Pakistan-based healthtech, MedIQ, raised $6 million in a Series A round led by Qatar-based Rasmal Ventures and ..Read More

Pakistan-based healthtech, MedIQ, raised $6 million in a Series A round led by Qatar-based Rasmal Ventures and Saudi Arabia-based Joa Capital, with participation from existing investors. The investment aimed to scale operations across Saudi Arabia’s SAR 7.2 billion healthtech market, upgrade the company’s tech stack, and support its expansion into Qatar and other Gulf countries. MedIQ had previously expanded into Saudi Arabia in 2023.
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• Healthtech

Saudi Arabia-based fintech, Nqoodlet, raised $3 million in a seed round led by Waad Investments, with particip ..Read More

Saudi Arabia-based fintech, Nqoodlet, raised $3 million in a seed round led by Waad Investments, with participation from OmanTel, 500 Sanabil Investment, Oqal, Seed Holding, and others. The funding followed a $1 million pre-seed round closed in late 2021. The capital was intended to scale banking infrastructure, introduce open banking features, expand the team, and strengthen partnerships across the SME financial ecosystem in the region.
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• Fintech

Saudi Arabia-based healthtech startup, Tuba secured $8 million in a pre-seed funding round led by Al-Waalan In ..Read More

Saudi Arabia-based healthtech startup, Tuba secured $8 million in a pre-seed funding round led by Al-Waalan Investment, with participation from angel investors. The investment aimed to support the development of Tuba’s technical infrastructure, operational expansion, and team growth. Founded in 2025 by Fayez Al-Anazi, Tuba uses AI to enhance healthcare management and drive digital transformation across the sector.
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• Healthtech

Saudi Arabia-based fintech, erad secured $16 million in a pre-Series A funding round backed by Y Combinator, N ..Read More

Saudi Arabia-based fintech, erad secured $16 million in a pre-Series A funding round backed by Y Combinator, Nuwa Capital, Khwarizmi Ventures, Aljazira Capital, VentureSouq, Oraseya Capital, and Joa Capital. The round aimed to accelerate erad’s expansion, strengthen local hiring, and enhance its Shariah-compliant, data-driven SME financing platform. The company had earlier raised $2.4 million in a pre-seed round in 2022.
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• Fintech

US-based SaaS startup, BloomPath raised $1.3 million in a pre-seed round led by RAED Ventures, with participat ..Read More

US-based SaaS startup, BloomPath raised $1.3 million in a pre-seed round led by RAED Ventures, with participation from Ulu Ventures, Wamda Capital, +VC, and angel investors. The funding aimed to support BloomPath’s product development, team expansion, and customer acquisition. Founded in 2024, BloomPath provides AI-powered workflow software to track progress, analyse patterns, and improve team performance.
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• SaaS

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

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

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