Mush Social secures $1.2 million pre-Seed News • 06 November, 2024 Edit Arabic Saudi Arabia-based Mush Social has secured $1.2 million in a pre-Seed round led by Nifal Consulting, with support from Nahr Al-Jazeera Holding, along with other angel investors. Founded in 2022 by Abdulhadi Alasmi, Mush Social is a social platform that […]
Tag: Saudi Arabia
Tawaref series: Saudi tax system explained
A deep understanding of the tax system is one of the most critical factors for business success in any country, and Saudi Arabia is no exception. As the Kingdom continues to develop its tax laws and regulations, businesses need to be well-informed to navigate this evolving landscape. Over the years, Saudi Arabia has continuously developed […]
Ayen acquires Elmawkaa in a seven-figure deal
Ayen acquires Elmawkaa in a seven-figure deal News • 31 October, 2024 Edit Arabic Saudi Arabia-based proptech Ayen has acquired the Egyptian contech Elmawkaa in a SAR seven-figure transaction that will see Ayen integrate Elmawkaa’s construction materials marketplace into its property evaluation platform. Founded in 2018 by Abdulrahman Al-Mulqi, Ali Al-Mohsen and Aymen […]
BIM Ventures unite with SBI Holding to launch $200 million fund “BIM Capital”
BIM Ventures unite with SBI Holding to launch $200 million fund “BIM Capital” News • 31 October, 2024 Edit Saudi Arabia-based venture studio firm BIM Ventures and Japan’s SBI Holding have launched BIM Capital, a joint venture designed to contribute to growth opportunities across Saudi Arabia and the broader Middle East. BIM Capital […]
$300 million Beta Lab Fund launches to back Saudi, Asian deeptech startups
$300 million Beta Lab Fund launches to back Saudi, Asian deeptech startups News • 30 October, 2024 Edit Saudi fund and studio specialising in deeptech Beta Lab has kicked off with a capital of $300 million on the first day of the Future Investment Initiative (FII) 2024. The fund aims to support the […]
Saudi proptech ARK closes $1 million pre-Seed round
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 […]
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 […]
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. […]