Saudi Arabia-based aftersale services provider, Zension Technologies closed a $30 million Series A funding rou ..Read More

Saudi Arabia-based aftersale services provider, Zension Technologies closed a $30 million Series A funding round led by Saudi Aramco’s venture capital arm, Wa’ed Ventures, with participation from Japan’s Sumitomo Corporation and regional investor Global Ventures. Founded in 2018 by Khalid Saiduddin and Nikos Anastasiadis, Zension offers protection, extended warranty, and guaranteed buyback services for mobile devices and consumer electronics through major retailers, telcos, and OEMs in Saudi Arabia and the UAE. The funding supported the development of its new service, Zaam, set to launch in Q1 2025.
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• Information Technology

Saudi Arabia-based AR/VR experience provider, Vreal secured an undisclosed pre-seed investment round from the ..Read More

Saudi Arabia-based AR/VR experience provider, Vreal secured an undisclosed pre-seed investment round from the numu Angels Investment Community. Founded in 2022, Vreal enables e-commerce businesses to convert products into 3D models within 30 seconds using advanced scanning technology. The company aims to expand its technology's applications to interior design, real estate, tourism, and heritage within Saudi Arabia and beyond.
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• Ecommerce

Saudi Arabia-headquartered foodtech, Calo raised $25 million in its Series B funding round, led by Nuwa Capita ..Read More

Saudi Arabia-headquartered foodtech, Calo raised $25 million in its Series B funding round, led by Nuwa Capital with participation from STV, Khwarizmi Ventures, and regional family offices. Founded in Bahrain in 2019 by Ahmed Alraw and Moayed Almoayed, Calo provides personalised meal subscriptions for health-conscious customers. The company, which operates across Saudi Arabia, UAE, Bahrain, Qatar, and Kuwait, has raised a total of $26 million to date, with previous backing from Vision Ventures, 500 Startups, Savour Ventures, Nama Ventures, and other angel investors.
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• Foodtech

Saudi Arabia-based edtech, YNMO secured $5 million in investment, led by Wa’ed Ventures, with participation ..Read More

Saudi Arabia-based edtech, YNMO secured $5 million in investment, led by Wa’ed Ventures, with participation from Qatar Development Bank (QDB) and Nour Nouf Ventures. Previously, in 2021, Wa’ed had invested $500,000 in the company. Founded in 2017 by Fahad Al-Nemary, Abdullah Murad, and Faisal Al-Nemary, YNMO specialises in educational and rehabilitative technology, providing data-driven, tailored solutions to empower children of all abilities.
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• Edtech

Saudi Arabia-based AI infrastructure provider OmniOps secured $8 million in funding from GMS Capital Ventures. ..Read More

Saudi Arabia-based AI infrastructure provider OmniOps secured $8 million in funding from GMS Capital Ventures. Founded in 2024 by Mohammed Altassan, OmniOps delivers cloud and high-performance computing (HPC) solutions to support businesses with scalable infrastructure. The investment enabled OmniOps to scale operations, enhance R&D, and advance AI infrastructure in Saudi Arabia.
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• Information Technology

Saudi Arabia-based edtech AlGooru raised $4 million in a pre-Series A funding round through a combination of d ..Read More

Saudi Arabia-based edtech AlGooru raised $4 million in a pre-Series A funding round through a combination of debt and equity financing. The round was led by Constructor Capital, with participation from Hub71, angel investors, and family offices. The funds were allocated to expanding AlGooru’s operations in KSA, with a focus on offline tutoring, advancing its AI-driven technologies, and entering new verticals through strategic partnerships, which are set to be announced in 2025.
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• Edtech

Saudi Arabia-based services platform, Abikhdmh raised $800,000 in a seed round, backed by a group of undisclos ..Read More

Saudi Arabia-based services platform, Abikhdmh raised $800,000 in a seed round, backed by a group of undisclosed investors. The funding was intended to enhance the platform's ability to deliver innovative e-transaction services and expand into new areas to meet the growing needs of its users.
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• Service

Grintafy, a Saudi Arabia-based sportstech company, secured an undisclosed investment from Adaverse. Founded in ..Read More

Grintafy, a Saudi Arabia-based sportstech company, secured an undisclosed investment from Adaverse. Founded in 2019 by Majdi Allulu, Grintafy is a football talent discovery platform catering to prominent football groups in the Middle East and Europe. The funding will support Grintafy in accelerating its Web3 transformation. This investment followed prior backing from Chiliz in March 2024 and a $2.1 million bridge round in 2022, led by Aramco's venture capital arm, Wa'ed, along with other investors.
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• Sportstech