Riyadh, Saudi Arabia – Wa’ed Ventures, the $500 million venture capital arm of Aramco, has announced its leadership in a $5 million funding round for Ynmo, a Saudi-based company transforming educational and rehabilitative technology for children, including those with disabilities. The funding round also saw participation from Qatar Development Bank (QDB) and Nour Nouf Ventures, […]
Providing the company with the resources to scale its operations, enhance R&D, and advance AI infrastructure in Saudi Arabia. December 18, 2024 Saudi Arabia — OmniOps, the first Saudi Arabia-based AI Infrastructure Technology provider, announced today the successful closure of a SAR 30 million (approximately $8 million) funding round from GMS Capital Ventures. This strategic […]
InvoiceQ, a Jordan-headquartered company specialising in providing software as a service (SaaS) in the field of e-invoicing and integration solutions, has successfully raised a pre-series A-funding round of US$1.2 million. The round saw the participation of a number of Jordan-based investors, including Oasis 500, Orange VC, Flat6Labs, as well as Natej Soft and several angel […]
Riyadh, Saudi Arabia – December 16, 2024 Wa’ed Ventures, the investment arm of Aramco’s Wa’ed Program, has announced its leadership in a $5 million Series A funding round for EME, a Netherlands-based company specializing in sustainability and circular economy solutions. The funding will enable EME to localize its cutting-edge technologies in Saudi Arabia and expand […]
Riyadh, Saudi Arabia — EdfaPay, a leading fintech platform in Saudi Arabia, has successfully raised $5 million in a Pre-Series A funding round. The investment was led by OmanTel Innovation Labs, with participation from Aljabr MENA and Waad Investment. The funding will bolster EdfaPay’s presence in Saudi Arabia while driving its strategic expansion across the […]
Riyadh, Saudi Arabia – Bubbl, the fast-growing social networking platform, has secured $350,000 in a Pre-Seed funding round led by prominent angel investor Abdullah Al-Dosari. The app, founded by Aya Al-Hammoud and launched in March 2024, has quickly become a sensation, amassing over 60,000 daily active users within months of its debut. Rising Through the […]
Riyadh, Saudi Arabia – Saudi Venture Capital (SVC) has announced a $20 million investment in Booster Fund IV, a new venture capital fund managed by BECO Capital, an established early-stage venture firm in the Gulf region with $495 million in assets under management across four funds. Booster Fund IV, operated by BECO Capital, is designed […]
Riyadh, Saudi Arabia — Teradix, a leading provider of advanced eProcurement solutions across the MENA region, has been awarded a $140,000 grant from the prestigious TAQADAM Accelerator programme at King Abdullah University of Science and Technology (KAUST). This funding aims to support Teradix’s ambitious expansion into the Saudi market, enhancing its capabilities to streamline procurement […]
Riyadh, Saudi Arabia — Saudi-based PropTech platform ARK has successfully raised $1 million in a pre-seed funding round led by Core Vision Investment. This fresh capital is set to bolster Ark’s capabilities in Saudi Arabia’s dynamic real estate market, positioning the platform to deliver innovative, Shariah-compliant investment solutions that meet growing demand. Founded in 2023 […]
Riyadh, Saudi Arabia – Wa’ed Ventures, the $500 million venture capital arm of Aramco, has announced a $100 million commitment to early-stage artificial intelligence (AI) investments, reinforcing Saudi Arabia’s ambition to establish itself as a global leader in AI. This significant move aligns with the Kingdom’s broader vision to position AI as a key economic […]