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 […]
Riyadh, Saudi Arabia – Intelmatix, a prominent deep-tech AI company, has successfully closed a $20 million Series A funding round. The round was led by Shorooq Partners and attracted investments from notable public and private institutions, including Saudi Venture Capital Company (SVC), Saudi Technology Ventures (STV), Olayan Financing Company, Sultan Holdings, Zain Ventures, and Rua […]
OTO, the Saudi-based shipping gateway and logistics platform, has successfully raised 30 million riyals ($8 million) in a Series A funding round. The round was led by Sanabil Investments, a wholly-owned subsidiary of the Saudi Public Investment Fund (PIF). Joining Sanabil Investments in the funding round were several other prominent investors, including Riyadh-based venture capital […]
TechMal, a specialist in residential rental financing solutions, has raised SAR 3.75 million ($1 million) in a pre-seed investment round led by Al Majdiah Investment and other investors. Founded in 2024, TechMal is a microfinance company licensed by the Saudi Central Bank. The company aims to provide innovative financing solutions for the documented residential rental […]