Wamda

Saudi Arabia

Jada Fund of Funds invests in Investcorp’s $500 million Saudi pre-IPO growth fund

Jada Fund of Funds, a subsidiary of Saudi Arabia's Public Investment Fund (PIF) has invested in Bahrain's Investorcorp, a $500...

PIF Jada Fund of Funds

Global

Saudi Arabia and South Korea launch $160 million startup fund

South Korea and Saudi Arabia have announced the creation of a joint fund worth $160 million to invest in both South Korean and Saudi...

Saudi-South Korean startup fund

Saudi Arabia

First cohort of ten startups graduates from Flat6Labs Riyadh accelerator programme

Ten startups have graduated from the Flat6Labs Riyadh accelerator programme’s first batch, with each receiving $133,000 (SAR...

Fla6tlabs Riyadh accelerator programme

Egypt

Egypt’s Rology acquires Saudi Arabia-based Arkan United

Egypt-based healthtech Rology has acquired Saudi Arabian counterpart Arkan United. The value of the transaction was not disclosed. The...

Rology

Saudi Arabia

Autobia raises $2.5 million Seed round

Saudi Arabia-based B2B automotive platform Autobia has closed a $2.5 million Seed funding round, led by Sadu Capital and supported by...

Autobia Sadu Capital Wa'ed Vnetures

Saudi Arabia

Floranow acquires Saudi Arabia's Bloomax

UAE-based B2B floral marketplace Floranow has fully acquired KSA’s wholesale distributor of fresh-cut flowers Bloomax, with the...

Floranow Bloomax

Saudi Arabia

Women in Tech programme awards $50,000 to three Saudi female-led startups

Three Saudi Arabia-based female-led startups have been awarded $50,000 in equity-free cash rewards, as part of the Standard Chartered...

women in tech Falak investment hub Standard Chartered

Saudi Arabia

How to pioneer innovation and economic transformation in Saudi Arabia

Dr. Samer Abdallah is the head of ICT Sector at KPMG in Saudi Arabia Governments worldwide are actively embracing innovation to stay...

Innovation

Saudi Arabia

Saudi healthtech Integrative Health acquires Nala

Saudi Arabia-based healthtech Integrative Health has acquired Nala, another Saudi healthtech, for an unknown sum. Founded in 2019 by...

Integrative Health Nala healthtech

Saudi Arabia

SVC allocates $7.5 million to Endeavor Catalyst fund

Saudi Venture Capital (SVC) has allocated $7.5 million to Endeavor Catalyst, the investment arm of Endeavor Global. The allocation is...

SVC Endeavor Catalyst Fund

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

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