Yamm secures pre-Seed round led by Flat6Labs News • 10 October, 2024 Edit Saudi Arabia-based logistics startup Yamm has closed its Pre-Seed funding round at an undisclosed amount. The round is led by Flat6Labs, with participation from Judah Ventures along with other angel investors. Founded in 2023 by Sultan Al-Subhi, Mohammed Al-Shalati, […]
Tag: Saudi Arabia
Ejari raises $14.65 million in debt-equity Seed round
Saudi Arabia-proptech Ejari has closed a $14.65 million seed round, which consists of a mix of debt and equity, led by Partners for Growth (PFG), BECO Capital, anb seed, Rua Ventures, Alinma Bank (Alinma Pay), Vision Ventures and Aqar platform, Saudi Arabia’s leading property listing platform. The round also saw the participation of […]
Saudi q-commerce Nana acquires Egyptian fintech Raseedi
Saudi q-commerce Nana acquires Egyptian fintech Raseedi News • 08 October, 2024 Edit Saudi Arabia-based dark store grocery delivery startup Nana has acquired Egypt-based fintech Raseedi for an undisclosed value. Founded in 2016 by Abdulmajeed Alsukhan and Sami Alhelwah, Nana is a digital grocery shopping platform dedicated to fulfilling daily, weekly, and monthly […]
Al Menu raises $10 million to boost operations in Saudi Arabia
Al Menu raises $10 million to boost operations in Saudi Arabia News • 02 October, 2024 Edit Arabic Saudi Arabia-based F&B SaaS provider Al Menu has closed a $10.12 funding round, led by Al Majdiah Investment and other investors. Founded in 2022 by Mamdoh Ali, Al Menu provides cloud-based solutions for restaurants and cafes […]
Saudi Arabia’s Quantum raises investment from HearstLab
Saudi Arabia-based adtech Quantum has secured funding as part of its $7 million Pre-Series-A round from HearstLab, the investment arm of Hearst Corporation. Founded in 2020 by Omar Malaikah and Sara Bin Ladin, Quantum’s platform allows advertisers to select their preferred publishers and purchase ad space directly, while also offering robust data analytics […]
Tawaref series: What you need to know about Saudi specialised licences
Tawaref series: What you need to know about Saudi specialised licences Tawaref • 30 September, 2024 Edit We have already discussed the types of business Licences offered to foreign investors who wish to expand operations in Saudi Arabia. However, businesses may be required to obtain special Licences beyond standard permits, depending on business activities and […]
Mila Celebrations raises $227,000 pre-Seed
Mila Celebrations raises $227,000 pre-Seed News • 26 September, 2024 Edit Saudi Arabia-based event planning platform Mila Celebrations has raised $227,000 in a pre-Seed round from angel investors. Founded in early 2024 by Muhammad Ghourbal, Mila Celebrations offers a one-stop solution for organising events and celebrations. Mila plans to use the investment […]
Merak Capital invests $82.8 million in SHIFT to spur its growth
Saudi Arabia-based mobility startups SHIFT has raised $82.8 million in investment from Merak Capital. Founded in 2017 by Khalid Alsulaiman, SHIFT Inc. is a comprehensive platform specialising in tech-focused mobility solutions for people and products, which is operating in 57 cities across the Kingdom, with a fleet of over 12,000 vehicles. The […]
Darent closes a Seed round led by Al Tawuniya Insurance
Saudi Arabia-based proptech Darent has closed an undisclosed Seed funding round, led by Al Tawuniya Insurance, with participation from the Morgan Stanley Inclusive Ventures Lab and BIM Ventures. Founded in 2021 by Hanin Al-Subaie, Darent is a property management tool for rental properties that allows owners to list their units on the platform, […]
Tawaref series: Company formation in Saudi from A to Z
After understanding the types of licences, and attestation processes, it’s time to move on to the actual company formation. Starting a business in Saudi Arabia involves a few key steps: understanding and obtaining a proper investment/MISA licence, selecting the right business activity, choosing a suitable trade name, and establishing the authority of managers. For a […]