Riyadh, Saudi Arabia – Bubbl, the fast-growing social networking platform, has secured $350,000 in a Pre-Seed funding round led by prominent angel investor Abdullah Al-Dosari. The app, founded by Aya Al-Hammoud and launched in March 2024, has quickly become a sensation, amassing over 60,000 daily active users within months of its debut. Rising Through the […]
RIYADH, Saudi Arabia—500 Global and Sanabil Investments Launch Eighth Cohort of Sanabil Accelerator to Boost MENA Innovation 500 Global, a leading multi-stage venture capital firm, in collaboration with Sanabil Investments—a financial investment company wholly owned by Saudi Arabia’s Public Investment Fund (PIF)—has announced the launch of the eighth cohort of the Sanabil Accelerator. This batch […]
RIYADH – November 11th, 2024 – Lean Technologies, a Riyadh-based fintech infrastructure platform, has secured $67.5 million in Series B funding led by General Catalyst, a renowned Silicon Valley-based venture capital group. The round also saw participation from Bain Capital Ventures, Stanley Druckenmiller’s Duquesne Family Office, and Arbor Ventures, among others. This brings Lean’s total […]
Riyadh, Saudi Arabia – Saudi Venture Capital (SVC) has announced a $20 million investment in Booster Fund IV, a new venture capital fund managed by BECO Capital, an established early-stage venture firm in the Gulf region with $495 million in assets under management across four funds. Booster Fund IV, operated by BECO Capital, is designed […]
Riyadh, Saudi Arabia – Mush Social, the Saudi-based social media platform known as “Mush,” has successfully raised $1.2 million (SAR 4.5 million) in a pre-seed funding round. The round was led by Nefal Advisory with additional investments from Nahr Aljazeera Holding Company and a group of angel investors. Founded in mid-2022, Mush Social aims to […]
Riyadh, Saudi Arabia — Teradix, a leading provider of advanced eProcurement solutions across the MENA region, has been awarded a $140,000 grant from the prestigious TAQADAM Accelerator programme at King Abdullah University of Science and Technology (KAUST). This funding aims to support Teradix’s ambitious expansion into the Saudi market, enhancing its capabilities to streamline procurement […]
Riyadh, Saudi Arabia — October 2024 — In a significant development for the region’s investment sector, BIM Ventures and Japan-based SBI Holding have announced the launch of BIM Capital, a pioneering joint venture focused on harnessing growth opportunities across Saudi Arabia and the wider Middle East. The announcement took place at the Future Investment Initiative […]
In a strategic acquisition, Ayen, the Riyadh-based real estate inspection platform, has acquired the Cairo-based construction technology (contech) startup Elmawkaa in a seven-figure deal. This milestone positions Ayen to expand its portfolio of services, enhancing its market reach and solidifying its presence in the regional real estate and construction sectors. Ayen’s Founder and CEO, Ali […]
Riyadh, October 2024 – Beta Lab, a deep tech fund and innovation studio, has launched a groundbreaking USD 300 million fund at the Future Investment Initiative (FII) 2024. Designed to stimulate cross-border innovation, this fund aims to bridge the Middle East and Southeast Asia, empowering technology-driven startups to expand into high-growth markets and tackle global […]
Riyadh, Saudi Arabia — Saudi-based PropTech platform ARK has successfully raised $1 million in a pre-seed funding round led by Core Vision Investment. This fresh capital is set to bolster Ark’s capabilities in Saudi Arabia’s dynamic real estate market, positioning the platform to deliver innovative, Shariah-compliant investment solutions that meet growing demand. Founded in 2023 […]