Top 35 Internet VC (Venture Capital) Funds in Saudi Arabia in October 2023

Portfolio highlights

• Mozn — Confidently screen customers, monitor transactions and assess risk with powerful AI and seamless automation.
• Sylndr — Sylndr is an automotive focused e-commerce marketplace bringing innovation to the used-cars market, where customers can reliably and transparently sell and buy used cars. The company is aiming to build trust in the used-car market by becoming the go-to place for customers seeking to sell and buy their cars, through an extensive range ofhigh-quality used vehicles accessible across a diverse set of financing solutions.
• Wafeq وافق — Send invoices or purchase orders, manage your inventory and your payroll, and get over 30 reports to manage your company, all in one software.

Portfolio highlights

• Haseel — The new concept to meet your needs of vegetables and fruits selects you the best crops and the best prices in a way that is consistent with your digital age.
• Nearpay — Focus On Building Deep Technology To Create Innovations
• RedBox — Don't wait for drivers to deliver your packages! Instead, use RedBox lockers to ship your packages and collect them at your convenient time. No human contact!

Portfolio highlights

• AlGooru — AlGooru is a tutoring network marketplace that connects students with qualified tutors on a mobile app. Our mobile app uberizes the tutoring market. Students can find reliable tutors, and tutors can manage their sessions/price their own rates.
• Letswork — Work, meet and connect from the best coworking spaces, cafes and hotels across the UAE and Bahrain. Buy a membership, book meeting rooms or rent an office via the Letswork app.
• Otida — Otida is an app that acts as a nutritionist, a fitness coach and physician, among other roles, for patients with diabetes who struggle while navigating through their day-to-day lives.

Portfolio highlights

• qlub — Qlub is the fastest, most secure form of digital menu & contactless payment for customers at restaurants, clubs & lounges.
• Tabby — With Tabby, you can split your purchases into 4 interest-free payments at your favourite stores. Download the Tabby app to get started.
• Floward — Send fresh flowers and a variety of gifts online with Floward. Browse through our numerous products and get same-day flowers delivery

Portfolio highlights

• Haseel — The new concept to meet your needs of vegetables and fruits selects you the best crops and the best prices in a way that is consistent with your digital age.
• TruKKer — TRUKKER is one of the leading names of logistics & transportation companies in UAE, KSA, Egypt & across the GCC. We offer logistics & transport & truck rental services in the MENA Region. Call us on +971 600-524642.
• Eureka — Discover Eureka AI our App measurement tools and how we help you grow in the Digital economy

Portfolio highlights

• Zid زد — Zid is an e-commerce in a box - solution that any retailer can use to start their eRetail. Zid helps them to build their own eStores (with their own name and identity) and integrates them with the supply chain players to enable them to manage and with ease. The company aims to enable the retail sector to enter the world of electronic retail in aneasy and professional.Zid was founded in 2017 and based in Riyadh, Ar Riyad, Saudi Arabia.
• Cura — Cura Healthcare is a Saudi leading telehealth provider that provides digital health and telemedicine software and services. The company has developed state-of-the-art technologies to empower health communications, changing the way patients and doctors interact, diagnose, prescribe, give second opinions, manage chronic diseases, and provide primaryhealth care and well-being therapy sessions. For more information: https://cura.healthcare/en/
• Syarah — Syarah is an online cars marketplaces.

Portfolio highlights

• ELEVATUS — Hire the world's best talent with our award-winning recruitment software, Elevatus. Recruit a talented workforce that will help your company succeed and grow.
• OQ TECHNOLOGY — OQ Technology's Satellite 5G IoT - The world's first global satellite 5G operator, that can collect data from more than 1000 sensors, and so providing cellular coverage for assets and machines anywherer in the world.
• MANAFA Capital — MANAFA is an online marketplace for investing equity into innovative, early-stage companies. It provides sophisticated investors free access to direct investment opportunities, diligence tools and industry data insights for an asset class that was previously very difficult to access. For entrepreneurs, MANAFA offers an efficient way to access anetwork of sophisticated investors as well as leading partners.

Portfolio highlights

• Zid زد — Zid is an e-commerce in a box - solution that any retailer can use to start their eRetail. Zid helps them to build their own eStores (with their own name and identity) and integrates them with the supply chain players to enable them to manage and with ease. The company aims to enable the retail sector to enter the world of electronic retail in aneasy and professional.Zid was founded in 2017 and based in Riyadh, Ar Riyad, Saudi Arabia.
• Gameball — Gameball is a one-stop platform to market your products and keep your customers engaged, leading to boosted conversion and increased RoI with a data-driven success strategy.
• Money Fellows — MoneyFellows digitizes the ROSCA model, enabling group lending and savings.

Portfolio highlights

• Salla — Salla a Saudi-based e-commerce platform that allows users to set up their e-commerce store in Arabic and sell their products and services to customers. In addition, users can set up their own branded store (with their own domain name) by selecting a design of their liking available on Salla. The owners of the e-commerce stores can then manage theirinventory by using Salla’s website or app. Salla provides different types of reports and tools that help store owners with automatic invoices, integration, Instagram, customer database, the ability to block customers, pin favorite products, have offers and discounts, and more.
• Gathern — Gathern is a booking platform of private villas, chalets, rest houses, camps, resorts, farms and other places suitable for gatherings.
• WakeCap Technologies — WakeCap Technologies RTLS is an IoT-based enterprise solution designed to support the digitization process of work sites, Construction, Oil and Gas, Industrial, Manufacture.

Portfolio highlights

• Zid زد — Zid is an e-commerce in a box - solution that any retailer can use to start their eRetail. Zid helps them to build their own eStores (with their own name and identity) and integrates them with the supply chain players to enable them to manage and with ease. The company aims to enable the retail sector to enter the world of electronic retail in aneasy and professional.Zid was founded in 2017 and based in Riyadh, Ar Riyad, Saudi Arabia.
• DataLexing — DataLexing is an All-in-One Data-Driven productivity platform that brings Insights, Apps, Notifications, Forms, and Sheets together in one place.
• Al Matar Group — Al Matar Group provides individuals and businesses with technical travel solutions.

Portfolio highlights

• MaxAB — The Region's Leading Retailer Super App At MaxAB, we change how the supply chain works through our B2B food & grocery e-commerce platform At MaxAB, we change how the supply chain works through our B2B food
• Kemet Trading — Kemet Trading provides institutional-grade infrastructure for digital asset derivatives trading; optimizing access to liquidity, data, trade execution and post-trade workflows.
• Pine Street Labs — A non-custodial API for managing wallets. Built for enterprises.

Portfolio highlights

• Pi Flow — Pi Flow operates as an accounting services provider. Pi Flow is a dedicated Virtual accounting team that offers bookkeeping services and strives to enhance the quality of our client's books.
• DokkanAfkar — DokkanAfkar.com was created by a group of passionate guys who love and appreciate creativity, design and ideas. It was created to enable customers to buy cool unique products with ideas that are fun, unusual and unique. Our products have a focus on fun, uniqueness, defiantly clever, and entertaining products.
• Nana — Nana is an online grocery platform that provides doorstep deliveries of groceries and other home essentials. The company's platform offers a wide assortment of groceries, fruits, and vegetables, cosmetics, electronics, bakery items, and flowers that enables consumers to purchase products online and get them delivered to their homes.Nana wasestablished in 2016 and is headquartered in Riyadh, Ar Riyad, Saudi Arabia.

Portfolio highlights

• Hakbah — Hakbah is a Fintech startup focusing on an alternative financial saving. Hakbah is modernizing financial saving via its intelligent platform by offering a comprehensive one-stop-shop solution for Savings Groups to initiate, manage, join, and pay directly within the mobile app.
• Yodawy — Yodawy is an online pharmacy and insurtech startup that allows customers to order pharmaceuticals and cosmetics via a mobile app and have those delivered through a network of 500+ pharmacies across Egypt. Insurance and copayment benefits are automatically applied with four major insurance carriers onboarded thus far and more in the pipeline.
• Helium Health — Helium Health empowers healthcare providers in Africa with digital tools, financing solutions, and data partnerships. Learn more about our innovative solutions.

Portfolio highlights

• Zid زد — Zid is an e-commerce in a box - solution that any retailer can use to start their eRetail. Zid helps them to build their own eStores (with their own name and identity) and integrates them with the supply chain players to enable them to manage and with ease. The company aims to enable the retail sector to enter the world of electronic retail in aneasy and professional.Zid was founded in 2017 and based in Riyadh, Ar Riyad, Saudi Arabia.

Portfolio highlights

• BitOasis — BitOasis is MENA's leading platform that allows you to securely buy, sell and trade crypto assets like Bitcoin, Ether, XRP and Bitcoin Cash at the best rates. Currently available in UAE, KSA, Bahrain, Kuwait, Oman, Jordan, Egypt and Morocco.
• Believe — Believe Pte Ltd. is a global, Singapore-based FMCG conglomerate that provides market-ready solutions for customers by listening to their needs and designing products that suit their culture and life choices. From breakthrough personal care essentials to beauty products surpassing global standards, our worldwide team of experts use cutting-edgetechnology, scientifically proven methodologies and ancient knowledge to gift our customers
• Wafeq وافق — Send invoices or purchase orders, manage your inventory and your payroll, and get over 30 reports to manage your company, all in one software.

Portfolio highlights

• Lyve Global — Get the ultimate e-commerce experience with Lyve Order. Enjoy consistent updates with new features and fixes, fully branded experiences, and fully localized solutions for global reach.
• Nana — Nana is an online grocery platform that provides doorstep deliveries of groceries and other home essentials. The company's platform offers a wide assortment of groceries, fruits, and vegetables, cosmetics, electronics, bakery items, and flowers that enables consumers to purchase products online and get them delivered to their homes.Nana wasestablished in 2016 and is headquartered in Riyadh, Ar Riyad, Saudi Arabia.
• Tarabut Gateway — Through the power of open banking, Tarabut is paving the way for an accessible, personalised, and connected financial ecosystem.

Portfolio highlights

• Ajuna Network — Ajuna Network is a decentralized ecosystem for gamers and creators.
• X World Games — Founded in 2018, X World Games (“XWG”) aims to build the next-gen decentralized gaming metaverse.X World Games' vision is to build a diversified gaming ecosystem that connects traditional gamers with the blockchain world and invite more game developers into the crypto space by creating and providing the underlying blockchain framework.Withits gaming innovation, crypto game - Dream Card, NFT Marketplace and DeFi Pool, X World Games now serves over 2 million registered gamers, and has quickly become the fastest-growing crypto gaming platform in the ecosystem.X World Games is headquartered in Singapore with a 100+ dynamic team located worldwide.
• Feiba Business Travel — Feiba Business Travel is a business trip ticket service platform

Portfolio highlights

• invygo — Invygo is MENA's first & largest car subscription service creating accessible mobility options through an all-inclusive monthly subscription, all in a seamless app-based experience.For consumers: we provide them access to passenger cars without any financial burdens through a customizable month-to-month subscription through a mobile appFor Dealers: through our technology, they get access to a new business model that helps them generate revenue and reduce their depreciation and operational cost The company was founded in 2018 by Eslam Hussein and Pulkit Ganjoo in Dubai, UAE.
• Yodawy — Yodawy is an online pharmacy and insurtech startup that allows customers to order pharmaceuticals and cosmetics via a mobile app and have those delivered through a network of 500+ pharmacies across Egypt. Insurance and copayment benefits are automatically applied with four major insurance carriers onboarded thus far and more in the pipeline.
• Money Fellows — MoneyFellows digitizes the ROSCA model, enabling group lending and savings.

Portfolio highlights

• Abwaab — Abwaab is an online learning platform that allows secondary-school students to learn at their own pace, test themselves and get ahead with our expert tutors anytime and anywhere. By offering short, engaging video lessons, visualized learning journeys, continuous assessment and performance analytics, we are changing the way students learn outsidethe classroom.
• Wonder — Introducing a new kind of home dining experience. Currently available in areas of New Jersey.
• Wonder — Introducing a new kind of home dining experience. Currently available in areas of New Jersey.

Portfolio highlights

• Cypago — End-to-end intelligent compliance solution for any security standard including SOC 2, ISO 27001, SOX-ITGC, and HIPAA
• Swapp — Real estate developers, architects and engineers use Swapp to design buildings in a smart, flexible and efficient process.
• NVision Imaging Technologies — NVision Imaging Technologies is leveraging advances in quantum physics to enable the first routine, convenient and affordable use of Magnetic Resonance Imaging (MRI) for assessing early patient response to cancer treatment at the metabolic level.

Portfolio highlights

• Shenji Changhua — Shenji Changhua is a biotechnology company focusing on neurological diseases such as ALS.
• Yanming Biology — Pyrotech pharmaceuticals is a biotechnology company that focuses om development for drugs for the treatment of inflammation and tumors.
• Life Biosciences — Lingfu Bio is a service provider of the whole industry chain of experimental animals and animal models.

Portfolio highlights

• erad — erad provides growth capital to online businesses. Connect your analytics and receive funding offers, for non-dilutive capital within 48 hours
• Baytonia — Baytonia is an E-commerce marketplace that is dedicated to customer happiness and consistently provides exceptional value in the form of distinctive and high-quality homeware collections.
• Dastgyr Technologies — Making trade and capital seamless and reliable

Portfolio highlights

• Gathern — Gathern is a booking platform of private villas, chalets, rest houses, camps, resorts, farms and other places suitable for gatherings.

Portfolio highlights

• Gathern — Gathern is a booking platform of private villas, chalets, rest houses, camps, resorts, farms and other places suitable for gatherings.

Portfolio highlights

• nuwo — Workplace as-a-Service. nuwo is the #1 platform 
for financing, equipping 
and managing hybrid 
workspaces
• Stylib — Material search that works. For architects by architects. Our Beta is now live!
• Kraftblock — Kraftblock is a high-efficiency, high-temperature heat storage system designed to decarbonize power generation and industrial processes.

Portfolio highlights

• Qawafel — Qawafel Company for E-Marketing is an electronic platform for the exchange of perishable food products between shops and producers. It is a platform for e-commerce for food suppliers and retailers.

Portfolio highlights

• Salla — Salla a Saudi-based e-commerce platform that allows users to set up their e-commerce store in Arabic and sell their products and services to customers. In addition, users can set up their own branded store (with their own domain name) by selecting a design of their liking available on Salla. The owners of the e-commerce stores can then manage theirinventory by using Salla’s website or app. Salla provides different types of reports and tools that help store owners with automatic invoices, integration, Instagram, customer database, the ability to block customers, pin favorite products, have offers and discounts, and more.

Portfolio highlights

• Midient — We help restaurants collect, analyze, and act on their customer data to increase customer satisfaction and increase revenue.
• Growdash — Growdash is a business intelligence and analytics tool built specifically for restaurants to support profitable growth strategic decisions across online sales channels.
• Agel — Agel aim at reshaping the traditional financial services business model, operational model and customer experience to unlock a unique finance avenue for (“MSMEs”), with a core preposition of availing industry-agnostic merchandise credit limit for Merchants within Agel network in a manner that is Digital, Cashless and Sharia compliant, aligning withthe UN Global (“SDG”) goals, and Egypt’s 2030 plan towards financial inclusion and sustainability.our goals are: - Empowering MSMEs growth, - Accelerating Financial Inclusion, - Eradicating Informal Economy, - Raising Financial literacy

Portfolio highlights

• Teeela — Teeela is the GCC’s fastest growing and most innovative gifting platform, built to provide families with the easiest, quickest and most personalized gifting and toy buying experience
• RedBox — Don't wait for drivers to deliver your packages! Instead, use RedBox lockers to ship your packages and collect them at your convenient time. No human contact!
• SmartCrowd — Smart Crowd is a real estate investment platform that provides you an opportunity to access the UAE real estate market with low minimum investment amount from a simple online portal.Smart Crowd’s innovative approach enables investors to treat their investment properties more like stock portfolios, focusing on asset allocation rather than dealingwith the hassles of researching and buying vacant properties that need to be leased and managed. This creates significant time and cost savings. By allowing low minimum investment you diversify your properties, allowing you to build a well-diversified investment property portfolio without taking on too much leverage and risk.

Portfolio highlights

• MBUZZ — MBUZZ servers, storage devices, and software are deployed by clients to digitally transform their services. To ensure that their customers' critical applications run constantly, perform properly, and grow with business needs, they offer a range of hardware, software, analytics, and services.
• Merit Incentives — Merit Incentives provides gifts, rewards, and engagement strategies using innovative technologies in the MENA region.
• Retailo Technologies — Retailo is an online regional B2B marketplace platform that serves small and medium-sized retail businesses, including kiryana and baqala stores, in the MENAP region. We are using technology to digitize and streamline the retail sector to make it more efficient.

Portfolio highlights

• Saee — At saee we delivering smiles through fulfilling online orders. Also integrate with saee.sa and deliver your shipments and track the couriers.
• Lucidya — Lucidya is a tool for social media analytics powered by artificial intelligence and big data solution. lucidya have many uses like market research, benchmarking, crisis management , product development ..etc
• MUNCH:ON — MUNCH:ON is a food tech startup that has cracked the subscription space in the UAE & KSA, focusing on offering meals from the best restaurants at a significant discount and with free delivery. The company has invested heavily in its scheduling, bundling and order prediction software which has enabled it to achieve massive cost savings for itsrestaurant partners that they then pass on to their users, often offering up to a 55% discount vs. restaurants' regular price. Whether it's employees ordering from their company's curated menu or users ordering for their families at home, the platform takes the usual hassle and cost out of food delivery in a financially (and environmentally) sustainable manner for all stakeholders

Portfolio highlights

• BARQ — BARQ is the first bullet delivery PaaS in the middle east, leading the e-commerce industry to achieve a 30 min. delivery time.
• BALLURH — A SaaS platform that provides predictive analytics with smart recommendations for Retailers to enhance decision-making, increase revenue and improve customer satisfaction.
• Lawazem | لوازم — It is the first B2B marketplace that is especially made to solve that problem. Lawazem consolidates all your operational purchases and spending in one place, whether it is groceries, stationary, cleaning materials, office accessories, or else.We go beyond to make your work environment even better, by providing gift and flower deliveries to youremployees and clients, arrange for internal events, and prepare for your guest and internal meetings through our hospitality partners.Finally, we even help in becoming your concierge for your international purchases, online purchases that require Credit Cards, and help you improve your sourcing process.Lawazem is here to help you anytime and every time.

Portfolio highlights

• D3 — D3 - DNS Domains for Web3
• Silkhaus — A seamless, sophisticated experience you can rely on. Choose from the wide variety of furnished Boutique Flats and apartments for short and long-term stays from Silkhaus.
• Metriport — Metriport helps digital health companies access and manage patient health and medical data, through an open-source and universal API.

Portfolio highlights

• Kaso — Elkaso is the leading Order and Procurement Management Tool for Restaurants and Suppliers in the Middle East.
• Gameball — Gameball is a one-stop platform to market your products and keep your customers engaged, leading to boosted conversion and increased RoI with a data-driven success strategy.
• Agel — Agel aim at reshaping the traditional financial services business model, operational model and customer experience to unlock a unique finance avenue for (“MSMEs”), with a core preposition of availing industry-agnostic merchandise credit limit for Merchants within Agel network in a manner that is Digital, Cashless and Sharia compliant, aligning withthe UN Global (“SDG”) goals, and Egypt’s 2030 plan towards financial inclusion and sustainability.our goals are: - Empowering MSMEs growth, - Accelerating Financial Inclusion, - Eradicating Informal Economy, - Raising Financial literacy

Portfolio highlights

• AlgoPay — AlgoPay is the payment bridge between companies and their consumers in cash economies.
• Tamawal — Tamawal® is an innovative fintech platform that works as an aggregator for the financial sector to link finance requesters with banks and financial institutions as a Digital Financing Broker (DFB).
• Syarah — Syarah is an online cars marketplaces.