Jeddah, Saudi Arabia – Shift, a Saudi-based company specializing in smart transportation and logistics services, has successfully raised $82.8 million (SAR 310.8 million) in a seed funding round led by Merak Capital. This significant investment aims to accelerate Shift’s growth and further its innovative solutions, positioning the company as a key player in the Kingdom’s […]
Riyadh, Saudi Arabia – September 2024 – Darent Platform, a leading vacation rental platform in Saudi Arabia, has successfully closed a significant seed funding round led by Al Tawuniya Insurance, with participation from the Morgan Stanley Inclusive Ventures Lab and BIM Ventures. This milestone investment further cements Darent’s position as a key player in the […]
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 […]
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 […]
Jeel, a leading company in educational and edutainment digital content for children, adolescents, parents, and educators, has announced the successful securing of a seven-figure USD funding round. The investment comes from RZM Investment and a group of prominent angel investors, marking a significant milestone in Jeel’s journey to enhance its leadership in the digital content […]
Riyadh, Saudi Arabia – Sweply is thrilled to announce the successful closure of its Seed funding round, securing $2 million. The round was led by Sanabil 500 Accelerator, 500 Global, and Salla E-Commerce Platform, with additional participation from several other investors. This significant funding milestone highlights the strong confidence and support from our investors, who […]
Simplified Financial Solutions Company (SiFi) announced the closing of its $10M seed round. The round was led by Sanabil Investments, a wholly owned company by the Public Investment Fund (PIF), and RAED Ventures, with participation from prominent investors such as anb seed, Rua Ventures, Byld and KBW Ventures. The funding round also includes investors from […]