Wamda

Saudi Arabia

Penny Software raises undisclosed pre-Series A round

Saudi Arabia-based SaaS provider Penny Software has raised a pre-Series A funding round for an undisclosed value, from Iliad Partners,...

Penny Software Iliad Partners

Saudi Arabia

Tawaref series: Categorising Saudi setup partners by soft costs

In Saudi Arabia, we often see foreign companies spend two to three months just shopping for service providers who can lead their...

Tawaref

Saudi Arabia

Tawaref Series: The truth behind Saudi landing hard costs

It is no secret that expansion to Saudi Arabia has become notorious for being extremely costly, with complaints of corporate service...

Tawaref

Lebanon

MBC Group acquires 14% stake in Anghami

Saudi Arabian media conglomerate MBC Group, through its MBC Ventures arm, has purchased 4,074,533 ordinary shares in music streaming...

anghami MBC

Saudi Arabia

Thmanyah launches Thmanyah Hosting to connect publishers with advertisers

Thmanyah, the media tech company and leading Arabic podcast network in the Middle East and North Africa, has launched the ‘Thmanyah...

Thmanyah

Saudi Arabia

Saudi foodtech Barakah raises investment from FoodLabs

Saudi Arabia-based foodtech startup Barakah has raised an undisclosed funding round from German-based VC FoodLabs, marking its first...

Barakah FoodLabs foodtech

Saudi Arabia

SVC invests $30 million in Olive Rock Partners Fund I

Saudi Venture Capital Company (SVC) has pledged $30 million to the first fund of UAE-based private equity firm Olive Rock Partners, as...

SVC Olive Rock Partners

Saudi Arabia

Classera acquires Expert Solutions to expand educational offerings

US-based and Mena-focused edtech Classera has acquired Saudi Arabia-based ERP system “Expert Solutions” for information...

Classera Expert Solutions

Oman

Saudi Arabia’s T2 acquires Omani data analysis startup Promize

Saudi Arabia-based business development company T2 has acquired Omani customer data analysis company Promize for an unknown...

T2 Promize

Saudi Arabia

Zetta Technologies closes $1.5 million pre-Seed

Saudi Arabia-based device as a service (DaaS) provider Zetta Technologies has closed a $1.5 million pre-Seed round led by Core...

Zetta Technologies DaaS Core Vision

Saudi Arabia

Gulf Capital partners with RDIA to deploy $100 million in Saudi tech sector

UAE-based investment firm Gulf Capital has partnered with the Saudi Research Development and Innovation Authority (RDIA) to deploy over...

Gulf Capital RDIA

Saudi Arabia

Grintafy secures funding from Chiliz to speed up Web3 transition

Saudi Arabia-based sportstech Grintafy has raised an undisclosed investment amount from Chiliz. Founded in 2019 by Majdi Allulu,...

Grintafy Sportstech Chiliz

Saudi Arabia

Kitchenara secures $380,000 funding to boost operational growth

Saudi Arabia-based foodtech Kitchenara has raised $380,000 in investment from unnamed regional angel investors. Founded in 2023 by...

Kitchenara foodtech

Saudi Arabia

Rakeez Capital closes $2 million Seed round led by Core Vision

Saudi Arabia-based B2B fintech Rakeez Capital has closed a Seed investment round of $2 million, led by Core Vision...

Rakeez Capital Core Vision

Saudi Arabia

Tawaref Series: A blueprint for foreign investment success in Saudi Arabia

Although Saudi Arabia has gained considerable momentum as one of the hottest hubs for entrepreneurship, actually securing the first riyal...

Tawaref

Saudi Arabia

Mazadak secures $10 million investment led by Revival Lab

Saudi Arabia-based bidding platform Mazadak has secured $10 million in funding, led by Revival Lab and a group of family...

Mazadak Revival Lab Leap24

Saudi Arabia

Saudi Arabia’s RasMal acquires Pentugram

Saudi Arabia-based equity management platform RasMal has acquired UAE’s Pentugram to expand its offering into private capital...

RasMal Pentugram

Saudi Arabia

Bahrain’s Arcapita launches $500 million logistics fund in Saudi Arabia

Bahrain-based investment management firm Arcapita Capital, a subsidiary of Arcapita Group, has closed $500 million KSA Logistics Fund...

Arcapita Capital Logistics Leap24

Saudi Arabia

Rabeh raises $800,000 Seed round

Saudi Arabia-based fintech Rabeh Financial has closed a $800,000 Seed investment round during LEAP 2024, in collaboration with Mjalis...

Rabeh Fintech Leap24

Saudi Arabia

Saudi Arabia deploys $120 million to boost gaming, esports industry

Saudi Arabia’s National Development Fund (NDF) and the Social Development Bank (SDB) will jointly establish two venture capital...

National Development Fund Social Development Bank Gaming and Esports Financing Programme

Saudi Arabia

BRKZ secures $8 million Series A round

Saudi Arabia-based construction tech (contech) BRKZ has secured an $8 million Series A, co-led by 9900 and BECO Capital, with...

BRKZ Leap24 contech

Saudi Arabia

Buildnow secures $9.4 million in Seed funding

Saudi Arabia-based proptech Buildnow has raised $9.4 million in Seed funding. The round was a mix of equity ($6.5 million) and debt...

Buildnow Raed Ventures Khwarizmi Ventures

Saudi Arabia

Saudi Arabia’s Salla raises $130 million pre-IPO investment

Saudi Arabia-based SaaS provider Salla has raised a $130 million pre-IPO investment round, led by Investcorp, along with Sanabil...

Salla Investcorp Sanabil Investments

Saudi Arabia

Extend Group, Rassanah Financial launch $26.6 million fund to support Saudi SMEs

Saudi Arabia-based companies Extend Group and Rassanah Financial have united to launch a $26.6 million Extend Fund (SAR100 million) to...

Extend Group Extend Fund Rassanah Financial

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