Country profile

Saudi Arabia

24Companies
10Founders

Saudi Arabia · Jan to Aug

$373m

▼ 80% on last year, 17% of all the money raised.

Stories from Saudi Arabia

Story
Why Gulf Startups Are Building Around the Corner Shop
A neighbourhood shop can look like a small customer for a technology company.
30 Oct 2026
Story
Why Global Companies Are Opening Middle East Headquarters in Riyadh
For years, multinational companies serving the Middle East typically ran their regional operations from Dubai. Saudi Arabia wanted to change that.
28 Oct 2026
Story
The Gulf Is Becoming the World’s Testing Ground for Islamic Fintech
Islamic fintech is growing quickly, and the Gulf is becoming one of the most important places where that growth is being tested in the real world.
14 Oct 2026
Story
Why the Middle East Keeps Producing Super Apps
The Middle East has become unusually fertile ground for super apps. The reason is fairly simple: millions of consumers already live through their phones, but many of the services they use every day are still fragmented across different apps.
13 Oct 2026
Story
Why ALBAIK Is Still So Hyped
For many Saudis, ALBAIK is more than somewhere to grab fried chicken. The chain has been around since 1974, survived wave after wave of global fast-food competition, and somehow remained one of the most talked-about food brands in the country.
6 Oct 2026
Newsletter
Founding MENA #36
A new MENA unicorn and Tabby is now more valuable than Klarna ...
21 Sep 2026
Newsletter
Founding MENA #34
Saudi Arabia has entered the chat 🤯
7 Sep 2026
Newsletter
Founding MENA #31
Fundraises and major tech news deep in the summer period.
17 Aug 2026
Newsletter
Founding MENA #29
Investors continue to deploy despite the summer break.
3 Aug 2026
Newsletter
Founding MENA #28
Summer fundraises in full swing!
27 Jul 2026
Newsletter
Founding MENA #26
Another strong week across MENA.
13 Jul 2026
Newsletter
Founding MENA #25
'Tis the season for demo days and fundraises!
6 Jul 2026
Newsletter
Founding MENA #22
Another week of activity across the ecosystem.
15 Jun 2026
Newsletter
Founding MENA #21
The start of summer is proving to be busier than ever!
8 Jun 2026
Newsletter
Founding MENA #20
A quieter week with the Eid celebrations.
1 Jun 2026
Newsletter
Founding MENA #19
Momentum remains strong across MENA this week!
25 May 2026
Newsletter
Founding MENA #18
A big week of fundraising and international VCs doubling down on MENA.
18 May 2026
Newsletter
Founding MENA #13
MENA startups continue to raise as the region remains resilient.
13 Apr 2026
Newsletter
Founding MENA #12
MENA startups continue to raise as the region remains resilient.
6 Apr 2026
FM featuredFM30 Saudi ArabiaFintech

Tabby

Buy now, pay later and money app for shoppers in Saudi Arabia and the UAE

$6.5bnValuation
FM featuredFM30 Saudi ArabiaRetail

Ninja

Saudi quick commerce app delivering groceries and essentials in minutes

$1.5bnValuation
FM30 Saudi ArabiaFintech

HALA

HALA provides Saudi SMEs with banking, POS, payments and expense management, and raised $157 million Series B at a $900 million valuation.

$1.1bnValuation
FM featuredFM30 Saudi ArabiaFintech

Tamara

Saudi buy now, pay later and shopping app serving the Gulf

$1bnValuation
FM30 Saudi ArabiaFintech

Foodics

Foodics provides a cloud-based restaurant POS and payments platform serving the MENA food and beverage sector, with over $170 million raised to date.

$1bnValuation
FM30 Saudi ArabiaRetail

Salla

Salla is a Saudi e-commerce SaaS platform that lets merchants build Arabic-first online stores, and raised $130 million in a pre-IPO round led by Investcorp.

$715mValuation
FM30 Saudi ArabiaRetail

Nana

Nana is Saudi Arabia’s leading digital grocery platform, backed by Kingdom Holding Company and operating in Riyadh and other cities.

$600mValuation
FM featuredFM30 Saudi ArabiaLogistics

TruKker

Digital freight network matching shippers with trucks across the Middle East and beyond

$600mValuation
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FM30 Saudi ArabiaFintech

Lean Technologies

Lean Technologies builds MENA open banking and payments APIs, licensed by SAMA and ADGM, and raised $67.5 million in Series B led by General Catalyst.

$371mValuation
FM30 Saudi ArabiaRetail

Zid

Zid is a Saudi e-commerce enablement platform that lets merchants launch online stores, with over 10,000 merchants using its services.

$275mValuation
FM featuredFM30 Saudi ArabiaProptech

Gathern

Saudi marketplace for booking chalets, farms and private homes online

$266mValuation
FM30 Saudi ArabiaFood & hospitality

Calo

Calo delivers personalised meal plans designed by nutritionists, headquartered in Riyadh and expanding across the GCC.

$250mValuation
FM30 Saudi ArabiaFintech

PetroApp

PetroApp provides NFC-based fuel payment and fleet expense management for Saudi enterprises, with a $50 million round led by Jadwa Investment.

$250mValuation
FM30 Saudi ArabiaFood & hospitality

COFE

COFE App is the region’s on-demand coffee and agentic commerce super app, founded in Kuwait and now headquartered in Saudi Arabia.

$178mValuation
FM30 Saudi ArabiaLogistics

Salasa

Salasa is a Saudi e-commerce fulfilment platform handling warehousing, packaging and delivery for merchants, with a $30 million Series B.

$165mValuation
FM30 Saudi ArabiaAI

Lucidya

Lucidya is a Saudi AI-native customer experience management platform serving clients across 13 countries, with a $30 million Series B.

$165mValuation
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FM featured Saudi ArabiaFood & hospitality

Jahez

Online food and grocery delivery platform listed on the Saudi Exchange

$2.4bnValuation
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FM featured Saudi ArabiaFood & hospitality

Yatooq

Saudi maker of ready-made Arabic coffee blends and the first automatic Arabic coffee machine

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Saudi ArabiaProptech

Ghanem

Ghanem is a Saudi proptech platform offering fractional ownership in income-generating properties.

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Saudi ArabiaAI

Governata

Governata is a Riyadh startup whose platform helps local organisations meet Saudi data regulations while using AI for decisions.

FM featured Saudi ArabiaFood & hospitality

Al Baik

Jeddah fried chicken chain that introduced broasted chicken to Saudi Arabia in 1974

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FM featured Saudi ArabiaRetail

Floward

Online flowers and gifts platform with same-day delivery across the Gulf and UK

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Saudi ArabiaFintech

resal

resal started out as a digital gifting platform and now runs prepaid rewards software.

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Saudi ArabiaFood & hospitality

Kitchenara

Video-first commerce app, starting with food discovery: creator videos send diners to visit, dine in or pick up. It does not do delivery.

FM featured Saudi ArabiaRetail

Ebrahim Al-Jassim

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Co-founderNinja

HungerStation founder pushed out in 2019 who co-founded Saudi unicorn Ninja

FM featured Saudi ArabiaProptech

Latifa Altamimi

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Co-founder and CEOGathern

Built Gathern, the woman-led Saudi rental platform valued at over $266 million

FM featured Saudi ArabiaFood & hospitality

Ghassab Al-Mandeel

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Founder and CEOJahez

Former Saudi Red Crescent chief who founded Jahez and took it public in 2022

FM featured Saudi ArabiaFintech

Hosam Arab

Co-founder and CEOTabby

Namshi co-founder who built Tabby into MENA's most valuable venture-backed startup

FM featured Saudi ArabiaFintech

Abdulmajeed Alsukhan

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Co-founder and CEOTamara

Left the Saudi central bank for delivery, then built the first Saudi fintech unicorn

FM featured Saudi ArabiaFood & hospitality

Lateefa Alwaalan

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Founder, YatooqYatooq

Programmer who invented an Arabic coffee machine and now leads Endeavor Saudi Arabia

FM30 Saudi ArabiaProptech

Saleh Al-Ghamdi

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Co-founder and CEOGhanem

Ex-Lean Technologies GM offering fractional ownership of income-generating Saudi properties…

FM30 Saudi ArabiaAI

Djamel Mohand

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Co-founderGovernata

Former Foodics COO building Arabic-language data-governance software for Saudi…

FM30 Saudi ArabiaFintech

Hatem Kameli

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Co-founder and CEOresal

Founded iCLICK and co-founded Lucidya before steering Resal into prepaid rewards software

FM30 Saudi ArabiaFood & hospitality

Umair Khalid

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Co-founder and CEOKitchenara

Moved from operations roles at Careem and HungerStation to video-led food discovery at…

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