Riyadh, KSA — Syarah, a leading e-commerce platform in Saudi Arabia’s automotive sales sector, has successfully closed a Series C funding round, securing SAR 225 million (USD 60 million). The funding was led by Artal Financial through its Artal Growth Opportunities Fund, with additional backing from prominent investors including Elm Company, Impact46, Tawuniya Insurance, Derayah […]
Riyadh, Saudi Arabia – : Thakaa Med, a pioneering AI-driven healthcare innovator and a proud member of the Falak Angels Alumni, has successfully secured its first seed round investment through a syndicate led by Falak Angels. This strategic capital infusion will be instrumental in accelerating the enhancement of Thakaa Med’s advanced AI models and supporting […]
Riyadh, Saudi Arabia – Resal, a leading Saudi company specializing in digital cards, rewards solutions, and loyalty programs, has successfully closed a $9 million investment round. This round saw participation from prominent investors, including Derayah Ventures Fund, Al-Wafrah AlThanya Investment Company, Venture Souq FinTech Fund, ADDiriyah Asset Management, Nomad Holdings, Bugshan Investment Group, and a […]
Riyadh, Saudi Arabia – August 19, 2024 – Asas Specialised Information Technology, the parent company behind the innovative Resquad AI platform, today announced the successful closure of a SAR 1.2 million pre-seed funding round. The investment, secured from prominent angel investors, is set to accelerate the company’s growth and further enhance its pioneering solutions, which […]
Riyadh, Saudi Arabia – Yalla Plus, a Riyadh-based tech company, has successfully closed a $2.7 million seed funding round, positioning itself as a rising star in the global restaurant and café technology space. The funding round was led by Merak Capital, with significant contributions from Khwarizmi Ventures, the American firm Isometry, and a group of […]
Riyadh, Saudi Arabia — Adaverse, a prominent Web3 venture builder, has committed a $500,000 pre-seed investment in Mithu, an emerging loyalty platform aggregator designed specifically for restaurants and cafes in Saudi Arabia. This strategic investment is poised to transform the loyalty program landscape in the Kingdom by addressing a significant pain point for both customers […]
Riyadh – Athir, a pioneering health tech company in Saudi Arabia, has successfully closed its first investment funding round, marking a significant milestone in its mission to revolutionize the healthcare sector. The round saw participation from prominent investors, including Wa’ed Ventures, SHARE Investment Co., and RZM Investment. Founded in 2017 by Jawad Chaudhry, Ahmad AlJehani, […]
August 8, 2024 – Riyadh, Saudi Arabia: Saudi-based social networking platform “Link” has successfully closed its seed funding round, raising $1.6 million. The funding round was led by Core Vision, alongside prominent Saudi investor Badr Al-Arjani. Founded in 2020 by Abdullah Al-Othman, Link has quickly made its mark in the digital space, offering an array […]
Riyadh, August 8, 2024 – Twlm Information Technology, a rising star in the tech industry, has successfully secured a SAR 1 million investment in a funding round led by B Group, a prominent Saudi-based investment firm. The round also saw participation from a group of angel investors who have expressed strong confidence in Twlm’s innovative […]
Riyadh, Saudi Arabia – August 7, 2024 – Blend, a Saudi Arabian startup founded in 2023, has successfully raised SAR 5 million in a Pre-Seed investment round. This funding, backed by a group of angel investors, is set to propel the development of innovative tech solutions tailored for the restaurant, cafe, hypermarket, and cloud kitchen […]