round from Keheilan Asset Management and an undisclosed regional investor to accelerate the expansion of its chip design operations and strengthen global partnerships. The funding amount was not disclosed. Founded in 2025 by Houssam Salem, Rimal operates under a fabless semiconductor model, focusing on […]
Jada Fund of Funds, a subsidiary of Public Investment Fund, plans to expand its allocation to private credit, according to a report by Bloomberg. The move comes as Gulf investors continue backing the asset class despite heightened scrutiny in Western markets. Jada recently struck a partnership with India-based Stride Ventures, which aims to deploy $200m into […]
Riyadh Valley Company Launches King Saud University Venture Fund in Partnership with SparkLabs Riyadh Valley Company—the investment arm of King Saud University—announced its contribution to establishing the King Saud University Venture Fund and Startup Accelerator in collaboration with the global group SparkLabs. This strategic initiative aims to strengthen the university’s innovation ecosystem and transform scientific […]
Dubai Future District Fund (DFDF) has invested in Dubai-born deep-tech company Immensa to support the global expansion of its digital spare parts platform and strengthen advanced manufacturing capabilities from the UAE. The investment, made alongside Global Ventures and existing shareholders, will enable Immensa to scale its Digital Parts Passport platform, expand internationally, and reinforce more […]
Riyadh, Saudi Arabia – Exel by Merak, a subsidiary of Merak Capital and Saudi Arabia’s premier innovation platform company, has concluded the Demo Day for its second gaming accelerator cohort, marking the completion of a 13-week program. The 17 startups collectively received an investment of USD 5.1 million from Merak Gaming fund through Exel Gaming Accelerator. Hosted […]
HUMAIN invested $3 billion in xAI’s Series E round just prior to its acquisition by SpaceX, positioning itself at a pivotal moment of platform-scale expansion and integration. As a result of the transaction, HUMAIN became a significant minority shareholder, with its xAI holdings converted into SpaceX shares. The investment builds on HUMAIN and xAI’s 500MW […]
Saudi fintech startup MADFU has secured SAR 95 million (approximately $25.5 million) in a Pre-Series A funding round led by AFAQ Capital, with additional participation from angel investors. Founded in 2022 by Abdullah Albrahim, Ahmad Alwosheel, and Anas AlShaqir, MADFU operates as a Sharia-compliant Buy Now, Pay Later (BNPL) platform licensed by the Saudi Central […]
Riyadh, Saudi Arabia – Saudi-based fuel and energy infrastructure fintech CASHIN | كاشـن has successfully closed a SAR 60 million (approximately $16 million) Series A investment round, led by Impact46, marking a major milestone in its growth journey. Founded in 2021 by Omar Al-Ramah, Abdulkarim Zureik, and Obay AlMadi, CASHIN is building the digital infrastructure […]
Riyadh, Saudi Arabia — Saudi Arabia-based food and beverage SaaS startup Jazr.io has raised SAR 800,000 (approximately $213,000) in a pre-seed funding round led by a group of angel investors. Founded in 2024 by Mohammed Almoshwah, Jazr.io (جزر) provides accounting and inventory management solutions tailored for restaurants and cafés, enabling small and medium-sized F&B businesses […]