Riyadh, Saudi Arabia – Saudi Arabia-based artificial intelligence startup Newera.ai has raised $2.1 million (SAR 8 million) in a pre-seed funding round led by Embark, with participation from a group of angel investors. Founded in 2023 by Abdulrhman Alsuliman, Newera.ai specialises in enterprise-focused generative and agentic AI solutions, enabling organisations to transform complex business challenges […]
Dhahran, Saudi Arabia – Halide Energy, a Finnish startup focusing on the development of battery solutions to support renewable energy adoption, has secured the first close of an investment round led by BSV Ventures, with participation from LAB7, the venture building arm of Aramco. This partnership focuses on the development of innovative redox flow battery technology […]
Riyadh, Saudi Arabia – Saudi Arabia-based AI-powered startup QPioneers has raised its first funding round from Q Fund, the investment arm of Qewam Holding, for an undisclosed amount. Founded in 2024 by Hisham Al Mamlouk and Adel Alsaadi, QPioneers is developing an AI-native Startup Operating System (Startup OS) designed to help startups manage collaboration, operations, […]
Riyadh, Saudi Arabia – Qwacks, a Saudi gaming technology startup building next-generation tools for game developers, has raised SAR 1.8 million in pre-seed funding from Merak Capital, a Saudi-based investment firm licensed by the Capital Market Authority. The investment marks a significant milestone for one of the earliest companies in Saudi Arabia focused on developing core […]
Riyadh, Saudi Arabia – Nabt, the innovative Saudi agritech modernizing the fresh-produce ecosystem, today announced the closing of a USD 3.4 million Seed Extension round, bringing the company’s total funding to USD $5 million (SAR 18.8 million).The round was led by SHG Group, with continued backing from Merak Capital and a number of distinguished angel investors, […]
Nine companies will present live at Demo Day on December 17, 2025. RIYADH, Saudi Arabia — 500 Global, a multi-stage venture capital firm, and Sanabil Investments, a wholly owned company of the Public Investment Fund (PIF), announce the tenth batch of the Sanabil Accelerator by 500 Global. This new cohort aims to foster innovation and drive […]
Riyadh, Saudi Arabia — [December 2025] — COGNNA, the Saudi-based innovator in AI-led Security Operations (SecOps), announced during Black Hat MEA 2025 the closing of its Series A funding round, raising $9.2 million led by Impact46, with participation from BNVT Capital, Vision Ventures, and tali ventures. This round represents a pivotal milestone in COGNNA’s mission to empower organizations to thrive by safeguarding them […]
FuturePlay announced on December 1 that it has signed a landmark memorandum of understanding (MOU) with the Ministry of Investment of Saudi Arabia (MISA), marking the first agreement of its kind between a Korean venture capital (VC) firm and the Saudi ministry. The strategic partnership aims to accelerate the entry of Korean startups into the […]
Riyadh, Saudi Arabia, November 27th, 2025 – erad (www.erad.co), the Riyadh-headquartered alternative financing platform for SMEs, has partnered with Jefferies (with co-investment from Channel Capital) to secure $125 million in a credit deal, to accelerate embedded finance solutions across the GCC. Once the transaction is finalised, it will mark Jefferies’ first GCC asset-backed financing transaction, and […]
Mnzil, the Saudi proptech for labour housing solutions, has raised over $11.7 million (SAR 44 million) in a Series A round led by Founders Fund, marking the US fund’s first-ever investment in Saudi Arabia, with participation from COTU Ventures. Founded in 2024 by Abdulmajeed Al-Babtain and Abdulrahman Al-Shaya, Mnzil has rapidly expanded its footprint across more […]