Saudi Arabia-based AI-powered language platform, STUCK?, closed a six-figure pre-seed funding round led by UK- ..Read More

Saudi Arabia-based AI-powered language platform, STUCK?, closed a six-figure pre-seed funding round led by UK-based Mena Tech Fund, with participation from KAUST Innovation Fund and Saudi angel investors. Founded in 2022 by Asmaa Naga, the platform offers on-demand English and Arabic language services supported by AI. The investment aimed to accelerate STUCK?’s development and growth in AI-driven language solutions.
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• AI

Saudi Arabia-based fintech, Arabian Pay, secured an undisclosed investment in its Pre-Seed round from Al Bassa ..Read More

Saudi Arabia-based fintech, Arabian Pay, secured an undisclosed investment in its Pre-Seed round from Al Bassami Holding Group. The funding will help enhance its market presence, accelerate platform development, and expand partnerships.
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• Fintech

Saudi Arabia-based fintech Nayla Finance secured $4 million in seed funding, led by Sanabil Venture Studio by ..Read More

Saudi Arabia-based fintech Nayla Finance secured $4 million in seed funding, led by Sanabil Venture Studio by Stryber. The investment will support product and business expansion, strengthen Nayla’s loan book, and provide capital to micro-businesses across Saudi Arabia.
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• Fintech

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 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

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