Series C

Series A

Pre-Series A

Series B

Others

Riyadh

Abdulwahab AlBetairi

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Investment in Startup

Pinnacle Capital: A key player in technology. Learn about their portfolio and funding focus at Lucidity Insights.

Alqimma Alawla (Pinnacle Capital)

Alqimma Alawla, previously Pinnacle Capital, is a visionary financial services provider offering a range of investment activities, including alternative investment management and arranging services, built with an aspiration to lead the evolution of Saudi Arabia's financial landscape.

Debt Financing

Tamara

E-Commerce

Fintech

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.

Dubai

Tarabut Gateway

Finance

Banking

Tarabut Gateway is the MENA region’s first and largest regulated Open Banking platform that connects a regional network of banks and FinTechs via a universal application programming interface (API). Tarabut Gateway's platform provides connectivity for data to flow between banks & fintechs, enabling collaboration and accelerated innovation,better products, services, and experiences for consumers.

Gathern

Hospitality

Travel

Technology

Marketplace

Rental

Gathern is a P2P vacation rental platform licensed by Saudi Arabian  Ministry of Tourism. Gathern offers a wide range of advantages for both Guests and Hosts.

Eat App

Food and Beverage

Restaurants

SaaS

Software

Mobile

Reservations

Apps

Eat App, founded by Nezar Kadhem and David Feuillard in 2015, is an industry-leading restaurant reservation and table management platform. Eat App provides cloud-based applications to restaurants for increasing efficiency and revenue through real-time restaurant reservations, automation, guest data management, and CRM.

Abu Dhabi

Alma Health

Healthcare

Healthtech

Alma Health is a digital health platform that simplifies the lives of people with chronic conditions and those who care for them by harnessing the power of technology.

PE Round

Food and Beverages

Abu Dhabi-based Alma Health has secured $10 million in a Series A funding round led by Knuru Capital and Hamro Oryx Fund, with participation from e& capital, S3 Ventures, Pinnacle Capital, and Khwarizmi Ventures. The funds will be used to expand regionally, particularly into Saudi Arabia, and to enhance their technological infrastructure. Alma Health aims to become a leading direct-to-patient healthcare provider focusing on chronic condition management, offering services like virtual consultations, home lab tests, and medication delivery.

"We Got Funded!" Abu Dhabi-Based Alma Health Secures US$10 Million In A Series A Funding Round Alma Health is a fully-verticalized digital healthcare provider dedicated to transforming the lives of individuals living with chronic conditions

Tarabut Gateway raised $32 million in a Series A funding round led by Pinnacle Capital, with participation from Aljazira Capital, Visa, Tiger Global, and other existing investors. The funds will be used to expand in Saudi Arabia, attract new talent, and form new partnerships. Tarabut Gateway aims to leverage open banking to reshape the financial landscape in the Middle East, particularly in Saudi Arabia.

Tarabut Gateway Raises $32 Million to Expand Saudi Open Banking

Tarabut Gateway, a MENA-based Open Banking platform, has raised $32 million in a Series A funding round. The round was led by Pinnacle Capital, with participation from Aljazira Capital, Visa, Tiger Global, and other existing investors. The funds will be used to expand Tarabut's presence in Saudi Arabia and support the country's Vision 2030 strategy. Visa will provide expertise in payment services, and Aljazira Capital emphasizes the importance of Open Banking in the region.

Tarabut Gateway closes Series A round at $32m

In what they are labelling a “post-seed round”, restaurant reservation app Eat has raised $2 million having worked tirelessly since 2014 to conquer not only their home market of Bahrain, but also the UAE.

Bahrain’s Eat raises $2M

Tamara, a buy now, pay later platform for consumers in Saudi Arabia and the wider GCC region, has raised $340 million in a financing round that values the fintech at $1 billion.

Saudi asset manager and financial institution SNB Capital and Sanabil Investments, a wholly owned company by Saudi’s sovereign wealth fund Public Investment Fund (PIF), led the Series C round. Other backers include Shorooq Partners, Pinnacle Capital, Impulse and others, joining existing investors such as Checkout.com. The round, composed of primary capital and a transaction of some secondary shares, is among the largest investments in a fintech in the region.

Alqimma Alawla (Pinnacle Capital)

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 7 sectors we invest in

Portfolio Companies
or Investments

Executive Team Members

Alqimma Alawla (Pinnacle Capital)

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 7 sectors we invest in

Portfolio Companies or Investments

Executive Team Members

Portfolio Companies
or Investments