Riyadh, Saudi Arabia — Adaverse, a leading Web3 and blockchain fund based in Saudi Arabia, has announced a strategic investment in Tharawat Green Exchange (TGE), an innovative startup dedicated to supporting environmental sustainability through Web3 technology. This investment aligns with Saudi Vision 2030, a national initiative focused on environmental sustainability and economic diversification. Addressing Climate […]
Riyadh, Saudi Arabia – Nabt, a Saudi agritech startup transforming the Kingdom’s fresh produce supply chain, has successfully closed a SAR 5.63 million (USD 1.5 million) seed investment round in Q3 2024. The round was led by Merak Capital, a prominent technology-focused investment firm, with the backing of key angel investors. The funding will fuel […]
Morocco, October 2024 – Moroccan cross-border logistics startup Colis.ma has successfully raised $300,000 in funding from the Witamax Fund, aiming to strengthen its footprint across Morocco, Europe, and Africa. The newly acquired funds will support Colis.ma’s goal to establish operations in five key regions within Morocco and six major European markets, as well as to fuel expansion into the […]
Riyadh, Saudi Arabia — JARAS Hospitality, a rising leader in innovative hospitality management solutions, has successfully closed its pre-seed funding round, raising SAR 2.5 million. This significant investment marks a pivotal step in supporting the company’s ambitious expansion plans and commitment to enhancing operational efficiency in the hospitality sector. Founded in 2023, JARAS offers a […]
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. […]