The investment aligns with stc group’s strategy to expand its digital finance footprint and support high-growth platforms shaping capital access. Tali Ventures, stc group’s corporate venture capital arm, has led a strategic funding round in Tarmeez Capital, a Saudi fintech innovating in the fast-growing sukuk and debt instruments market. Tarmeez has facilitated over SAR 2 […]
Ruya Partners, a leading private credit investment firm in the GCC, is pleased to announce the closing of a $15 million (SAR 55 million) private credit investment in TruKKer Holding Limited, the largest digital freight and logistics platform across the Middle East, North Africa, and Central Asia. The transaction marks the sixth investment from Ruya […]
Saudi Arabia-based platform Flawless has raised $1.5 million in pre-seed funding, backed by unnamed angel investors focused on early-stage innovation. Founded by Shaimaa Alghamdi, the platform uses generative AI and social psychology to offer personalised career guidance. The company originated as a blog in 2023 and transformed into a full-fledged digital startup in 2024, targeting unmet demand […]
Saudi Arabia-based quick delivery company Ninja has officially achieved unicorn status after securing approximately USD 250 million in a funding round led by Riyad Capital, according to individuals familiar with the matter. The round values the three-year-old company at around USD 1.5 billion, making it one of the few tech unicorns in the Kingdom. Founded in 2022, Ninja offers ultra-fast delivery services […]
Riyadh, Saudi Arabia, 30 June 2025: Jadwa Investment, a leading investment management and advisory firm in the Middle East, today announced it has led a USD 50 million investment round in PetroApp, Saudi Arabia’s leading fuel management platform, through its flagship blind-pool vehicle, Jadwa GCC Diversified Private Equity Fund. Bunat Ventures, a regional venture capital […]
Riyadh, Saudi Arabia: In a milestone transaction poised to reshape the fintech-loyalty landscape in the Kingdom, Equivator, a premier alternative investment firm, has revealed a strategic investment of SAR 30 million in Related, a UAE-headquartered company, pioneer in loyalty and rewards solutions. The important step contributes to reinforcing Saudi Arabia as a regional and global basis […]
STV, MENA’s largest independent technology venture capital fund, has invested in Morni, a Saudi tech-enabled automotive services platform, from its newly launched $100 million NICE fund. The undisclosed backing reflects STV’s confidence in Morni’s vision as the company expands beyond its roots in roadside assistance to an integrated platform – now spanning roadside assistance, vehicle […]
Nine companies will present live at Demo Day on July 2, 2025, at Sanabil Hub in Riyadh. June 18th, 2025; Riyadh, Saudi Arabia – 500 Global, a multi-stage venture capital firm, and Sanabil Investments, a financial investment company wholly owned by the Public Investment Fund (PIF), announce the ninth batch of the Sanabil Accelerator by […]
Saudi-Egyptian startup Darwinz AI raised USD 325k in a seed funding round led by Flat6Labs KSA and Glint Ventures. The round marks the company’s first institutional funding round after having until now been bootstrapped by its co-founders, co-founder Mohy Aboualam. Darwinz AI? Founded in Egypt in 2021 by Emad Elazhary and Mohy Aboualam, Darwinz AI is a startup […]
Istanbul, June 2025 — VenueX, an Istanbul-based AI startup, has secured USD 1.2 million in a bridge funding round led by Singapore-based Orbit Startups. Other participants in the round include Re-Pie, Akkök Holding, and Akyasam. The funding will be used to fuel the company’s expansion across the Middle East and North Africa (MENA) region, with a particular […]