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Funding Rounds And M&A News
MDD closes undisclosed Series A round
Riyadh - Sharikat Mubasher: MDD, a Saudi provider of supply chain and procurement solutions, secured an undisclosed Series A round from an individual investor.In a statement, MDD clarified that the investment came through selling a 5% stake in the company at a valuation exceeding SAR 100 million.Founded in 2019, MDD provides a full suite of innovative and effective solutions to tackle challenges facing businesses and suppliers and meet the needs of different suppliers through its digital platform.It enables clients to connect their systems and enterprise resource systems (ERP) seamlessly, allowing them to track requests efficiently and more accurately.
SAMA greenlights Hala Finaning
Riyadh - Sharikat Mubasher: The Saudi Central Bank (SAMA) licensed Hala Financing to provide debt-based crowdfunding solutions in the Kingdom, bringing the total number of authorized companies offering debt-based crowdfunding solutions in Saudi Arabi
SVC invests SAR 112 mn in General Atlantic’s PE fund
Riyadh - Sharikat Mubasher: The Saudi Venture Capital (SVC) invested around SAR 112.5 million in a private equity fund managed by General Atlantic, a leading global growth equity investor, the company announced in a statement.The fund will focus on f
Saudi EXIM Bank inks two agreements to boost non-oil exports
Riyadh - Sharikat Mubasher: The Saudi Export-Import Bank (EXIM Bank) signed two agreements with the Saudi National Bank (SNB) to empower Saudi non-oil exports to expand in global markets, the bank announced in a statement.Both banks in
WheeKeep raises SAR 30 mn Series A round
Riyadh - Sharikat Mubasher: WheeKeep, a Saudi provider of portable storage solutions, secured over SAR 30 million in a Series A round led by the US-based Fintech Collective, with participation from prominent local and global investors.In a statement,
Abyan Capital raises SAR 68 mn Series A round
Riyadh - Sharikat Mubasher: The Saudi-based Abyan Capital secured SAR 68 million in a series A round led by the Saudi Technology Ventures Company (STV), with participation from Wa'ed Ventures and RZM Investment, the company announced in a press r
Rakeez Capital raises SAR 7.5 mn seed round
Riyadh - Sharikat Mubasher: The Saudi fintech company Rakeez Capital secured SAR 7.5 million in a seed round led by Core Vision Investment Company, the fintech company announced in a statement.Rakeez Capital, launched in 2023, is licensed by the Capi
Moyasar secures SAR 78 mn in seed round at LEAP 2024
Riyadh - Sharikat Mubasher: The Saudi financial company Moyasar successfully secured SAR 78.75 million in a seed round led by Jahez, with participation from Derayah Ventures, on the sidelines of LEAP 2024.Moyasar will allocate the proceeds to innovat
LEAP 2024 witnesses launching $835mn investment funds
Riyadh - Sharikat Mubasher: The second day of LEAP 2024, the most-attended tech event in the world, witnessed the launch of seven investment funds worth around $835 million.The largest fund, worth $500 million, was launched by the Saudi Venture Capit
Startups secure momentous investments at LEAP 2024
Riyadh - Sharikat Mubasher: Several startups secured multiple investments through different types of funding rounds during LEAP 2024, reinforcing Saudi Arabia’s position as a central hub for technology, innovation, and entrepreneurship.The Saud
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