We invest in seed and early-stage startups in Saudi Arabia and MENA.
Location: Saudi Arabia, Eastern Region, Dammam
Employees: 1-10
Founded date: 2015
Investment Type: Venture Capital
Investment Stage: Pre-Seed; Seed; Series A
Portfolio 1
| Date | Name | Website | Total Raised | Location |
| 08.02.2023 | palm.hr | palmhr.net | $5M | Saudi Arab... |
Mentions in press and media 22
| Date | Title | Description |
| 19.09.2025 | MENA Digest: Saudi firms HALA, Bynow, Oman’s Rihal, others get funding | Credit: 123RF.com HALA, Saudi Arabia’s leading fintech startup, propelled funding activity in the Middle East and North Africa (MENA) region this week, securing one of the region’s largest Series B funding rounds. The company secured nine-f... |
| 18.09.2025 | HALA: $157 Million Raised To Expand Fintech Services For Small Businesses Across the Middle East | HALA Holding, a leading fintech company based in Saudi Arabia, has announced the completion of a $157 million Series B funding round. This marks one of the most significant Series B investments in the region’s fintech sector. The round was ... |
| 09.08.2025 | Saudi AI startup Deep.SA secures $1.2 M Pre-seed funding | Deep.SA, a Saudi-based artificial intelligence startup, has successfully raised $1.2 million (SAR 4.5 million) in a pre-seed funding round. The investment was led by Tam Development and Raed Ventures, with participation from other investors... |
| 04.08.2025 | Saudi Arabia Leads MENA Startup Funding in First Half of 2025, Securing US$1.34 Billion | Saudi Arabia emerged as the most funded startup market in the Middle East and North Africa (MENA) during the first half of 2025, securing US$1.34 billion about 64 percent of the region’s total startup capital — according to data from MAGNiT... |
| 01.08.2025 | Stake in Foodics acquired by Kamco Invest | Kamco Invest, a leading regional non-banking financial powerhouse, has announced that its private equity division has acquired a stake in Foodics, one of the MENA region’s fastest-growing cloud-based restaurant technology and payments platf... |
| 22.07.2025 | Qlub Raises $30M in Funding | Qlub, a Dubai, UAE-based fintech company offering a payment system in restaurants, raised $30M in funding. The round was led by Shorooq, and Cherry Ventures, with participation from strategic partners including e&, Mubadala Investments,... |
| 08.07.2025 | Octane, an Egyptian logistics and mobility startup, raises $5.2 million in seed funding | Egyptian logistics and mobility startup Octane has announced a successful $5.2 million seed funding round aimed at transforming how fleet operators manage fuel payments across the Middle East and North Africa (MENA) region. The round was le... |
| 15.06.2025 | Sylndr, an Egyptian Online Car Retailer, has secured US $15.7 million in a Series A equity funding round | Sylndr, Egypt’s leading online used-car platform, has secured US $15.7 million in a Series A equity funding round, led by Development Partners International’s (DPI) Nclude Fund, with participation from Algebra Ventures, Nuwa Capital, Raed V... |
| 17.02.2025 | Top social e-commerce platform Taager raised $6.75 M Pre-series B funding | The $6.75 million pre-Series B funding round for Taager, the top social e-commerce platform in the MENA region, was completed. Norrsken22, an Africa-focused tech growth fund, led the round.The company will be able to support its expansion i... |
| 12.02.2025 | Taager's $6.75M Funding: A Catalyst for MENA's E-Commerce Revolution | In the heart of the Middle East, a digital storm is brewing. Taager, a social e-commerce platform based in Riyadh, Saudi Arabia, has just secured $6.75 million in Pre-Series B funding. This investment is not just a financial boost; it’s a l... |
Show more