Tag: Saudi Arabia

Saudi Arabia-based social trading platform Dawul has raised $5 million in a Seed round led by RAED Ventures with participation from Impact46, Seedra Ventures, Derayah Venture and Sukna Ventures. Founded in 2020 by Mansour Al-Harbi, Dawul is built to help beginner investors look for automated ways to execute trades or follow professional traders […]

FOODICS acquires Jordan’s POSRocket News • 09 January, 2022 Edit Arabic Saudi Arabia-based fintech and foodtech startup FOODICS has fully acquired the Jordan-based POS service provider POSRocket for an undisclosed amount. Founded in 2016 by Zeid Husban, POSRocket offers cloud-based POS software for restaurants and retailers, allowing owners to remotely manage operations in […]

, applications, jeddah, entrepreneurs, accelerator, Flat6Labs Bin Suleiman Centre, Jeddah, KSA Apply for Flat6Labs Jeddah’s Spring 2016 round 09 January, 2016 – 09 January, 2016 Flat6Labs Jeddah fosters and invests in bright and passionate Saudi entrepreneurs with cutting-edge ideas. Launched in 2013, Flat6Labs Jeddah assists and encourages entrepreneurs throughout the critical first steps of development. […]

Saudi Arabia’s Nawel closes $1 million Seed round News • 08 January, 2024 Edit Arabic Saudi Arabia-based logistics solutions provider Nawel has closed a Seed round of $1 million, led by Nomad Holdings, with participation from angel investors. Founded in 2022 by Mohamed Boulcherf and Nawaf Al Shalani, Nawel utilises unused spaces within […]

Saudi healthtech startup Clinicy raises Series A round News • 08 January, 2024 Edit Arabic Saudi Arabia-based healthtech startup, Clinicy,  has raised a seven-figure Series A round, led by Middle East Venture Partners (MEVP), with participation from existing shareholders including Kafou Group and Fadeed Investment. Clinicy was founded in 2017 by Prince Mohammed […]

Jahez lists on Nomu with market cap of $2.4 billion News • 05 January, 2022 Edit Arabic Saudi Arabia-based food ordering platform Jahez has officially listed on Saudi Exchange’s Parallel Market (Nomu), with a market capitalisation of $2.4 billion.  Jahez is the first Saudi startup to offer an IPO on a local public exchange.  […]

Saudi Arabia-based financial technology (fintech) startup NearPay, has raised a $600,000 (SAR 2.2 million) pre-seed round, led by Saudi angel investor Musaab Hakami alongside other angel investors. Founded in early 2020, NearPay offers an NFC technology-enabled point-of-sale (POS) software solution for small businesses, enabling merchants to accept customer payments directly on their phones. NFC technology […]

Competition, Saudi Arabia, competition, MITEF, Entrepreneur, MENA, community jameel Jeddah, KSA MITEF Saudi Startup Competition 04 January, 2018 – 03 March, 2018 Register The MITEF Saudi Startup Competition focuses on attracting high potential business projects across the following three tracks: idea, startup, and social and business.   Participating in this competition will give entrepreneurs local and […]

Q-commerce startup Ninja raises pre-Seed round News • 03 January, 2023 Edit Arabic Saudi Arabia-based quick commerce startup Ninja, has raised a pre-Seed round led by Bunat Ventures, along with multiple VCs from the region, the US, and family offices in Saudi. Founded by Saud Al Qahtani and Canberk Donmez, Ninja is a […]

Growth Avenue Company acquires 20 per cent stake in SororApp News • 02 January, 2023 Edit Arabic Growth Avenue Company has acquired a 20 per cent stake in Saudi Arabia-based on-demand delivery app SororApp, for an undisclosed sum. Founded in 2020 by Musfer Alyami and Abbas Safadieh, Soror App provides on-demand home services […]