Seed

Series B

Series A

Others

Debt Financing

Pre-Series A

Riyadh

Turki Aljoaib

Khaldoon Tabaza

Anas Elayyan

If you're ready to take your business to the next level with Rua Growth Fund, we want to hear your pitch.

Investment in Startup

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Rua Growth Fund

Support & Management Services

Software Dev/Test

Finance

Transportation

Foodtech

Rua Growth Fund is a result of a strategic partnership between Osool & Bakheet Investment Company and iMENA Group, aiming to spearhead innovative tech ventures in Saudi Arabia by supporting and funding promising startups.

Lucidya

Marketing/Sales

Enterprise B2B SaaS company that aims to reshape customer experience in the MENA region leveraging proprietary AI & NLP technologies.

Ula.me

Education

EdTech

Early Childhood Education

Artificial Intelligence

Children

Artificial Intelligence (AI)

ULA.me is dedicated to providing equal education opportunities for all children in the Arab world, especially those in underserved areas. Recognizing the gap between private and public school education, ULA aims to bridge this divide with personalized, high-quality learning using advanced technologies like AI, AR, and VR.

Dubai

Holo

Fintech

Proptech

Advisory and Consulting

Real Estate

Investment

Property

Financial Services

Loan

Holo is the first digital mortgage platform in the Middle East with access to over 500 mortgage products for free.

The Cloud

Other

Cloud Kitchen

It all started in 2019 in Abu Dhabi, United Arab Emirates, when Georges Karam and Kamil Rogalinski came together to disrupt the cloud kitchen scene. Foodies and tech lovers at heart, their past business experience and observations of how restaurants and food aggregators adopted the growing cloud kitchen trend, made them realise that things could be done better, faster, and at a much larger scale.

Intelmatix

Deeptech

Software

Intelmatix is a deep-tech AI company with a wide range of capabilities that address sector challenges by providing tailored solutions and unique products.

Ejari

Rental

Ejari is a Saudi real estate technology company that provides a rent now and pay later service for residential units.

ZenHR

Information Technology

ZenHR is a transformative HR experience created to help HR departments and employees reach a state of Zen.

Sifi

SiFi aims to assist companies get in control of their expenses.

Simplified Financial Solutions Company (SiFi)

Mobile Apps

Apps

SiFi is a corporate expense management platform that gives finance and accounting teams complete control and visibility over company spending.

Manama

CoinMENA

Financing Platform

Headquartered in the Kingdom of Bahrain, CoinMENA is a Sharia-compliant crypto-assets trading platform that is licensed and regulated by the Central Bank of Bahrain (CBB). Through CoinMENA, users can buy, sell, store, and receive digital assets safely and securely, as well as deposit and withdraw in their local currency.

Bonat

Business Intelligence

Food and Beverages

Retail

Marketing

IT Services and Solutions

Loyalty Programs

Customer Service

SaaS

Bonat is a customer retention platform that helps businesses reward loyalty, engage customers, and analyze feedback all in one place.

Carasti

E-Commerce

Internet

Internet Marketplace Platforms

Our vision at Carasti is to democratise access to cars, making it possible for everyone to drive a new car without the need to incur debt. Our innovative Subscription Model, is designed for the modern consumer who values convenience, transparency, and smart financial choices. Our digital-first approach ensures a seamless, hassle-free experience, allowing customers to focus on the joy of driving a new car every 6 months should they wish to do so.

Intelmatix, a deep tech B2B startup, raised $20 million in a Series A funding round led by Shorooq Partners, with participation from Olayan Financing Company, Rua Growth Fund, Saudi Technology Ventures, Saudi Venture Capital Company, Sultan Holdings, and Zain Ventures. The funding will be used to expand its AI platform, EDIX, which helps MENA businesses with decision-making by providing AI-driven recommendations. The startup plans to target medium and large businesses and public entities in the region.

Intelmatix raises $20M Series A to enable MENA businesses to tap AI for decision-making

Shorooq Partners led a $20 million Series A funding round for Intelmatix, with participation from investors like Saudi Venture Capital Company, Saudi Technology Ventures, Olayan Financing Company, Sultan Holdings, Zain Ventures, and Rua Growth Fund. Intelmatix, a deep tech AI company with offices in Riyadh, London, and Boston, offers Decision Intelligence technologies and aims to enhance enterprise decision-making with its Enterprise Decision Intelligence Platform (EDIX). The funding aligns with Saudi Arabia's focus on AI, highlighted by a $40 billion AI fund launched in March 2024.

Shorooq Partners Announces New Investment in Intelmatix

Intelmatix has secured $20 million in a Series A funding round, marking the largest AI Series A in the region. The funding coincides with Saudi Arabia's efforts to boost its AI sector, including a $40 billion AI fund. Intelmatix, founded by MIT scientists, aims to address the AI gap with its Enterprise Decision Intelligence Platform (EDIX), designed to be accessible to all enterprise users. Key investors and supporters include the Saudi Venture Capital Company, National Technology Development Program, Olayan Financing Company, and Shorooq Partners.

Intelmatix Secures $20M in Region’s Largest AI Series A Funding Round

Simplified Financial Solutions Company (SiFi) has closed a Seed funding round to enhance its spend management platform in Saudi Arabia. The funding will help SiFi improve its offerings, deliver more value to customers, and strengthen its position in the market. Investors include Sanabil Investments and RAED Ventures, who are attracted by SiFi's team, product, and the growing demand for financial management tools in Saudi Arabia. SiFi's affiliate, Alhulul Almobassatah Financial Company, has also received an EMI licence from the Saudi Central Bank, allowing it to offer e-wallet services.

SiFi closes $10 million Seed led by Sanabil Investments, RAED Ventures

Saudi Arabia-based Simplified Financial Solutions Company (SiFi) raised $10 million in a seed funding round to expand its operations in its home market. The round was led by Sanabil Investments and RAED Ventures. SiFi plans to use the funds to enhance its spend management platform and leverage its Electronic Money Institution license to offer services like e-wallets and smart corporate cards.

Spend management startup SiFi raises $10M to grow further in Saudi Arabia

Saudi Arabia-based fintech Simplified Financial Solutions Co. (SiFi) closed a $10 million seed round led by Sanabil Investments and RAED Ventures. Other investors included anb seed, Rua Ventures, Byld, KBW Ventures, Khwarizmi Ventures, Seedra Ventures, and Tech Invest Com. The funding will be used to enhance SiFi's offerings and solidify its position as a leading spend management solution in Saudi Arabia.

Startup Wrap — Saudi SiFi closes $10m round; MENA funding sees 413% MoM growth

The Cloud has secured $10 million in Series A funding led by Middle East Venture Partners (MEVP) and Olayan Financing Company, with participation from Rua Growth Fund. The funding will support The Cloud's expansion in the GCC and Europe and enhance its AI-powered kitchen matching platform. The company aims to expand into KSA and strengthen its market leadership in the cloud kitchen and virtual restaurant sectors.

Rua Growth Fund

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

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Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

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Rua Growth Fund

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 3 sectors we invest in

Portfolio Companies or Investments

Executive Team Members

About

Legal

Social Media

Portfolio Companies
or Investments