Wamda

Saudi Arabia

Pinnacle launches VC fund to back Saudi growth companies, secondary deals

Saudi Arabia-based Pinnacle has launched a venture capital fund focused on growth-stage and secondary investments in the Kingdom. The...

Pinnacle Capital

Egypt

Khwarizmi Ventures partially exits Bosta, marking sixth portfolio exit

Saudi VC Khwarizmi Ventures has partially exited its investment in Egyptian logistics startup Bosta, realising a net multiple of nearly...

Bosta Khwarizmi Ventures

Saudi Arabia

Saudi game studio Majestic Mind Games raises $1.45 million

Saudi Arabia-based game development studio Majestic Mind Games has raised $1.45 million in a funding round co-led by Merak Capital and...

Majestic Mind Games Merak Capital Impact46

Saudi Arabia

Saudi contech Fitting raises $1.1 million seed to fuel expansion

Saudi Arabia-based construction technology platform Fitting has raised $1.1 million in its second Seed round, with participation from an...

Fitting contech

Saudi Arabia

Saudi investment platform OORI secures CMA licence for arranging and advising

Saudi Arabia-based private markets investment platform OORI has received a licence from the Capital Market Authority (CMA) to conduct...

OORI

Saudi Arabia

Saudi startup RIME raises over $2 million Seed round

Saudi AI startup RIME has raised more than $2 million in a Seed funding round led by SEEDRA Ventures, with participation from Athla...

RIME Seedra Ventures

Saudi Arabia

Saudi AI firm MOZN secures strategic investment from HUMAIN

Saudi Arabia-based enterprise AI startup MOZN has secured a strategic investment from HUMAIN, along with a partnership to develop...

Mozn Humain

Saudi Arabia

DESAISIV unveils AI Insurance Agent, seeks $8 million to expand enterprise platform

Saudi insurtech DESAISIV has launched its AI Insurance Agent, an AI-powered platform for managing and optimising corporate insurance,...

DESAISIV Insurtech

Saudi Arabia

Merak Capital, Impact46 back Ash Games with $1.5 million

Saudi Arabia-based game development studio Ash Games has raised a $1.5 million Seed round, co-led by Merak Capital and Impact46 through...

Merak Capital Impact46 Ash Games Studio

Saudi Arabia

Growth Catalyst Fund I secures first commitment from Jada Fund of Funds

Saudi Arabia's Jada Fund of Funds, owned by the Public Investment Fund (PIF), has made its first commitment to Growth Catalyst Fund...

Jada Fund of Funds Growth Catalyst Fund I

Saudi Arabia

SILQ raises $20 million to scale embedded finance for Saudi SMEs

Saudi B2B e-commerce and fintech platform SILQ has secured a $20 million Shariah-compliant structured financing facility from Gemcorp...

SILQ Gemcorp

Saudi Arabia

SVC invests in SEEDRA Ventures Fund II to back Saudi tech startups

Saudi Venture Capital (SVC) has invested in SEEDRA Ventures Fund II, a venture capital fund managed by SEEDRA Ventures, to support...

Seedra Ventures SVC

Saudi Arabia

FLOATY Studio secures $1 million from Merak Capital

Saudi Arabia-based FLOATY Studio has raised $1 million in a funding round led by Merak Capital through the Merak Gaming Fund. Founded...

FLOATY Merak Capital

Saudi Arabia

Think gears up for GCC expansion with $8 million pre-seed funding

Saudi Arabia-based AI infrastructure startup Think has raised more than $8 million in a pre-seed funding round, co-led by RAED Ventures...

Think Wa'ed Ventures Raed Ventures

Saudi Arabia

Uvera attracts Morgan Stanley, LAB7 and Core Vision in seed round

Saudi Arabia-based deeptech Uvera has closed a seed funding round with participation from Morgan Stanley Inclusive & Sustainable...

Uvera Morgan Stanley LAB7

Saudi Arabia

Noon Academy acquires Almakhfi to strengthen Saudi edtech offering

Saudi Arabia-based edtech Noon Academy has acquired Almakhfi, a digital platform specialising in Qudurat and Tahsili exam...

Almakhfi Noon Academy

Saudi Arabia

Revora raises $2 million to scale AI-driven conversational commerce across MENA

Saudi Arabia-headquartered e-commerce AI startup Revora, formerly known as MyAlice, has raised a $2 million seed round co-led by i2i...

Revora i2i Ventures Oraseya Capital

Saudi Arabia

Foodics completes full takeover of Greek data intelligence startup Norma AI

Saudi Arabia-headquartered F&B Saas platform Foodics has completed the full acquisition of Greece-based artificial intelligence...

Foodics Norma AI f&b

Saudi Arabia

Terraxy secures $3 million seed, backed by Wa'ed Ventures

Saudi Arabia-based deeptech Terraxy has raised $3 million in a Seed funding round led by Wa'ed Ventures, the venture capital...

Terraxy deeptech KAUST

Saudi Arabia

Pickappo secures $530,000 to expand on-demand delivery infrastructure

Saudi Arabia-based logistics technology platform Pickappo has raised $530,000 (SAR 2 million) in a pre-seed round backed by an...

Pickappo Logistics

Saudi Arabia

WakeCap acquires Frontline as it builds an end-to-end construction intelligence platform

Saudi construction technology company WakeCap has acquired Singapore-based Frontline, an AI-powered construction planning software...

WakeCap Frontline contech

Saudi Arabia

Saudi Venture Capital backs Khwarizmi Venture Capital Fund 2

Saudi Venture Capital has invested in Khwarizmi Venture Capital Fund 2. The fund will focus on Seed to Series A technology and...

Khwarizmi Venture Capital Fund 2 Khwarizmi Ventures

Saudi Arabia

Arib targets Saudi digital lending boom with $23.5M funding round

Saudi Arabia-based fintech Arib has raised $23.5 million in a funding round led by Merak Capital. The round included Sharia-compliant...

Arib Fintech Merak Capital

Saudi Arabia

TruKKer secures up to $300M securitisation facility from ADCB

MENA-based digital freight network TruKKer secured an inaugural trade receivables securitisation facility of up to $300 million arranged...

Trukker ADCB

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