Saudi Arabia-based subscription management platform Techrar secured $1.6 million in funding, led by Aramco’s ..Read More

Saudi Arabia-based subscription management platform Techrar secured $1.6 million in funding, led by Aramco’s VC arm, Wa’ed Ventures. Founded in 2022 by Safwan Saigh, Fawzan Alkhlawi, and Rania Shaker, Techrar provides tools for managing subscriptions, memberships, and recurring billing. The capital was allocated to support team expansion, enhance product development, and drive customer acquisition across the region.
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• Fintech
• SaaS

Backed by a $25 million Series B round secured in December—led by Nuwa Capital and joined by STV, Khwarizmi ..Read More

Backed by a $25 million Series B round secured in December—led by Nuwa Capital and joined by STV, Khwarizmi Ventures, and regional investors—Calo acquired Detox Kitchen to deepen its UK footprint. The strategic acquisition aligned with Calo’s post-funding growth strategy, using capital to integrate mission-aligned brands and accelerate its international reach in the personalised meal subscription space.
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• Foodtech

Calo, a Saudi-headquartered foodtech company, expanded into the UK by acquiring Fresh Fitness Food. The move f ..Read More

Calo, a Saudi-headquartered foodtech company, expanded into the UK by acquiring Fresh Fitness Food. The move followed Calo’s $25 million Series B funding round in December, led by Nuwa Capital with participation from STV, Khwarizmi Ventures, and regional family offices. The acquisition marked a key milestone in deploying the raised capital to support international expansion and strengthen its position in the health-focused meal delivery market.
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• Foodtech

Saudi Arabia-based Miran and Egypt-based Welnes announced their merger, backed by leading investors including ..Read More

Saudi Arabia-based Miran and Egypt-based Welnes announced their merger, backed by leading investors including Flat6Labs, Samurai Incubate, UI Investments, and prominent angel investors—one of whom, a Doroob VC member, led the deal. The merger combined Miran’s AI-driven health platform with Welnes’ fitness community, reflecting strategic investor confidence and aligning with Saudi Arabia’s Vision 2030 goals of fostering a health-conscious society through innovation and local entrepreneurship.
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• Healthtech

Saudi Arabia-based iMENA Group raised $135 million in a pre-IPO investment round from Sanabil Investments, FJ ..Read More

Saudi Arabia-based iMENA Group raised $135 million in a pre-IPO investment round from Sanabil Investments, FJ Labs, Saygin Yalcin, and other Saudi investors. The capital raise included a mix of private placement and in-kind contributions. The funding was aimed at increasing iMENA’s ownership in its key businesses, driving vertical and geographic expansion, and enhancing synergies across its platforms.
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• Venture Capital

Saudi Arabia-based contech startup, TruBuild raised $1 million in a Seed funding round led by Wa’ed Ventures ..Read More

Saudi Arabia-based contech startup, TruBuild raised $1 million in a Seed funding round led by Wa’ed Ventures and Dar Ventures, with participation from Plug & Play Ventures, OQAL, Taz Investment, and other angel investors. The 2023-founded company leverages AI to tackle inefficiencies in construction. The investment was aimed at supporting product development, team expansion, and growth across Saudi Arabia and international markets.
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• Con-tech

Saudi Arabia-based digital signature platform, Sadq, closed a $1.5 million pre-Series A funding round, led by ..Read More

Saudi Arabia-based digital signature platform, Sadq, closed a $1.5 million pre-Series A funding round, led by X by Unifonic Fund, with participation from various investors and a strategic investment from Unifonic. The round aimed to strengthen Sadq’s compliance-focused digital signature services. The new capital positioned the company to expand its footprint within institutional sectors across the Kingdom.
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• Regulatory Tech

Saudi Arabia’s Sary and Bangladesh’s ShopUp merged to form SILQ Group, securing $110 million in funding, i ..Read More

Saudi Arabia’s Sary and Bangladesh’s ShopUp merged to form SILQ Group, securing $110 million in funding, including equity and a financing facility for SILQ Financial. The round was co-led by Sanabil Investments and Valar Ventures, with participation from Qatar Development Bank and other prominent investors. The investment aimed to support SILQ’s regional expansion and strengthen its offerings across the Gulf and Emerging Asia.
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• Retail