Seed

Pre-Seed

Series A

Others

Series B

Pre-Series A

Africa

Rest of World

Levant

Asia (ex. GCC & Levant)

Europe

Al Khobar

Ali Ahmed Abussaud

Hussain Almarhoon

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

Series C

Tamara

Payments

Tamara offers a buy now, pay later platform that enables customers to pay in installments.

Copenhagen

Conferize

Support & Management Services

Event Management

Events

Social Network

Rize

Real Estate

Proptech

Property Development

Residential

Rize is a platform that facilitates the rental process through the “Rent Now, Pay Later” feature that provides flexibility to tenants and supports the growth of real estate technology in the Kingdom of Saudi Arabia.

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.

Sarwa

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

Nearpay

Nearpay is a FinTech company providing payment acceptance solutions to banks, payment providers and startups.

Kaso (Elkaso)

Restaurant

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

Karachi

Krave Mart

Consumer Goods

Delivery

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

Media

Entertainment

Talent Management

Media Production

Specializes in the fields of talent management, comedy, entertainment, content creation, and storytelling

Dailymealz

Food Delivery

Healthy food subscription app, delivers fresh, healthy, and tasty meals.

Omniful

Omniful offers a SaaS for brick-and-mortar retailers to prepare and ship online orders directly from the store.

Raqamyah Platform

Raqamyah Platform is a regulated peer to peer (P2P) financing platform by Saudi Arabian Monetary Authority (SAMA).

Cairo

Grant

intella

intella is a visibility and insights provider that delivers intelligence to businesses in real time.

Eventtus

Guides

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

Subsbase

IT & Communication

The first subscription management platform that caters to the MENA's subscription-based businesses.

Buseet

Ride Sharing

Transportation

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

Magnitt

Funding

Magnitt is a startup directory that connects investors, mentors, and emerging companies in the Middle East.

Sanad Cash

Finance

Sanad Cash helps employees relieve financial stress by getting them instant access to their salaries between paychecks.

Enhance Ventures

Web Development

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

Torod

Smart solutions for shipping and managing online store shipments

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.

Abu Dhabi

Lamsa

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

Democrance

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

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.

CreditFins

California

Bondai

Leisure

Tourism

Travel

D360 Bank

Banking

Financial Services

Bevy

Communities

SaaS

testes

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

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

Saudi Arabia-based buy now pay later (BNPL) startup Tamara, has secured a $6 million (SAR 22.5 million) seed round led by Impact46 with participation from Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala, and Nama, along with multiple family offices. This marks the largest seed round ever raised by a Saudi Arabian startup.

Founded by Abdulmajeed Alsukhan and Turki Bin Zarah and Abdulmohsen Albabtain, Tamara is the first Saudi Arabian fintech startup to acquire a sandbox licence to operate as a BNPL platform.

The fresh funds will help Tamra accelerate its growth plans as well as expand across Saudi Arabia and the UAE. Tamara’s top partners include: Namshi, Whites, Floward, Saif Gallery, Toys R Us in addition to the e-commerce enablers: Salla and Zid. The company has offices in Germany, UAE and Vietnam.

“We enable merchants to grow their sales and entice their customers with our buy now pay later and installment services that do not include any fees the customer has to pay. We strongly believe Tamara will be a game-changer for both merchants and customers. It will positively re-shape the purchasing power in the market”, said Abdulmajeed Alsukhan, CEO and co-founder of Tamara.

Abdulaziz Alomran, CEO of Impact46, added: “The fintech market is expected to reach $33 billion in transaction value by 2023. We believe that buy now pay later is an untapped area in this huge market, and we are proud to support the Saudi pioneers leading Tamara who will surely play a major role in the transformation and future of financial services in KSA & GCC.”

Tamara raises $6 million in seed funding

UAE-based Immersive video mobile app 360VUZ, has raised an undisclosed amount of funding as part of a bridge round from Knollwood, Impact46, and DAI. This latest investment brings the startup’s total funding raised to date to $8.4 million. According to Crunchbase, the company raised $7.2 million in its Series A round. 

Other investors include Shorooq Partners, KBW Ventures, Media Visions, AlTouq Group, Vision Ventures, Hala Ventures, 500Startups, Magnus Olsson, Samih Toukan, Jonathan Labin, DTEC Ventures, Plug and Play Ventures, Al Rashid family and other strategic angel investors.

Founded in 2017, The 360VUZ Teleporter mobile app has been adopted in more than 25 countries with a significant increase in user engagement and revenues month over month. The app leverages immersive media such as virtual reality (VR), augmented reality (AR) and extended reality (XR) to disrupt the telecommunications market.

In Q3 2020, 360VUZ signed agreements with more than 25 new telecoms companies from around the world covering markets such as the UK, Spain, Malaysia, Indonesia, Kuwait, Turkey, Morocco, Algeria, and South Africa. The new agreements were aimed to ease out the subscription for 360VUZ users around the globe and enhance their immersive experience.

“We believe that now more than ever our mission is vital to help people and businesses from all around the world by removing barriers of TTA (Travel, Time and Access) using our immersive platform and technologies,” said Khaled Zaatarah, founder and CEO of 360VUZ.

Recently, 360VUZ has introduced a set of features on a monthly basis such as the celebrity voice chat feature and VIP chat feature, connecting its users to celebrities.

With the new capital infusion, the company will be able to further develop its immersive video app proprietary technology and innovative features, expand its global reach, and offer more personalized experiences to build a hyper-connected world.

“360VUZ is uniquely positioned to build a global success story. The company has already demonstrated success in building an innovative product that is capable of being highly scalable to different geographies globally,” said Chris Rogers, 360VUZ board member and mobile industry expert.

“With the rise of the entertainment sector in Saudi Arabia, 360VUZ is in a great position to capitalise on this opportunity with its innovative technology and offer a full virtual experience. We’re excited to share the journey with the 360VUZ team, and admire their desire and determination to explore various areas of partnership with both local and international enterprises and introducing a product to serve a global scale,”  said Abdulaziz Alomran, founding partner at Impact46.

HALA Ventures

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HALA Ventures

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Funding Deals, by Region

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We Invest in Startups in the Following Stages

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