Saudi Arabia-based fintech, Tabby, secured $160 million in a Series E financing round at a $3.3 billion valuat ..Read More

Saudi Arabia-based fintech, Tabby, secured $160 million in a Series E financing round at a $3.3 billion valuation. The round was led by Blue Pool Capital and Hassana Investment Company, with participation from STV and Wellington Management. This investment will accelerate Tabby’s expansion in financial services and support its planned IPO. Previously, in October 2023, Tabby closed its Series D round at $200 million.
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• Fintech

Saudi Arabia-based contech, Buildnow, secured a $9.7 million funding round, led by STV and Arbah Capital, with ..Read More

Saudi Arabia-based contech, Buildnow, secured a $9.7 million funding round, led by STV and Arbah Capital, with additional funding from debt financing to support its expansion. In March, the company raised $9.4 million in seed funding, comprising $6.5 million in equity and $2.9 million in debt. The investments reinforce Buildnow’s efforts to enhance SME access to construction materials through its build-now-pay-later platform.
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• Contech

Saudi Arabia-based fintech, RasMal, secured $4.8 million in a pre-Series A investment round led by Syndicate E ..Read More

Saudi Arabia-based fintech, RasMal, secured $4.8 million in a pre-Series A investment round led by Syndicate Element Holding Group (SHG). The funding will support the company in introducing new tools and services to streamline fundraising processes and equity transfers. Founded in 2019, RasMal provides digital solutions for cap table management, fundraising, and investor relations
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• Fintech

Saudi Arabia-based logistics startup, PIESHIP, secured $2.1 million in a seed funding round led by Nama Ventur ..Read More

Saudi Arabia-based logistics startup, PIESHIP, secured $2.1 million in a seed funding round led by Nama Ventures, with participation from SEEDRA Ventures and angel investors. A year earlier, the company raised an undisclosed pre-seed investment from the same investors. The latest funding will support PIESHIP’s expansion in the Saudi market, strengthening its warehouse management and logistics technology solutions.
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• Logistics

Bahrain-born edtech startup, Unipal, closed its Pre-Series A investment round for an undisclosed amount. The r ..Read More

Bahrain-born edtech startup, Unipal, closed its Pre-Series A investment round for an undisclosed amount. The round was led by Plus VC, with participation from Al Jazira Capital, RZM Investments, Falak Angels, Doha Tech Angels, and other angel investors. This funding will support Unipal’s expansion into Jeddah, Madinah, Dammam, and Khobar, as well as the launch of its upgraded app with enhanced algorithms.
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• Edtech

UK-founded, UAE-based insurtech startup, AppliedAI, secured $55 million in a Series A funding round at a pre-i ..Read More

UK-founded, UAE-based insurtech startup, AppliedAI, secured $55 million in a Series A funding round at a pre-investment valuation of $300 million. The round was led by G42, with participation from Palantir, Bessemer Venture Partners, McKinsey, and Accrete Capital. This investment will support AI tool development and team expansion in the U.S. and Europe. Previously, AppliedAI raised $42 million in 2022 from G42 and the Al Maktoum family.
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• Insurance Tech

Egypt-born, Saudi Arabia-based social e-commerce platform, Taager, secured $6.75 million in a pre-Series B fun ..Read More

Egypt-born, Saudi Arabia-based social e-commerce platform, Taager, secured $6.75 million in a pre-Series B funding round led by Norrsken22. The investment will support its expansion in the Middle East. Previously, in 2021, Taager raised $6.4 million in a seed round led by 4DX Ventures, with participation from Raed Ventures and other investors.
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• Ecommerce

Saudi Arabia-based e-services platform, LAHINT, secured $1 million in a pre-seed funding round from undisclose ..Read More

Saudi Arabia-based e-services platform, LAHINT, secured $1 million in a pre-seed funding round from undisclosed investors. The investment will support the expansion of its governmental services and the introduction of AI-powered eligibility consultations. Previously, in 2023, LAHINT raised $267,000 in an initial pre-seed round.
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• e-Services