Saudi Arabia-based traveltech startup FlyAkeed has raised $15.2 million (SAR 57 million) in a Series A round led by PIF’s Sanabil Investments and Elm Company, with participation from Artal Capital and Al Rajhi Partners, according to venture data platform Jawlah.

Founded in 2017 by Bassam AlMohammadi, FlyAkeed offers a flight-booking platform, catering to both consumers and businesses. Through the platform, travel managers can have full visibility into the ticketing process through real-time insights, ensuring policy compliance and greater control of employees’ travel spend. 

With the latest funding, FlyAkeed will be able to expand its digital offerings in its home market while integrating fintech technologies to enhance the traveller experience and help businesses better manage corporate travel.