Riyadh, Saudi Arabia —Oct 7, 2025 — Engagesoft, the KSA-based, AI-powered platform for employee engagement and organizational effectiveness, has raised a $3.5 million Pre-Series A round led by Silicon Badia. The investment will accelerate Engagesoft’s AI-driven roadmap, advancing its mission to deliver an integrated view of organizational health across engagement, culture, leadership effectiveness, and performance. […]
Audi Capital launches the first CMA-regulated art investment fund investing in Saudi Arabia and the MENA Region
Riyadh, Saudi Arabia – Audi Capital, a regional asset and wealth management firm operating in Saudi Arabia since 2006, announces today, at the inaugural Cultural Investment Conference in Riyadh, the launch of the CMA-regulated Audi Capital MENA Art Fund (the “Fund”), the first regulated art fund in Saudi Arabia and the broader MENA region. Any subscription […]
Merak Capital unveils Saudi Arabia’s first fashion sector private equity fund worth SAR 300mln
Riyadh, Saudi Arabia – Under the patronage of His Highness Prince Badr bin Abdullah bin Farhan Al Saud, Minister of Culture and Chairman of the Cultural Development Fund, and within the framework of the Cultural Investment Conference organized by the Ministry of Culture at the King Fahd Cultural Center in Riyadh — held under the patronage […]
Saudi Digital Signature Startup Sadq Raises $1M Pre-Series A Extension from Impact46
Riyadh, Saudi Arabia – Sadq, a Saudi-based digital signature and document authentication platform, has secured a $1 million pre-Series A extension round, led by venture capital firm Impact46. The funding follows the company’s earlier $1.5 million pre-Series A round in April 2024, which was led by X by Unifonic Fund. Founded in 2022 by Abdullah […]
Sukna Capital and Partners for Growth (PFG) launch $50mln lending partnership to power ME’s tech and SME growth
Riyadh, Saudi Arabia – Sukna Capital, a Riyadh-based alternative investment platform licensed by the Capital Market Authority (CMA), and Partners for Growth (PFG), a global credit manager providing tailored, asset-backed lending solutions to high-growth technology companies, have signed a strategic partnership to deploy up to USD 50 million of specialty loans for high-potential technology companies and […]
Ajyad Capital Partners with EXANTE to Broaden Investor Access to Global Markets
Bahrain, Manama – [28-09-2025]: Ajyad Capital, a leading investment management firm licensed by the Central Bank of Bahrain (CBB), has announced a new strategic partnership with prime global brokerage EXANTE which extends Ajyad’s global reach, providing investors with exposure to a wide range of financial instruments in international markets, through its upcoming digital investment platform. […]
DOO raises $1.7mln round led by Merak Capital to redefine customer experience in the GCC
DOO combines advanced natural language processing with regional linguistic expertise to deliver seamless AI-driven support tailored to Arabic dialects and cultural nuances. Riyadh, Saudi Arabia – DOO, the AI-powered customer experience platform transforming how enterprises engage with their customers, announced the close of its $1.7M funding round led by Merak Capital, with participation from Plus VC […]
FlyNow Arabia Secures Strategic Investments to Launch Electric Air Mobility in Saudi Arabia
Riyadh, Saudi Arabia — FlyNow Arabia Ltd. has secured strategic investments from Den VC, as well as from the Al-Mohaidab, Reslan, and Mehchi family offices from Saudi Arabia and across the MENA region. These investments will enable FlyNow Arabia to fast-track the localization of its electric air mobility operations in the Kingdom. Over the coming year, […]
Saudi Fintech Bwatech Raises $16 Million to Accelerate Growth and Market Expansion
RIYADH – Saudi Arabia-based fintech company Bwatech has secured $16 million (SAR 60 million) in a funding round led by Sharaka Financial, aimed at accelerating growth and expanding its presence in the Kingdom’s financial market. Founded in 2020 by Rasha Al-Oraini and Hashem Al Hekail, Bwatech provides an integrated fintech platform offering digital bank guarantees, […]
Merak Capital invests $1.2mln in Bynow to advance B2B payment solutions in Saudi Arabia
Bynow has raised $1.2 million from Merak Capital to accelerate product development, expand its suite of B2B payment offerings, and strengthen its presence in Saudi Arabia and the wider MENA region. Bynow is a Saudi-based fintech pioneering B2B Buy Now, Pay Later (BNPL) solutions to give businesses the flexibility to manage payments and unlock smoother […]