Funded startups in Riyadh — last 12 months

Funded startups in Riyadh28 startups raised $1.2B in total in Riyadh over the last 12 months. Largest rounds first.

barq (barq.com) — Series A · $329.5M · Riyadh, SA. Investors: M20 Fund, Noon Investments, Sohar International Bank
barq is building a digital payments platform for users in Saudi Arabia and beyond.

Seha Digital (sehadigital.com) — Series C · $275M · Riyadh, SA
Seha Digital is building a comprehensive telemedicine platform and AI-powered diagnostic tools for patients across the Middle East.

Forus (forus.digital) — Series C · $150M · Riyadh, SA. Investors: Accel, Bain Capital Ventures, BoxGroup, Fasanara Capital
Forus is building a peer-to-peer lending platform for small and medium-sized enterprises in Saudi Arabia.

Gathern (lucidityinsights.com) — Series B · $72M · Riyadh, SA. Investors: Endeavor Catalyst, Nuwa Capital, Pinnacle Capital, STV
Gathern is building an alternative hospitality platform for travelers seeking unique accommodations.

Rewaa (linkedin.com) — Series B · $45M · Riyadh, SA. Investors: Abdulrahman Sulaiman Al Rajhi & Sons Investment Company, Abdulrahman Suleiman Al Rajhi & Sons Company, Alinma Capital, Derayah VC
Rewaa is the leading full-stack inventory management platform for the retail industry, providing retailers with a cloud-based integrated solution that synchronizes online and physical store inventory seamlessly, in addit

Noon Academy (noonacademy.com) — Series B · $40.8M · Riyadh, SA. Investors: Raed Ventures, Wa’ed Ventures
Noon Academy is building a comprehensive learning platform for middle and high school students, combining preparation for national standardized exams with future-focused skills development.

BRKZ (brkz.com) — Series B · $31M · Riyadh, SA. Investors: 9900 Capital, ANB Capital, Aramco's Waed Ventures, Aramco’s Wa’ed Ventures
BRKZ empowers contractors with access to competitive market prices and aims to bridge the gap between construction businesses and suppliers of building materials.

1001 (group1001.com) — Series A · $30M · Riyadh, SA. Investors: 9Yards Capital, CIV, General Catalyst, Hanabi
1001 is building sovereign AI operating systems for operators in critical infrastructure sectors.

Lucidya (lucidya.com) — Series B · $30M · Riyadh, SA. Investors: ARG, Impact46, Rua Growth Fund, SparkLabs Ventures
Lucidya is building an AI-powered customer experience management platform for telecommunications, BFSI, hospitality, healthcare, and public sector clients.

erad (erad.co) — Series A · $22M · Riyadh, SA. Investors: 500 Global, ANB Capital, Aljazira Capital, Araya Ventures
Non-dilutive funding and payments in the Middle East

Simplified Financial Solutions Company (sifi.app) — Series A · $20M · Riyadh, SA. Investors: Breyer Capital, Khawarizmi Ventures, MEVP, QED Investors
Simplified Financial Solutions Company is building a spend management platform for finance teams in Saudi Arabia that empowers them with control over corporate spending.

Safqah Capital (safqah.co) — Seed · $15.2M · Riyadh, SA. Investors: 500 Global, COTU Ventures, JOA Capital, Sadu Capital
Safqah Capital is building Shariah-compliant real estate financing solutions for customers in Saudi Arabia.

Signit (signit.sa) — Series A · $15M · Riyadh, SA. Investors: Raed Ventures, STV, SEEDRA Ventures, Suhail Ventures
Signit is building a digital platform for organizations to create, sign, and manage agreements digitally.

Persona (persona.atlus.com) — Seed · $10M · Riyadh, SA. Investors: Collective Global, Founders Fund, Ribbit Capital, Vine Ventures
Persona is building a verified identity platform for organizations facing complex identity verification challenges.

Sirdab (sirdab.co) — Series A · $10M · Riyadh, SA. Investors: BECO Capital, COTU Ventures, D Global Ventures, Elm
Cloud warehousing & supply chain platform in MENA

COGNNA (cognna.com) — Series A · $9.2M · Riyadh, SA. Investors: BNVT Capital, Impact46, Vision Ventures, Tali Ventures
COGNNA is building an AI-driven security operations platform that automates detection, prediction and response for organisations.

Think (think-ai.com) — Pre-Seed · $8M · Riyadh, SA. Investors: Dhahran Techno Valley, Raed Ventures, Wa’ed Ventures
Think is building integrated AI infrastructure combining high-density computing hardware with proprietary orchestration software for organizations seeking efficient AI deployment.

Muhlah (muhlah.sa) — Seed · $7.5M · Riyadh, SA. Investors: AlSuhaimi Holding Group, BIM Ventures, Fakhr Investment Holding Company, SBI Group
Muhlah is building Shariah-compliant, technology-enabled financing solutions for consumers in Saudi Arabia.

Aya (ecoaya.com) — Series A · $6.9M · Riyadh, SA. Investors: JOA Capital, Joa Capital, Khwarizmi Ventures, Nuwa Capital
Aya is building a trend-driven discovery platform for modest fashion consumers.

Bonat (bonat.io) — Series A · $6M · Riyadh, SA. Investors: RZM Investments, Rua Growth Fund, Tali Ventures, anb Seed Fund
Bonat is building an AI-powered customer engagement platform for merchants to convert walk-ins into loyal customers through AI-driven analytics and marketing automation.

Abwab (abwab.ai) — Seed · $4M · Riyadh, SA. Investors: Middle East Venture Partners, Speedinvest
Abwab is building AI-powered financial infrastructure for banks and financing companies to automate and manage the SME financing lifecycle.

Vrtx (vrtx.sa) — Pre-Seed · $3.6M · Riyadh, SA. Investors: BYLD, F6 Ventures, Palm Ventures, SC Ventures
Vrtx is building a platform that enables businesses to integrate financial services into their existing offerings for companies like logistics and delivery providers.

Nabt (nabt.org) — Seed · $3.4M · Riyadh, SA. Investors: Merak Capital, SHG
Nabt is building a B2B marketplace connecting farmers directly with businesses for enhancing transparency, efficiency, and sustainability in the fresh produce supply chain.

AILA (aila.info) — Pre-Seed · $3M · Riyadh, SA. Investors: 500 Global, Bunat VC, Ethos Fund, Fikr Ventures
AILA is building a platform that personalizes the educational experience for students through artificial intelligence.

Solidrange (solidrange.com) — Seed · $2.4M · Riyadh, SA. Investors: SEEDRA Ventures, Sadu Capital, Sharaka Capital, Tali Ventures
Solidrange is building AI-powered tools focused on governance, risk and compliance automation for enterprise customers in Saudi Arabia.

Ash Games Studio (ashgamesstudio.com) — Seed · $1.5M · Riyadh, SA. Investors: Impact46, Merak Capital
Ash Games Studio is building games that bring Saudi stories to a global audience for gamers interested in unique narrative-driven experiences.

Ghanem (ghanem.sa) — Pre-Seed · $1.5M · Riyadh, SA. Investors: Al-Romaih Group, Waad VC
Ghanem is building a digital real estate platform specializing in fractional ownership solutions for individuals and institutions in Saudi Arabia.

Mersal Media Capital (entarabi.com) — Seed · $1.3M · Riyadh, SA. Investors: private investment fund
Mersal Media Capital is building investment opportunities in the digital media sector for scalable and high-growth assets.

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