In a landmark move for the MENA gaming industry, Jetapult, a global strategic investment company backed by Accel, has acquired a significant stake in UMX Studio, one of Saudi Arabia’s leading homegrown game development companies through an all-cash transaction of $4.5 million (about Rs 37.8 crore). The multi-million-dollar all-cash transaction marks Jetapult’s first investment in […]
Riyadh, Saudi Arabia – AILA, a cutting-edge Saudi education technology company, has successfully closed a $1.15 million pre-seed investment round led by Sabah Hub, with additional backing from White Hill Capital and three prominent Saudi angel investors. Founded in 2023 by Yousef Al Sayed, Abdulaziz Bin Muqil, and Nouf Bin Muqil, AILA is on a […]
Riyadh, Saudi Arabia – Yamm, a pioneering startup specializing in automated return and refund solutions, has successfully closed its Pre-Seed funding round with undisclosed amount. The round was led by Flat6Labs with participation from Judah Ventures and a consortium of strategic angel investors. Founded by Sultan Al-Subhi, Mohammed Al-Shalati, and Hamadah Al-Khaldi, Yamm offers an […]
Riyadh, Saudi Arabia – October 9, 2024: Ejari, a pioneering fintech platform in Saudi Arabia’s real estate sector, has announced the successful closing of a $14.65 million (SAR 55 million) seed financing round. The round was led by Partners for Growth (PFG) and BECO Capital, with notable participation from anb seed, Alinma Pay (the investment […]
Saudi Arabia’s leading adtech platform, Quantum, continues its growth trajectory with new funding, bolstered by global and regional investors. Riyadh, Saudi Arabia, – Quantum, the Kingdom’s premier adtech and data platform connecting advertisers with publishers, has announced the successful closure of its $7 million Pre-Series-A funding round. The round includes a landmark investment from HearstLab, […]
Riyadh, Saudi Arabia – Al Menu, a leading company specializing in restaurant operations management, has announced the successful closing of a SAR 38 million funding round. The round was led by Al Majdiah Investment, alongside other key investors, and is set to fuel Al Menu’s ambitious expansion plans within the Kingdom’s rapidly growing hospitality sector. […]
Riyadh, Saudi Arabia – In a landmark development, UmrahCash, a fintech startup based in Riyadh, has secured a $500,000 investment from Adaverse Venture Fund, marking a significant step toward modernizing the Umrah pilgrimage experience. This innovative solution aims to address financial challenges faced by pilgrims, particularly from developing nations, by providing seamless access to Saudi […]
Riyadh, Saudi Arabia — September 2024 — The Lending Hub, a rising fintech startup in Saudi Arabia, has successfully closed a $3.2 million (SAR 12 million) funding round, signaling strong investor confidence in its innovative peer-to-peer crowdfunding model. The investment was led by Embark Saudi, a prominent business development initiative, with participation from several key […]
Saudi Arabia, September 2024 – Saudi-based automation and system integration startup, Reachware, has successfully raised $3 million in a seed funding round. The round was led by Sadu Capital, with participation from 500 Sanabil Investments and Elm Company, the company announced in a statement on Thursday. Fueling Expansion and Innovation The new funding will be […]
Riyadh, Saudi Arabia – : Malaa, a wealth management company authorized by the Saudi Central Bank and operating within its regulatory sandbox, has successfully closed its Series A funding round, raising SAR 65 million (USD 17.3 million). The funding round was led by SNB Capital, the largest asset manager in the Kingdom, with participation from […]