Seed

Series B

Series A

Unknown Series Round

Pre-Seed

Pre-Series A

Abu Dhabi

Khaled Zainalabedin

Khalid Saad

Chadi Hajjar

Mustafa Abdelhamid

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Bunat Ventures

Bunat Ventures is an heterogenous Venture Builder VC Firm based in the GCC and regulated by the Abu Dhabi Global Market (ADGM) as a VC Fund Manager. Our ambition is to build a unique Venture Builder + Operational VC ecosystem that connects in-house ideas and partner entrepreneurs with other change makers that want to re-imagine new ideas and products.

Riyadh

Pre-IPO

Ninja

Grocery

Mobile Apps

Apps

Deliveries

Delivery Services

Food and Beverages

Internet Marketplace Platforms

Food Delivery

Ninja is a rapid delivery service based in Riyadh that provides groceries, bakery items, coffee, beauty and hygiene products, and more in under 30 minutes through its dark-store network and swift last-mile service.

Debt Financing

Rize

Real Estate

Proptech

Property Development

Residential

Rize is PropTech company aiming to revolutionize the real estate rental journey.

PetroApp

Automotive

Fintech

E-Commerce

Software

Information Technology

PetroApp is a smart system based on NFC technology which enables companies and individuals to eliminate waste, to control and monitor the fuel consumption and its distribution.

Dubai

Okadoc

Fitness

Healthcare

Health Care

Personal Health

mHealth

Wellness

Healthtech

Okadoc is a healthtech start-up with a mission to create a better healthcare experience for all. It is the region’s first instant online appointment booking platform that seamlessly connects healthcare providers and doctors with their patients. Patients can use Okadoc.com to find doctors across 130+ specialities who accept their insurance,instantly book appointments online, receive reminders, reschedule, cancel or even request earlier availability. Okadoc provides both a 24/7 intelligent medical calendar system and a fully interoperable cloud based solution that integrates with most hospital and clinic management systems. It helps practitioners, clinics and hospitals reduce 'no-shows', optimise their bookings, attract and engage new patients. Okadoc's online marketplace delivers the efficient, seamless, and simple healthcare experience for anyone, anytime, anywhere. Okadoc is free for patients and available across www.okadoc.com or the app for iPhone and Android. Okadoc’s telemedicine platform enables virtual consultations and connects patients to doctors and healthcare providers across the country.

Manama

CoinMENA

Finance

Financing Platform

Financial Services

CoinMENA is the leading regulated cryptocurrency trading platform connecting traditional finance with crypto across the MENA region and beyond.

Hakbah

Hakbah is a Saudi fintech startup specialized in alternative saving and Savings Groups. Hakbah mission is to digitize financial habits by developing innovative savings products that help increase financial inclusion, support a non-cash society, and bridge the gender gap in savings. Hakbah is revolutionizing how people achieve their financial goals, together.

Omniful

Predictive Analytics

Retail Technology

SaaS

Supply Chain Management

Artificial Intelligence (AI)

Warehousing

Omniful is a fast-growing B2B SaaS startup. We specialize in omnichannel retail, retail, and logistics technology solutions.

Journify

Enterprise Software

Data Integration

Journify is an innovative platform designed to empower businesses by seamlessly activating their first-party customer data across major ad networks and marketing tools. Our solution help performance marketers optimize data match rates, enhance ad targeting, and drive exceptional growth.

AILA

Education

EdTech

E-Learning

Generative AI

AILA is an innovative ed-tech startup transforming the education landscape through the power of artificial intelligence.

HashMove

Logistics

Shipping

HashMove is transforming logistics by simplifying global, multimodal, end-to-end logistics through its smart innovative digital platform where shippers and service providers can connect and transact seamlessly

Wadaie

Service Industry

Islamic Finance

Wadaie is a fintech company that simplifies Sharia-compliant time deposit investments by enabling direct access to all banks licensed by the Saudi Arabian Monetary Authority, helping investors achieve competitive returns efficiently without managing multiple banking relationships.

Wadaie, a Saudi Arabian company founded in 2022 by Abdullah Alandas, Rayan Altuwayjiri, and Abdulrahman Alhawas, has raised pre-Seed funding. The company offers a platform that connects depositors with all banks in Saudi Arabia, allowing them to earn high returns on Shariah-compliant time deposits without opening new accounts. The platform also helps banks access new markets and expand their client base. Wadaie's business model supports the Financial Sector Development Program's goals to expand savings and investment products and enhance trust.

Saudi Arabia’s Wadaie raises pre-Seed funding

Okadoc, a healthtech startup in the UAE, raised $10 million in a Series B funding round. The round was led by ADQ, Alesay Group, Bassem Ibrahim Hail Saeed, Builders Ventures, Bunat Ventures, Bupa Arabia, Club 49, iGan Partners, and Now Invest. The startup, founded in 2018 by Fodhil Benturquia, is a patient engagement platform that connects patients with healthcare providers and doctors. With this funding, Okadoc's total capital raised is $22.3 million.

These two healthtech startups in the UAE received most funding in 2022

Hakbah, the leading Saudi-based fintech savings platform, announces its successful $5.1 million Series A fundraise.

The funding round was led by VentureSouq, the MENA-based venture capital firm with a global portfolio.

Also participating were new investors M-Capital and Bunat Ventures and existing investors Global Ventures and Aditum Investment Management Ltd.

Hakbah is one of MENA’s fastest-growing startups and operates in KSA’s $216 billion savings market.

The company has recorded an 18x increase in total savings under management and a 4x increase in revenue this year, struck several blue-chip partnerships with the likes of Flynas, the national low-cost airline in Saudi Arabia and the Middle East, and has a customer base of over 500,000 users (of which 70% are between 21 and 35 years old).

Proceeds from the Series A funding round will be used for further product development, with a strong focus on machine learning and further developing the company’s easily integrable savings engine.

Capital will be ring-fenced to attract and nurture the region’s best talent and strengthen Hakbah’s position as the region’s leading savings platform.

The company also anticipates entering two regional markets in the near future, either via partnership or a strategic alliance.

Hakbah’s social savings platform, which strengthens financial inclusion and fully integrates with any banking system in less than a week - includes the digitization of traditional group savings (Jameya) with the purpose of spending on financial needs.

Popular in over 60 countries worldwide, savings groups are a popular and traditional savings behaviour.

Hakbah’s users prioritise total needs over time and share the pool of money - which is rotated amongst them.

This elevates traditional savings behaviour, allows saving for purpose, and increases financial literacy.

The company also anticipates entering two regional markets in the near future, either via partnership or a strategic alliance.

Hakbah’s model tackles the Middle East savings crisis.

Savings are a key strategic objective in ‘Saudi Vision 2030’ and critical to the country’s Financial Sector Development Programme. 70% of Saudi citizens are without emergency savings, while the country’s household savings rate averages just 1.6%. 

Naif AbuSaida, the founder of Hakbah, said: “We are grateful and happy to announce our Series A funding round and to enjoy the trust of both our new and existing investors. This demonstrates our success in delivering Hakbah’s strategic goals and will help to accelerate our growth plans and financial stability for individuals. We’re working to build a savings platform via which individuals can save easily, quickly, collectively, and with impact—on our mission to double the individuals' savings ratio in Saudi Arabia by 2025. With the sizeable savings groups and household savings markets and 60% of the population under 30, there is a significant opportunity for efficient, digital solutions to transform Saudi Arabia’s savings habits.

"The support from esteemed organisations such as the Saudi Central Bank, the Digital Government Authority, Monsha'at, the National Technology Development Programme, and Saudi Fintech is vital in our pursuit of growth and innovation. By leveraging machine learning and customer behaviours, we aim to develop cutting-edge savings products that cater to the unique needs of our customers."

Musaab Hakami, General Partner, Fintech, of VentureSouq, said: “We are thrilled to lead this funding round in one of MENA’s most exciting startups and to work with Naif and his team in their mission to modernise financial savings and increase financial inclusion. Hakbah has a truly innovative product, a compelling market, and a track record of delivering on its growth promises. We look forward to supporting the company’s continued scaling.”

Hakbah Secures $5.1 Million in Series A Funding Led by VentureSouq

Hakbah, the leading Saudi-based fintech savings platform, announces its successful $5.1 million Series A fundraise.
The funding round was led by VentureSouq, the MENA-based venture capital firm with a global portfolio. Also participating were new investors M-Capital and Bunat Ventures and existing investors Global Ventures and Aditum Investment Management Ltd.
Hakbah is one of MENA’s fastest-growing startups and operates in KSA’s $216 billion savings market. The company has recorded an 18x increase in total savings under management and a 4x increase in revenue this year, struck several blue-chip partnerships with the likes of Flynas, the national low-cost airline in Saudi Arabia and the Middle East, and has a customer base of over 500,000 users (of which 70% are between 21 and 35 years old).

Saudi fintech Hakbah raises $5.1 million Series A

Saudi Arabia-based quick commerce startup Ninja, has raised a pre-Seed round led by Bunat Ventures, along with multiple VCs from the region, the US, and family offices in Saudi.
Founded by Saud Al Qahtani and Canberk Donmez, Ninja is a quick-commerce (q-commerce) offering the delivery of groceries and other products in under 25 minutes from its network of “dark stores”. Besides grocery, the startup's product category also includes beauty and skincare items and pet food and supplements.  
The startup came out of stealth model four months ago and is now operating in Jeddah, Riyadh and the Eastern Province of the country.

Q-commerce startup Ninja raises pre-Seed round

In December 2022, Ninja raised $30 million in a seed round, achieving a post-money valuation of $180–200 million. Now, with its latest round, the company is eyeing an ambitious valuation of over $1 billion.

Saudi Quick Commerce Startup Ninja eyes $1B+ Valuation in New Funding Round

Jadwa Investment, a leading investment management and advisory firm in the Middle East, today announced it has led a USD 50 million investment round in PetroApp, Saudi Arabia’s leading fuel management platform, through its flagship blind-pool vehicle, Jadwa GCC Diversified Private Equity Fund. Bunat Ventures, a regional venture capital firm, also participated in the round.

Jadwa leads $50 million investment in Saudi fueltech PetroApp

PetroApp, a Saudi-based company operating a fleet and fuel payment management platform, has raised $50 million in a new funding round led by domestic VC firm Jadwa Investment.

Jadwa led the round through its Jadwa GCC Diversified Private Equity Fund. PetroApp stands as the fifth investment made since the blind-pool vehicle launched in late 2024. Regional investor Bunat Ventures also participated.

Bunat Ventures

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

Statistics

Sectors we invest in

Top 4 sectors we invest in

Portfolio Companies
or Investments

Executive Team Members

Bunat Ventures

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

Statistics

Sectors we invest in

Top 4 sectors we invest in

Portfolio Companies or Investments

Executive Team Members

Portfolio Companies
or Investments