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 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-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 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’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

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