Wamda

Saudi Arabia

Saudi furniture marketplace Baytonia raises Seed round

Saudi Arabia-based furniture e-commerce platform Baytonia has closed an undisclosed Seed round, led by Khwarizmi Ventures (KV), with...

Baytonia e--commerce furniture

Saudi Arabia

Saudi fintech Wosul raises $3.2 million

Saudi Arabia-based fintech Wosul Payments has raised a $3.2 million Seed round led by Khalab’s company along with a group of angel...

Wosul Fintech وصول

Saudi Arabia

Noon lays off 10 per cent of workforce

Saudi Arabia-based e-commerce platform Noon has cut 10 per cent of employees at its Dubai office to reduce costs according to...

Noon E-commerce

Saudi Arabia

Saudi fintech Hakbah closes $2 million pre-Series A round

Saudi Arabia-based fintech Hakbah has closed a $2 million pre-Series A funding round, financed by Global Ventures and Aditum Investment...

Hakbah Fintech Global Ventures

Saudi Arabia

Saudi Arabia’s Savvy Games acquires Scopely for $4.9 billion

Saudi Arabia-based gaming platform Savvy Games Group, owned by the country's sovereign wealth fund, the Public Investment Fund...

Savvy Games Scopely

Saudi Arabia

Shaker Group acquires 10% stake in Cashew

UAE-based fintech Cashew has raised an undisclosed investment from Saudi company Shaker Group, for a 10% stake. Founded in 2019 by...

Cashew Shaker Group Fintech

Saudi Arabia

King Saud University invests in STV’s Total Growth Platform

The investment arm of King Saud University “Riyadh Valley Company (RVC)” has invested an undisclosed amount in STV’s...

King Saud University Riyadh Valley Company STV

Saudi Arabia

SVC launches $80 million VC fund to back fintech in KSA

Saudi Venture Capital Company (SVC) has launched an $80 million Investment in Fintech VC Fund, in partnership with the Capital Market...

SVC Fintech Saudi Arabia

Saudi Arabia

Saudi Arabia’s Aumet raises $7 million pre-Series A round

Saudi Arabia-based healthtech Aumet, has raised a $7 million pre-Series A funding round from AAIC, a Tokyo-based healthcare-focused...

Aumet healthtech

Saudi Arabia

Tamara raises $150 million debt financing from Goldman Sachs

Saudi Arabia-based fintech Tamara, has closed a $150 million debt financing round from Goldman Sachs, bringing the startup’s total...

Tamara Fintech Goldman Sachs

Saudi Arabia

NFT marketplace Nuqtah raises Seed round

Saudi Arabia-based NFT marketplace Nuqtah, has raised an undisclosed Seed round led by Animoca Brands with participation from Polygon...

Nuqtah Animoca Brands NFT

Saudi Arabia

Kara raises $586,000 during Biban 2023

Saudi Arabia-based device-as-a-service (DaaS) startup Kara, has raised $586,000 (SAR 2.2 million) pre-Seed round led by Falak Investment...

Kara Biban 2023

Saudi Arabia

Beta Lab launches in Saudi Arabia to scale homegrown deeptech startups

Beta Lab, a VC and co-creation studio dedicated to fostering the growth of deep technology startups, has launched in...

Beta Lab

Saudi Arabia

Saudi healthtech Labayh acquires Nafs app

Saudi Arabia-based mental health app Labayh has acquired UAE’s counterpart, Nafas. Founded in 2018 by Basim Albeladi,...

Labayh Nafs healthtech

Saudi Arabia

Emkan launches $31 million fund to back early-stage startups

Saudi Arabia-based VC firm Emkan Capital has announced the close of its $31 million Emkan Capital Fund I (ECP I). ECP I aims to invest...

Emkan Capital Emkan Capital Fund I Jada Fund of Funds

Saudi Arabia

Ygii raises pre-Seed round led by Flat6Labs

Saudi Arabia-based social commerce platform Ygii has secured a pre-Seed round from Flat6labs, with participation from a group of angel...

Ygii

Saudi Arabia

Amwal raises $2.5 million pre-Seed round

Saudi Arabia-based fintech Amwal has secured $2.5 million in a pre-Seed round co-led by Shorooq Partners and Outliers Venture Capital...

Outliers Venture Capital Shorooq Partners Amwal

Saudi Arabia

Open banking in Mena: Shifting gears and making strides

Abdulla Almoayed is the founder and CEO of open banking platform Tarabut Gateway The Middle East and North Africa (Mena) region is now...

Open banking Fintech

Saudi Arabia

Munjz closes $5 million Series A round

Saudi Arabia-based proptech Munjz, has closed a $5 million Series A round, led by undisclosed investors, in addition to Vision Venture,...

Saudi Arabia Munjz Proptech

Saudi Arabia

Saudi mobility startup Telgani closes $6 million Series A round

Saudi Arabia-based mobility startup Telgani has closed a $6 million Series A funding round, co-led by Hala Auto and Elm...

Telgani Hala Auto Elm Company

Saudi Arabia

Hala acquires UAE fintech Paymennt.com

Saudi Arabia-based fintech Hala has acquired UAE-based fintech Paymennt.com, previously called PointCheckout, for an unknown...

Hala Paymennt.com M&A

Saudi Arabia

noon acquires Namshi for unknown sum

Saudi Arabia-based e-commerce platform noon.com has completed its acquisition of the UAE-based fashion shopping platform...

noon.com Namshi M&A

Saudi Arabia

Flat6Labs launches $20 million Startup Seed Fund in Saudi Arabia

Flat6Labs has finished the first close of its $20 million “Startup Seed Fund” in Saudi Arabia, with the participation of the...

Flat6Labs Startup Seed Fund

Saudi Arabia

The Space merges with Vibes to form co-working space network in KSA

Saudi Arabia-based co-working space, The Space, has merged with Vibes for an undisclosed value. Founded in 2014 by Omar Al-Shabaan and...

The Space Vibes M&A

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