Saudi Arabia

What led to Ebrahim Al-Jassim’s exit from HungerStation in 2019

A detailed look at HungerStation’s 2019 leadership transition, the legal dispute between Delivery Hero and Ebrahim Al-Jassim, and the rise of Ninja as one of Saudi Arabia’s first q-commerce unicorns.

Jul 3, 2025

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4 min read

Ninja becomes Saudi Arabia’s latest tech unicorn with $250M raise ahead of 2027 IPO

Founded by HungerStation’s Ebrahim Al-Jassim, the quick commerce startup is now valued at $1.5B after a round led by Riyad Capital, joining Foodics, Tamara, and Tabby among the Kingdom’s top valued tech companies.

Jul 1, 2025

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2 min read

PetroApp raises $50M to expand digital fuel platform, targets 2028 IPO

The $50M round, including $45M from Jadwa Investment and participation from Bunat Ventures, will support PetroApp’s expansion into retail services, growth across regional markets, and path to an IPO by 2028.

Jun 30, 2025

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3 min read

Impact46 backs Spekter Games in $5M seed round to expand global gaming footprint

The investment into Taehoon Kim’s web3-hybrid gaming startup follows Impact46’s launch of a $40M gaming fund earlier this year.

Jun 26, 2025

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2 min read

Morni raises undisclosed investment from STV to expand mobility platform across MENA

The deal was led through STV’s newly launched $100M NICE fund, a non-dilutive capital vehicle backed by SAB Invest and NTDP to support high-growth Saudi tech startups.

Jun 24, 2025

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3 min read

Nowlun adds $600K from Ingressive Capital to extend seed round to $2.3M

The Cairo-based logistics startup will use the additional capital to accelerate AI adoption and scale its smart shipping assistant across Egypt and Saudi Arabia.

Jun 24, 2025

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3 min read

Replit and HUMAIN partner to deliver Arabic-language AI coding across Saudi Arabia

The collaboration will integrate HUMAIN’s Arabic-first large language model (LLM), ALLAM, into Replit’s generative AI development platform.

Jun 19, 2025

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2 min read

OCTA raises $20 million credit facility from Sukna Fund to expand embedded SME financing in GCC

The credit facility will allow OCTA to embed short-term working capital financing directly into its platform.

Jun 19, 2025

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2 min read

Darwinz AI raises $325K to scale its Arabic-first AI copilot for marketing and PR teams across MENA

Founded in 2021 by Emad Elazhary and Mohy Aboualam, Darwinz AI is building Dima, an Arabic-first AI copilot designed to help marketing and PR teams operate more effectively. The platform offers real-time sentiment analysis, crisis detection, and media coverage insights.

Jun 17, 2025

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2 min read

Khwarizmi Ventures eyes $100M+ Fund II to back early-stage startups

Speaking to Alarabiya Business, Managing Partner Abdulaziz Al-Turki called it a “golden opportunity” for early-stage investing, pointing out that MENA went from zero unicorns a decade ago to eight today, and could reach 60 by 2035.

Jun 5, 2025

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2 min read

Tamara turned a profit, but the real story is how

Saudi Arabia’s fintech crown jewel is now profitable. But its Q1 financials come with caveats, and reveal a seemingly quiet re-architecture of its business model.

Jun 4, 2025

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3 min read

The return of the SPAC, Saudi-style

What the CMA’s new draft framework tells us about the next chapter of public markets in the region.

May 29, 2025

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3 min read