Saudi proptech ARK closes $1 million pre-Seed round News • 29 October, 2024 Edit Saudi Arabia-based proptech ARKTECH has closed a $1 million pre-Seed investment round, led by Core Vision Investment. founded in 2023 by Waheed Al Jassas, ARK ensures lucrative returns on real estate investments. This investment will further strengthen ARK’s position […]
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Wa’ed Ventures earmarks $100 million to invest in Saudi AI sector
Wa’ed Ventures earmarks $100 million to invest in Saudi AI sector News • 28 October, 2024 Edit Aramco’s $500 million VC fund, Wa’ed Ventures, has allocated $100 million for early-stage AI investments to support positioning the Kingdom as a global AI hub. For deployment, Wa’ed has appointed an advisory board composed of global […]
Saudi Arabia’s Nabt raises $1.5 million Seed led by Merak Capital
Saudi Arabia’s Nabt raises $1.5 million Seed led by Merak Capital News • 28 October, 2024 Edit Saudi Arabia-based foodtech Nabt has closed a $1.5 million Seed investment round, led by Merak Capital with the participation of other angel investors. Founded in 2022 by Abdullah Alotaibi, Nabt operates a B2B marketplace connecting farmers […]
TGE raises $450,000 investment from Adaverse
TGE raises $450,000 investment from Adaverse News • 28 October, 2024 Edit Saudi Arabia-based Web3 provider Tharawat Green Exchange (TGR) has raised $450,000 in investment from Adaverse, a Saudi Web3 and blockchain fund Founded in 2023 by Yakeen Al Zaki, Hassan Al Redha and Yasser Alobaidan, TGE leverages Web3 technology to support environmental […]
UAE’s proptech Prypco raises $10 million Seed round
UAE’s proptech Prypco raises $10 million Seed round News • 23 October, 2024 Edit Arabic UAE-based proptech Prypco has raised $10 million in a Seed funding round, led by Shorooq Partners, with participation from Apparel Group and other investors. Founded in 2022 by Amira Sajwani, Prypco facilitates owning real estate through its four-veritcal […]
invygo pursues profitability after raising $8 million Series A extension
invygo pursues profitability after raising $8 million Series A extension News • 23 October, 2024 Edit Arabic Saudi Arabia-headquartered mobility startup invygo has raised an $8 million Series A extension provided by STV’s newly launched NICE Fund, as well as existing investors including Al Rajhi Partners, Arab Bank Ventures, SPV, MEVP, and C5. […]
UAE’s Best Kept Shared acquires BAZAARA
UAE’s Best Kept Shared acquires BAZAARA News • 22 October, 2024 Edit Arabic UAE-based e-commerce platform Best Kept Shared has acquired the UAE’s peer-to-peer (P2P) fashion resale platform BAZAARA for an unknown amount. Founded in 2023 by Kelly Power and Sophie Kjøller, Best Kept Shared is a P2P fashion rental and resale platform. […]
Saudi B2B fintech Mala secures $7 million pre-Seed
Saudi B2B fintech Mala secures $7 million pre-Seed News • 21 October, 2024 Edit Arabic Saudi Arabia-based fintech Mala has closed a $7 million pre-Seed funding round, led by VentureSouq and Shorooq Partners, as well as M Capital, BECO Capital, Access Bridge Ventures, Waad Investment, Palm Ventures, and Silicon Valley-based fund D Global Ventures […]
HALA Payments joins Saudi Unicorns Programme
Saudi Arabia-based fintech HALA Payments has been selected to join the Saudi Unicorns Programme. Through the Saudi Unicorns Programme, HALA will benefit from opportunities to attract top talent, access new markets, and build strategic partnerships with government entities and global leaders in the fintech space. Founded in 2018 by Esam Alnahdi and […]
Tawaref series: A step-by-step guide to Saudi Iqama process
Throughout this article series, we have discussed several key processes a foreign investor who dreams of opening a business in Saudi Arabia must undergo. After financial planning, securing an investment licence, and company formation, the next essential move is ensuring you have the proper permissions to live and work in the Kingdom. In this article, […]