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, 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 edtech, ULA.me, raised $28 million in a Series B funding round led by Growth Visions Fund, ..Read More

Saudi Arabia-based edtech, ULA.me, raised $28 million in a Series B funding round led by Growth Visions Fund, with participation from Jordan Capital & Investment Fund and Foursan Group. Founded in 2022 by Alaa Jarrar, ULA leverages AI, VR, and AR for personalized learning. The investment supported its expansion in Saudi Arabia and the development of a generative AI-backed digital education platform.
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• Edtech

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

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 social media platform, Mush Social, acquired Pubbles, a Saudi Arabia-based social media app ..Read More

Saudi Arabia-based social media platform, Mush Social, acquired Pubbles, a Saudi Arabia-based social media app, to expand its user base and strengthen its digital presence. Founded in 2022 by Abdulhadi Alasmi, Mush Social integrates virtual assets and rewards through its map-based platform. Pubbles, launched in 2020, specialized in interactive virtual communities. This acquisition aligns with Mush Social’s growth strategy following its $1.2 million pre-seed round in November 2024.
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• Media & Entertainment

Saudi Arabia-based SaaS provider, Salla, has acquired Sweply, a Saudi digital advertising platform, which will ..Read More

Saudi Arabia-based SaaS provider, Salla, has acquired Sweply, a Saudi digital advertising platform, which will be rebranded as "Salla Ads" to enhance its advertising solutions. This follows Salla’s $130 million pre-IPO investment round in March 2024, led by Investcorp, with participation from Sanabil Investment and STV. The funding aimed to accelerate Salla’s growth and expand its ecosystem, strengthening its position in the e-commerce space.
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• Marketing & Advertising

Saudi Arabia-based contech, BRKZ, completed its Series A extension at $17 million, including $8 million raised ..Read More

Saudi Arabia-based contech, BRKZ, completed its Series A extension at $17 million, including $8 million raised in March last year and $1 million in venture debt. The round was backed by Capifly, along with existing investors such as BECO Capital, Aramco’s Waed, and others. This funding brought BRKZ’s total funding to $22.5 million and will support its expansion within Saudi Arabia and its supplier network in China and India.
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• Contech