Global VC backs first Saudi-born Shariah-compliant platform for institutional trade receivables finance. Riyadh, Saudi Arabia – RIFD, the first Saudi-born platform enabling institutional securitization of SME trade receivables, has secured a strategic investment from global early-stage venture capital firm Antler. This milestone accelerates RIFD’s mission to build the country’s first Shariah-compliant securitization infrastructure—reducing SME financing costs […]
Saudi e-commerce fulfillment platform Salasa announced Monday it has raised $30 million in a Series B funding round, bringing its total funding to $37.2 million. Salasa is evolving into an AI-driven logistics platform to enable predictive, intelligent, and automated operations. Expanding fulfillment centers, darkstores, and bonded zones to meet growing demand across Saudi Arabia and […]
Riyadh, Saudi Arabia – DEEP.SA, a Saudi Arabia based artificial intelligence company, has announced the successful closure of a SAR 4.5 million pre-seed investment round. The round saw participation from prominent investors Tam Development Company (TAM | تام) and Raed Ventures, marking a strong vote of confidence in the startup’s vision to localize and advance […]
Riyadh, Saudi Arabia – July 30, 2025 — Flex League, a fast-growing Saudi Arabia-based sports-tech platform focused on racquet sports, has raised a six-figure USD Seed funding round to accelerate its regional growth and product development. The round was led by The Professional Tennis Academy and PAD-L Group—strategic investors with extensive networks of padel and […]
Riyadh-based 12-week talent program to go live in November 2025. Partnership with LAUNCH, led by serial entrepreneur and investor Jason Calacanis Riyadh, Saudi Arabia – Sanabil Investments, a wholly owned company by the Public Investment Fund (PIF), is proud to announce the launch of Sanabil Founder University by LAUNCH, a new talent program based in Riyadh, […]
Riyadh-headquartered meal subscription startup Calo has raised $39 million in a Series B extension round led by AlJazira Capital, bringing its total Series B raise to $64 million, the company announced today. The extension follows the initial $25 million Series B tranche raised in December 2024, which was led by Nuwa Capital, and valued the company at […]
Riyadh-based AI startup Sawt has raised $1 million in a pre-seed funding round led by T2 and STV, the company announced today. It marks the first investment from STV’s newly launched AI fund, which is backed by Google. Founded earlier this year by Abdulmalik Al-Saeed, who was previously the Editor-in-Chief of leading Saudi podcasting platform […]
The signing of the MoU marks a key milestone in our joint mission to unlock fintech private credit opportunities in Saudi Arabia. Riyadh – Alkhabeer Capital has signed a strategic partnership agreement with Fasanara Capital, a $5 billion global asset manager specializing in technology-enabled credit solutions, according to a press release. The signing of the memorandum […]
Saudi Arabia-based conversational AI startup Wittify.ai has raised $1.5 million in a pre-seed round from a syndicate of prominent Saudi angel investors. Founded in 2025 by Nader El-Batrawi and Sarah AlHumoud, Wittify.ai enables businesses to deploy AI-powered voice, chat, and omnichannel assistants that support more than 25 Arabic dialects. Its no-code platform integrates with websites, social […]
Riyadh, Saudi Arabia – Sukna Capital has received official approval from the Saudi Capital Market Authority (CMA) to launch Sukna Fund for Direct Financing. SFDF is KSA’s first open-ended, sharia compliant direct lending fund—marking a regulatory milestone for non-bank financing in MENA. As a CMA-licensed alternative asset investment platform, Sukna is now authorized to offer institutional […]