Saudi Arabia-based proptech startup, Ajras, secured a $1.5 million pre-Series A funding round led by Veda Hold ..Read More

Saudi Arabia-based proptech startup, Ajras, secured a $1.5 million pre-Series A funding round led by Veda Holding. Previously, the startup raised SAR 105.05 million in a seed round in November 2023, led by Madarek International. The investment will support Ajras in expanding its financing solutions for rent payments in commercial and industrial sectors.
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• Proptech

Saudi Arabia-based cybersecurity firm, CQR, secured $3 million in funding, led by Shorooq. Founded in 2023 by ..Read More

Saudi Arabia-based cybersecurity firm, CQR, secured $3 million in funding, led by Shorooq. Founded in 2023 by Naser Aldossary, CQR specializes in AI-driven, product-based cybersecurity solutions. The investment strengthened CQR’s ability to scale and enhance its AI capabilities, supporting its growth in the cybersecurity sector.
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• Cybersecurity

German logistics company, DHL eCommerce, the e-commerce logistics arm of DHL Group, acquired Saudi Arabia-base ..Read More

German logistics company, DHL eCommerce, the e-commerce logistics arm of DHL Group, acquired Saudi Arabia-based parcel logistics firm, AJEX, for an undisclosed amount. The acquisition strengthened DHL’s presence in the region, integrating AJEX’s express distribution, e-commerce, and freight services across Saudi Arabia, the UAE, Bahrain, and beyond.
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• Logistics

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

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