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Abyan Capital Raises $18M in Series A Funding

Abyan Capital, a Saudi Arabia-based robo-advisory company, raised $18M in Series A funding. The round was led by STV with participation from Wa'ed Ventures and...

From LA to Riyadh: Outer Edge Web3 Innovation Summit debuts in Saudi Arabia in partnership with Animoca Brands and KACST

Riyadh, KSA, March 20th, 2024, FinanceWire Outer Edge, Animoca Brands and King Abdulaziz City for Science and Technology (KACST) present Summit on 23 April to...

BRKZ Raises $8M in Series A Funding

BRKZ, a Saudi Arabia-based construction tech startup, raised $8M in Series A funding. The round, which brought the total amount raised to date to $13.55M,...

Aramco Expands Global Venture Capital Program With $4 Billion

Aramco, a Saudi Arabia-based global integrated energy and chemicals company, allocated an additional $4 billion to its global venture capital arm, Aramco Ventures.  It will more than double...

Nearpay Raises $14M in Series “A” Funding Round

Nearpay, a Riyadh, Saudi Arabia-based fintech startup specializing in payments infrastructure as a service, raised $14M in Series A funding. The round was led by...

Lendo Raises $28M in Series B Funding

Lendo, a Riyadh, Saudi Arabia-based shariah-compliant debt crowdfunding marketplace, raised SAR 105m ($28m) in Series B funding. The round was led by Sanabil Investments, a wholly-owned company...

Takadao Raises $1.6M in Pre-Seed Funding

Takadao, a Riyadh, Saudi Arabia-based provider of community-owned financial services on the blockchain, raised $1.6M in Pre-Seed funding. The round was led by Draper Associates...

Intella Raises $3.4M in Pre-Series A Funding

Intella, a Riyadh, Saudi Arabia-based MENA-based deep tech company, raised $3.4M in Pre-Series A funding. The round was led by HALA Ventures and Wa’ed Ventures,...

Aramco Acquires Stake in MidOcean Energy

Aramco, a Dhahran, Saudi Arabia-based integrated energy and chemicals company, acquired a strategic minority stake in MidOcean Energy, a Washington, DC-based liquefied natural gas...

SparkLabs Saudi Arabia Launches Accelerator Program

SparkLabs Group with the support of The National Technology Development Program (NTDP) will begin its startup accelerator program on November 1st, 2023. Led by Ivan...

Rewaa Raises US$27M in Series A Funding

Rewaa, a Riyadh, Saudi Arabia-based omnichannel inventory management system provider, raised US$27M in Series A funding. The round was led by Wa’ed Ventures, a VC...

Wadaie Raises Pre-Seed Funding

Wadaie, a Saudi Arabia-based fintech company that provides a platform to connect depositors with banks, raised an undisclosed amount in Pre-Seed funding. The round was...

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