Pre-Seed

Seed

Series A

Unknown Series Round

Series B

Pre-Series A

Others

Debt Financing

Grant

Al Khobar

Ali Ahmed Abussaud

Hussain Almarhoon

Qussay Abussaud

If you're ready to take your business to the next level with HALA Ventures, we want to hear your pitch.

Investment in Startup

Learn about HALA Ventures: their portfolio, investment strategy, and industries of focus. Insights at Lucidity Insights.

HALA Ventures

Deeptech

Fintech

E-Commerce

Software Dev/Test

Retail & Wholesale

Logistics & Storage

Education

AI/IoT

HALA Ventures is a Saudi VC firm which started operating in 2014 under the umbrella of its affiliate company, Financial Horizon Group, as a Corporate Fund investing in various Asset-Classes including Venture Capital. HALA Ventures was later established as a stand-alone VC firm in 2018, with offices in both Khobar & Riyadh.

Riyadh

Tamara

Payments

Retail

Financial Services

Shopping

Digital Payments

Tamara is the leading fintech platform to shop, pay and bank in Saudi Arabia and the wider GCC region, and Saudi’s first fintech unicorn.

D360 Bank

Banking

Finance

Digital Banking

Mobile Apps

D360 Bank is a shariah-compliant Saudi digital bank that aims to provide the best financial experience in the Kingdom.

Copenhagen

Conferize

Support & Management Services

Event Management

Events

Social Network

Dubai

Augmented Reality

Art-Media-Entertainment

Digital Media

Virtual Reality

VUZ is a social app that allows users to stream and experience XR and the Metaverse.

Rize

Real Estate

Proptech

Property Development

Residential

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

Sarwa

Sarwa is an online platform that makes investing in global markets simple and affordable for investors in the Middle East.

Karachi

Krave Mart

Consumer Goods

Delivery

Krave Mart - Your one-stop online delivery store for groceries, everyday essentials and much more! Best app to get almost anything within 10-15 minutes with very little delivery charges. The grocery items especially the vegetables and fruits are always fresh.

Nearpay

Predictive Analytics

Mobile Payments

Software

NearPay is a Saudi Fintech company that provides Payment Infrastructure as a Service

Cairo

intella

Business Intelligence

Database

PaaS

Artificial Intelligence

Intella is a data-tech company that specialize in unlocking valuable insights trapped within conversations. Intella's  Arabic-first speech-to-text engine can transcribe speech from 25 different Arabic dialects with an impressive 95.7% accuracy rate.

Torod

Logistics

Information and Communications Technology (ICT)

Delivery Services

Shipping

Developer APIs

Live Tracking

Torod is an API aggregator that helps E-store owners choose the optimal shipper based on price, insurance, destination, and item value, all with a one-click setup.

Kaso

Restaurant

Marketplace

Kaso (formerly ElKaso) is an online B2B platform that facilitates order processing and communication between restaurants and suppliers.

Amman

POSRocket

Intelligent Systems

Point-of-Sales System

Traditional cash registers are a thing of the past. POSRocket modernizes this near-obsolete system by providing business owners with an intuitive, user-friendly, cloud-based point-of-sale (POS) platform.

Telfaz11

Entertainment

Talent Management

Media Production

Film Production

Telfaz11 is a creative media production company with offices in Saudi Arabia and the UAE specializing in locally-relevant entertainment content from the Middle East.

Dailymealz

Food Delivery

Food and Beverages

IT Services and Solutions

Information Technology

Dailymealz is an application that delivers food from the best restaurants to the appreciated clients in order to save their time and effort wasted in ordering directly from the restaurants day after day.

Raqamyah

Peer-to-peer Lending

Raqamyah is a Sharia-compliant crowdlending platform licensed by the Saudi Central Bank (SAMA) and subject to its supervision and regulation.

Omniful

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.

Democrance

Insurance

Insurtech

Insurance Technology

Democrance is an insurance technology company that offers insurance and protection to the 99% uninsured population in the region.

WideBot AI

Machine Learning

Chatbot

Generative AI

WideBot with its AI-generative model, ‘AQL’ Large Language Model (LLM), is here to empower governments and enterprises with AI-powered solutions to optimize operations, enhance customer experience, and drive innovation across the MENA region.

Buseet

Ride Sharing

Transportation

Buseet is a shared mobility startup focusing on fixing the daily commute for whole family members.

Eventtus

Guides

Meeting Software

Social Media

Eventtus is an engagement platform to manage events, sell tickets and build an interactive event app in few minutes.

Subsbase

Apps

Consulting

Subsbase is a MENA-based SaaS platform that helps businesses of all sizes manage subscriptions and recurring revenue with automated billing, localized payment integrations, and flexible plans.

Sanad Cash

Sanad Cash is MENA's  first All-in-One Spend Management tailored for Startups, SMEs and Corporates.

Enhance Ventures

Web Development

Internet

Mobile

Enhance is a venture builder that develops web and mobile-enabled businesses for the Middle East, North Africa, Pakistan and Turkey.

Super Commerce (El-Dokan)

Super Commerce, previously known as El-Dokan, is an e-commerce customization software designed for medium-sized and large chain businesses in MENA.

Paymennt

Payment

Crypto

Paymennt is a mobile-first payments platform allowing businesses to accept payments online, in person, or through payment links.

PointCheckout

PointCheckout develops an online payment platform intended for loyalty and reward points.

Abu Dhabi

Lamsa

Digital Entertainment

E-Learning

EdTech

Lamsa Kids World is a state of the art digital service tailored for children availing a world of creativity and imagination! Delivering

Giza

CreditFins

CreditFins is MENA's first platform to offer a credit card (CC) management solution that helps customers optimize their usage, spend less, earn more rewards, and become more financially savvy.

Super Commerce

Enterprise Software

California

Bondai

Leisure

Tourism

Travel

Bevy

Communities

Cura Analytix

testes

THUWAL: Business development funding to the tune of $1.1 million has been dished out to 11 innovative startups as part of a Saudi-led enterprise program. Following founder presentations, the global judging panel, including investors from Sukna Ventures, Falak Investment Hub, and HALA Ventures, selected 10 startups to each receive $100,000.

Saudi uni, bank select 11 startups for $1.1m in funding

Following founder presentations, the global judging panel including investors from Sukna Ventures, Falak Investment Hub, and HALA Ventures, selected 10 startups to receive $100,000 in funding each. Chosen startups are: Lablabee, Widebot, Osool, Cubex, etc

KAUST awards $1.1 million in funding to 11 startups

Hala ventures's portfolio page

SubsBase, an Egypt-based subscription and recurring revenue management platform, has closed a $2.4 million Seed funding round. The round was led by Global Ventures, with participation from HALA Ventures, P1 Ventures, Plus Venture Capital (+VC), Plug and Play, Ingressive Capital, Camel Ventures, and existing investors Falak Startups and Arzan Venture Capital. The funds will be used to accelerate product development and support expansion across the MENA region.

Egypt's SubsBase closes $2.4 million seed round

The Saudi-based “e-commerce shipping easier” platform, Torod announced the closing of its Seed round at SAR 5 million ($1.33 million), led by IMPACT46 with the participation of local investors including Hala Venture & Seedra Venture. 

Founded in early 2022 by Faisal Almaklas and Ammar Almaatouq, bringing together deep expertise in e-commerce & logistics spaces, enabling fast and cost-effective shipping for D2C retailers with the ability to manage & track the orders through a single interface by Torod.

Torod lies in serving the pain points in the transportation and logistics cycle as the result of the extensive growth of the e-commerce space. By providing an encompassing post-order management experience, Torod is easing the burden of merchants' supply chain. The platform technology, helps merchants seamlessly choose the best method suited for the shipment from a wide range of courier partners local and international including SPL, J&T, SMSA & DHL, with real-time order tracking and returns management. 

“Post the covid pandemic the number of online buyers jumped and many businesses moved to online selling and that comes with a higher expectation from the shoppers for good delivery service. To meet these expectations, e-commerce has to enhance the delivery checkout experience and make sure it’s backed by the best-fit delivery partner reflecting the same values merchants are aspiring to. Here Torod comes to help the merchants control and monitor the whole process by catering to customers' variant needs” Added Faisal Al Mukhles, CEO & Co-founder of Torod.

Soon after the platform launch at the beginning of 2022, Torod was awarded the best shipment tracking solution in the Kingdom and received the MIT university award as one of the 3 best innovative solutions in the region. 

Mohammed Alnasyan from IMPACT46 commented on the investment “With the fast growth that the e-commerce industry is witnessing in our region, there come new challenges and problems that require new solutions to serve and keep up with changing consumer behaviour. Torod enables this industry by providing new innovative solutions for merchants and logistics companies to ultimately enhance the customer experience. Torod team, led by Faisal Almukhles and Ammar Almaatouq, comes with a unique and complementary experience in e-commerce and logistics that we believe is important to realize Torod’s vision.”

Hussain Almarhoon from Hala Venture commented “The e-commerce sector is one of the highest growing sectors locally and globally, and that is why we, in Hala Ventures, were keen to invest in the sector by enabling merchants through Torod platform, which seeks to make the shipping process easier and faster. We believe that Torod will be an added value to e-commerce platforms, as they provide ease of connection with various shipping companies with transparent contracts that suit the needs of merchants.”

With the freshly infused capital, Torod is looking to deploy it to accelerate its mission of enabling a fast and cost-effective shipping process for D2C retailers and enhancing the post-order experience for the merchants and the consumer on another hand.

Torod raises $1.33 million Seed round led by IMPACT46

The Saudi-based “Ecommerce shipping easier” platform, Torod, announced the closing of its Seed round led by IMPACT46 with the participation from local investors, including Hala Venture & Seedra Venture. 

With the freshly infused capital, Torod is looking to deploy it to accelerate its mission in enabling fast and cost-effective shipping processes for D2C retailers and enhance the post-order experience for the merchants and the consumer on another hand.

Saudi E-commerce fulfillment platform, Torod raises 5 Million SAR in Seed round led by IMPACT46

Torod has raised $11.2 million in a pre-Series A round led by Wa’ed Ventures and Elm, with the participation of Impact46, Hala Ventures, and Suhail Ventures. The startup had previously raised a $1.3 million seed round in 2022.  Founded in 2022 by Faisal Almaklas and Ammar Almaatouq, Torod is an e-commerce shipping aggregator that enables online store owners to ship their products using different third-party logistics providers from a single interface. The platform also allows businesses to track their orders from the same interface and offers different automation features

Saudi ecommerce shipping aggregagtor Torod raises $11.2 million pre-Series A

Saudi-based on-demand payment and spend management platform Sanad Cash, Inc. has raised a $1.6 million Seed round with participation from Impact46 seed fund, BIM ventures, Hala ventures, Derayah ventures, and a distinguished list of angel investors in KSA.

Sanad Cash was founded in 2020 by Sultan Alhugail, Mahmoud Iswiad, and Shorhabel Ghoneim and they are batch one alumni from Sanabil 500 accelerator. Sanad Cash offers small to medium-sized businesses (SMBS) and corporates a SaaS platform to help them track all of their spendings, and initiate on-demand payments for employees and others with just a few clicks.

“Sanad Cash vision is to introduce one a stop shop for all SMBs day to day financials by offering them global standard digital tools at a reasonable cost. Our partnerships with existing financial institutions will help us to introduce what we call an all-in-one new financial system that includes a corporate card, a spend management software, and a business account in one easy dashboard,” Says Mahmoud Iswiad, co-founder and CEO of Sanad Cash. 

“SMBs are the nerve of our economy and they represent not less than 90 per cent of business and more than 50 per cent of the employment in Saudi Arabia. We are witnessing a real need in KSA SMBs ecosystem to adopt more digital tools and move towards a cashless society which is a main pillar of the kingdom 2030 vision,” Says Sultan Al-Hugial, co-founder and chief commercial officer.

He added, “Our mission is to be the number one enabler for efficient and cost-effective on-demand payment and spend management in Saudi Arabia and the Middle East.

Sanad Cash will utilise its funding round to strengthen its position in the KSA market and acquire new local talents across multiple fronts. 

We are extremely thankful to all of the investors who participated in this round and our legal firm Levari for leading the legal front in this round and the previous pre-Seed round as well.

Saudi fintech Sanad Cash raises $1.6 million Seed round

Intella, the Middle East and North Africa’s first real-time intelligence provider, has announced a $1 million seed funding round led by Hala Ventures and Falak Startups, with participation from the Egyptian Ministry of International Cooperation and its venture capital arm, Egypt Ventures, as well as the Egyptian Ministry of International Cooperation. Other investors have also contributed to the investment, including Beyond Capital and a number of well-known angel investors.

Egyptian Market research startup, Intella completes $1 million Seed round for expansion

Intella has secured Seed funding led by HALA Ventures and Wa’ed Ventures, with participation from Sanabil 500 and INSEAD's alumni angel network. The funds will support Intella's expansion into the Saudi market and the development of AI models for the Mena region. Intella plans to relocate its headquarters to Saudi Arabia to leverage the growing tech scene. Their voice technology, tested on over 30,000 hours of Arabic audio, achieved a 95.73% accuracy rate, surpassing major tech companies. The funding will help Intella enhance its product suite and solidify its leadership in Arabic voice technology.

Intella secures $3.4 million pre-Series A round led by HALA Ventures, Wa’ed

Intella, an Egyptian deeptech startup, has secured $3.4 million in a pre-Series A funding round. The round was led by HALA Ventures and Wa’ed Ventures, with participation from Sanabil 500 and INSEAD's alumni angel network, among others. Founded in 2021, Intella provides real-time market research and plans to use the new funding to expand into the Saudi market and develop AI models for the MENA region.

Dabafinance - Egyptian deeptech Intella closes $3.4m pre-Series A round

Egyptian deeptech startup Intella has raised $3.4 million in a pre-Series A funding round to expand into the Saudi market and develop AI models for the MENA region. The round was co-led by Hala Ventures and Wa’ed Ventures, with participation from Sanabil 500 and INSEAD’s alumni angel network. Intella has moved its headquarters from Cairo to Riyadh.

Egyptian deeptech startup Intella raises $3.4m pre-Series A funding round

Egyptian AI startup Intella has raised $3.4 million in a pre-series A funding round led by Saudi-based HALA Ventures and Wa’ed Ventures, the venture arm of Aramco. The funding will support Intella's expansion into the Saudi market and the development of AI models for the Middle East and North Africa. Intella plans to relocate its headquarters to Saudi Arabia and focus on advancing its Arabic-focused voice technology, which has achieved a 95.73% accuracy rate. Other contributors to the funding round include Sanabil500 and INSEAD’s alumni angel network.

Egyptian AI startup Intella raises $3.4m from Saudi investors

Considered MENA’s first provider of first real-time intelligence, Egypt’s Intella is quickly gathering attention for the new opportunities it can unlock for market research. The startup has just announced the raise of a $1 million Seed round, led by Falak startups and the Egyptian Ministry of International Cooperation’s venture capital arm, Egypt Ventures. Beyond the borders of its home market, however, the round also saw participation from New York-based impact investment fund, Beyond Capital, and a number of unnamed angel investors.

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HALA Ventures

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