Wamda

Saudi Arabia

Saudi fintech Forus secures Series A funding

Saudi Arabia-based fintech Forus Capital has secured an undisclosed Series A funding round co-led by Yazeed Alrajhi and Brothers...

Forus Fintech

Saudi Arabia

Defining Saudi Arabia's gig economy

When UK-based food delivery platform Deliveroo announced it would pull out of Spain over changes to the legal status of gig economy...

gig economy

Saudi Arabia

WeDeliver raises $2.4 million pre-Seed round

Saudi Arabia-based B2B logistics and last-mile delivery services provider WeDeliver has raised a $2.4 million pre-Seed round from Saudi...

b2b Logistics WeDeliver

Global

Saudi's PIF participates in India-based Healthifyme's $75 million Series C round

Saudi Arabia's Public Investment Fund has invested in India-based healthtech Healthifyme's $75 million Series C funding round,...

Healthifyme Public Investment Fund healthtech

Saudi Arabia

SRMG acquires 51 per cent of Saudi podcast platform Thmanyah

Saudi Research & Media Group (SRMG) has acquired a controlling stake (51 per cent) in Arabic podcast platform Thmanyah. Founded...

Thmanyah SRMG

Saudi Arabia

Sabbar raises $4 million in pre-Series A

Saudi Arabia-based gig-economy marketplace platform has raised $4 million in a pre-Series A round led by STV with participation from...

Sabbar gig economy

Saudi Arabia

Speero raises $1.8 million in pre-Series A

Riyadh-based auto services and repair platform Speero, has raised $1.8 million (SAR 6.75 million) in a pre-Series A funding round...

Speero automotive

Egypt

Edutainment platform Jeel raises $1.2 million in Seed round

Saudi Arabia and Egypt-based edutainment platform Jeel has received $1.2 million in a Seed funding round, led by Kuwaiti and...

Jeel edutainment

Saudi Arabia

Carsharing app Sharik raises SAR2.5 million

Saudi Arabia-based peer-to-peer carsharing app Sharik, has successfully closed a SAR2.5 million ($666,000) financing round via...

Scopeer Crowdfunding carsharing

Saudi Arabia

Nejree closes $15 million Series A for its 'try now buy later' platform

Saudi Arabia-based e-commerce platform Nejree has raised $15 million in a Series A round led by the Impact46 growth fund. Founded...

E-commerce Nejree

Saudi Arabia

Five Colors raises SAR5 million

Saudi Arabia-based video production company Five Colors, has raised SAR5 million ($1.3 million) via crowdfunding platform...

Scooper creative industries Five Colors

Saudi Arabia

IR4LAB secures $1.5 million from Aramco’s Wa’ed

Saudi Arabia-based blockchain startup IR4LAB has secured a $1.5 million investment round from Aramco’s entrepreneurship arm,...

IR4LAB Wa'ed

Saudi Arabia

Why Mumzworld is a unique story for the Arab region

The Mumzworld story is a triumph for e-commerce startups and the entrepreneurial ecosystem in the Arab region. The journey of the two...

Mumzworld

Saudi Arabia

Saudi Arabia’s Tamer Group acquires majority stake in Mumzworld

Saudi Arabia’s Tamer Group, a healthcare distributor and logistics company has acquired a majority stake in UAE-based e-commerce...

acquisition news Mumzworld

Saudi Arabia

Saudi Arabia's Finance Ministry grants licenses for STC Bank and Saudi Digital Bank

Saudi Arabia's Finance Ministry has granted licenses for the Kingdom's first digital banks; STC and Saudi Digital Bank - both...

Fintech digital banks

Saudi Arabia

Swvl expands to Saudi Arabia

Egypt-founded mass transportation startup Swvl, has expanded to Saudi Arabia to serve the corporate and business sector. The...

Swvl Saudi Arabia Egypt

Saudi Arabia

NearMotion receives follow-on investment from Wa’ed

Saudi Arabia-based digital mapping and navigation startup NearMotion has received follow-on investment from Aramco’s...

NearMotion Navigation ksa

Saudi Arabia

Saudi fintech Tweeq closes funding round led by STV, Raed Ventures

Riyadh-based fintech platform Tweeq has raised an undisclosed funding round, co-led by STV and Raed Ventures. Founded in 2020 by...

Fintech Tweeq

Regional

Watheeq launches $26.7 million proptech fund

Saudi Arabia-based investment management and financial advisory company Watheeq Financial Services, has launched SAR 100 million ($26.7...

Proptech Watheeq

Saudi Arabia

FloraNow acquires AstraFarms' flower distribution business

Dubai-based B2B floral marketplace Floranow has acquired Saudi Arabia-based distribution business of Saudi...

Astra Farms Floranow Floral markerplaces

Saudi Arabia

Can Saudi Arabia become the region's fintech frontrunner?

When Tamara announced it had raised $110 million for its Series A back in April, it sent a wave of awe across the region. Not only was this...

Fintech

Saudi Arabia

Red Sea Farms raises $10 million to expand across Saudi

Saudi Arabia-based agritech startup Red Sea Farms has received a $10 million investment fund from Wa’ed, the Future Investment...

agritech KAUST

Saudi Arabia

Wa’ed invests $500,000 in Saudi drone operator FalconViz

Wa’ed, the entrepreneurship arm of Saudi Aramco, has invested $500,000 in Saudi Arabia-based drone operator FalconViz, marking...

falconviz Wa'ed Aramco

Saudi Arabia

The VC map of Saudi Arabia

We recently published a feature highlighting the growth of Saudi Arabia's venture capital sector. In this infographic, we have mapped...

Venture Capital Angel Investor corporate venture capital

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