Saudi Expansion: Startups Secure Funding for Growth
Startups from various regions are paving the way for Saudi expansion with successful funding rounds under their belts.
Bioniq: Leveraging Funding for Saudi Presence
UK-based healthtech startup Bioniq is gearing up to strengthen its footprint in Saudi Arabia after securing a $15 million series B funding round.
With a valuation of $75 million, Bioniq plans to offer personalized supplements in key Saudi cities based on blood test data and patented algorithms, with a significant portion of the funding earmarked for the Middle East region.
CEO and co-founder Vadim Fedotov highlighted the strategic partnership with Al Borg Diagnostics as crucial in expanding reach and delivering tailored health solutions to the local population.
Ogram: New Funding Fuels Saudi Expansion
UAE-based HR tech startup Ogram has received fresh funding from Oraseya Capital, Aditum Investment Management, and Everywhere VC to support its expansion efforts in Saudi Arabia.
Ogram, a digital staffing marketplace founded in 2017, is set to solidify its presence in the Saudi market with the backing of new investors.
Kemitt: Entering Saudi Arabia Post Funding Round
Egypt-based e-commerce platform Kemitt has expanded into Saudi Arabia following a recent undisclosed funding round.
With a focus on connecting designers with consumers and handling logistics, Kemitt aims to enhance its platform, scale operations, and diversify its product offerings in the Saudi market.
TechMal: Secures $1m in Pre-Seed Funding
Saudi-based startup TechMal has raised $1 million in a pre-seed investment round led by Al Majidiya Investment Co., positioning itself as a player in the micro-consumer finance sector.
Established in 2024, TechMal offers financing solutions for the residential rental sector, allowing tenants to convert annual payments into manageable monthly installments.
Pathfinder: $325m Investment for NASDAQ Listing
UAE-based retail technology solutions provider Pathfinder has secured a $325 million investment from Silver Rock Group ahead of its planned NASDAQ listing.
Founded in 2000, Pathfinder will utilize the funding to enhance its RetailGPT platform and support global expansion efforts over the next three years.
Mamo: Closes $3.4m Funding Round
UAE-based fintech startup Mamo has closed a $3.4 million funding round to support small and medium-sized businesses with payment collection, corporate cards, and expense management.
Co-founded by Asim Janjua, Imad Gharazeddine, and Mohammad El-Saadi, Mamo aims to expand its product offerings within the UAE and beyond.
Zyp Technologies: Raises $1.5m Pre-Series A Funding
Pakistan’s mobility startup Zyp Technologies has secured $1.5 million in a pre-series A round led by Shorooq Partners, with plans to deploy electric motorcycles for deliveries and launch over 1,000 units in Pakistan within the next year.