Wamda

Saudi Arabia

Jada Fund of Funds invests in SEEDRA Ventures' second fund

Press release: Jada Fund of Funds is pleased to announce its commitment to SEEDRA Ventures Fund II, a newly launched venture capital...

Seedra Ventures Jada Fund of Funds SEEDRA Ventures Fund II

Saudi Arabia

EdfaPay closes $5 million pre-Series A to fuel MENAP expansion

Saudi Arabia-based fintech EdfaPay has secured a $5 million pre-Series A funding round led by OmanTel Innovation Labs, with...

EdfaPay Omantel Innovation Labs Fintech

Qatar

Qatar Development Bank announces key investments in Nybl, Wahed

Qatar Development Bank (QDB) has signed a strategic investment agreement with Saudi Arabia-based AI startup Nybl and the USA-HQ...

nybl Wahed QDB

Saudi Arabia

Saudi social network platform Bubbl raises $350,000 pre-Seed

Saudi Arabia-based social networking platform Bubbl has raised a $350,000 pre-Seed funding round led by angel investor Abdullah...

Bubbl social network

Saudi Arabia

EFG Hermes launches $300 million Saudi Education Fund, acquires Britus Education

Egypt’s EFG Hermes’s private equity arm has launched a $ 300 million Saudi Education Fund (SEF). The fund aims to build an...

EFG Hermes Saudi Education Fund SEF

Saudi Arabia

Tawaref series: Saudization, labour compliance simplified

In Saudi Arabia, businesses are required to comply with specific government regulations. A thorough understanding of these regulations is...

Tawaref

Saudi Arabia

Lean closes Series B at $67.5 million, bringing total funding to $100 million

Saudi Arabia-based fintech Lean Technologies has secured $67.5 million in Series B funding round, led by General Catalyst, with...

Lean Technologies General Catalyst Fintech

Saudi Arabia

Mush Social secures $1.2 million pre-Seed

Saudi Arabia-based Mush Social has secured $1.2 million in a pre-Seed round led by Nifal Consulting, with support from Nahr Al-Jazeera...

Mush Social Social App

Saudi Arabia

Tawaref series: Saudi tax system explained

A deep understanding of the tax system is one of the most critical factors for business success in any country, and Saudi Arabia is no...

Tawaref

Saudi Arabia

Ayen acquires Elmawkaa in a seven-figure deal

Saudi Arabia-based proptech Ayen has acquired the Egyptian contech Elmawkaa in a SAR seven-figure transaction that will see Ayen...

Ayen Elmawkaa Proptech

Saudi Arabia

BIM Ventures unite with SBI Holding to launch $200 million fund “BIM Capital”

Saudi Arabia-based venture studio firm BIM Ventures and Japan’s SBI Holding have launched BIM Capital, a joint venture designed to...

BIM Ventures SBI Holding BIM Capital

Saudi Arabia

$300 million Beta Lab Fund launches to back Saudi, Asian deeptech startups

Saudi fund and studio specialising in deeptech Beta Lab has kicked off with a capital of $300 million on the first day of the Future...

Beta Lab

Saudi Arabia

Saudi proptech ARK closes $1 million pre-Seed round

Saudi Arabia-based proptech ARKTECH has closed a $1 million pre-Seed investment round, led by Core Vision Investment. founded in 2023...

ARK Core Vision Proptech

Saudi Arabia

Saudi Arabia’s Nabt raises $1.5 million Seed led by Merak Capital

Saudi Arabia-based foodtech Nabt has closed a $1.5 million Seed investment round, led by Merak Capital with the participation of other...

Nabt agritech foodtech

Saudi Arabia

Wa’ed Ventures earmarks $100 million to invest in Saudi AI sector

Aramco’s $500 million VC fund, Wa’ed Ventures, has allocated $100 million for early-stage AI investments to support...

Wa'ed Ventures Aramco AI

Saudi Arabia

TGE raises $450,000 investment from Adaverse

Saudi Arabia-based Web3 provider Tharawat Green Exchange (TGR) has raised $450,000 in investment from Adaverse, a Saudi Web3 and...

TGE Tharawat Green Exchange Adaverse

U.A.E

invygo pursues profitability after raising $8 million Series A extension

Saudi Arabia-headquartered mobility startup invygo has raised an $8 million Series A extension provided by STV’s newly launched...

Invygo STV mobility

Saudi Arabia

HALA Payments joins Saudi Unicorns Programme

Saudi Arabia-based fintech HALA Payments has been selected to join the Saudi Unicorns Programme. Through the Saudi Unicorns...

HALA Payments Fintech Saudi Unicorns Programme

Saudi Arabia

Saudi B2B fintech Mala secures $7 million pre-Seed

Saudi Arabia-based fintech Mala has closed a $7 million pre-Seed funding round, led by VentureSouq and Shorooq Partners, as well as M...

Mala Fintech Venture Souq

Saudi Arabia

Tawaref series: A step-by-step guide to Saudi Iqama process

Throughout this article series, we have discussed several key processes a foreign investor who dreams of opening a business in Saudi Arabia...

Tawaref

Saudi Arabia

JARAS Hospitality secures $666,000 pre-Seed

Saudi Arabia-based JARAS Hospitality has closed a $666,000 pre-Seed, led by undisclosed angel investors. Founded in 2023 by Ahmed Al...

JARAS Hospitality hospitality

Saudi Arabia

SVC pledges $15 million to Vision Ventures' Saqr Fund II

Saudi Venture Capital (SVC) has invested $15 million in Vision Ventures' Saqr Fund II venture capital fund. Saqr Fund II, with a...

Vision ventures SVC Saqr Fund II

Saudi Arabia

Jetapult pumps $4.5 million in Saudi game studio UMX

Saudi Arabia-based game studio UMX has raised $4.5 million from Jetapult, an investment company backed by Accel Partners. As part of...

UMX Studio Jetapult Gaming

Saudi Arabia

Tawaref acquires Amaana.ai to bolster MENA tech community

Saudi Arabia-based investment community Tawaref has acquired Amaana.ai, a Saudi company facilitating business entry into Saudi Arabia,...

Tawaref Amaana.ai

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