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Discover Tech Invest Com: funding sectors, portfolio highlights, and investment strategy. Explore profiles on Lucidity Insights.

Tech Invest Com

Fintech

E-Commerce

Healthcare

Support & Management Services

Foodtech

Marketing/Sales

Other

AI/IoT

Tech Invest Com focuses on enhancing shareholder returns by strategically investing in technology ventures across the MENA region, particularly within the GCC countries.

Foodics

Software Dev/Test

Finance

Predictive Analytics

Productivity Tools

Restaurants

Payments

Software

Accounting

Customer Experience

Foodics is the leading restaurant operations and payment tech in the MENA region, powering the operations of +30,000 restaurants with an all-in-one software ecosystem to manage and scale.

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.

Debt Financing

Retailo Technologies

Retail

Retailo is a digital distribution platform for retailers and restaurants that opens up access to 5000+ SKUs with next-day delivery and a plug-and-play solution for suppliers to distribute their products, leverage Retailo’s huge network of retailers, restaurants, and its distribution muscle across Saudi Arabia.

Dubai

Bayzat

Insurance

Bayzat is a technology SaaS company that provides insurance, payroll, and human resources solutions for businesses.

Merit Incentives

Merit Incentives is a global engagement technology and solutions company that helps businesses boost customer and employee engagement through its innovative enterprise solutions.

The Luxury Closet

Fashion

The Luxury Closet is an online marketplace for buying, selling, and consigning pre-owned luxury items at discounted prices.

Mumzworld

Mumzworld.com stands as the Middle East's premier e-commerce platform catering exclusively to the needs of mothers, babies, and children, with a vast selection of over 200,000 products from 2,000 global and regional brands.

Jeddah

Pre-Series A

Quantum Platform

Computer Vision

Intelligent Systems

Data Mining

Marketing

Data Center

Quantum is a Saudi Adtech enabler bridging between online publishers and advertiser with the power of tech and data.

Sifi

Financial Services

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.

Crowd Analyzer

Analytics

Product Research

Digital Media

Big Data

Digital Marketing

Crowd Analyzer offers tools for brands and agencies monitor, analyze, and activate digital crowds.

Globitel

MBUZZ

Digital & ICT

Cybersecurity

Artificial Intelligence (AI)

Consulting

MBUZZ is an ICT company that provides cyber security, artificial intelligence, IoT, and consulting services.

Estarta

Telecommunications

Information Technology

Etisalat

Inaya Medical Colleges

Education

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VTEL Holding

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Syriatel

Alfan

Art-Media-Entertainment

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Alfan is a Content Creator solutions platform, providing the best tools and solutions to help content creators run their business. With over 600 content creators partnered with Alfan and access to 30+ social platforms such as YouTube, Tik Tok, Spotify and Instagram to name few. With offices in Dubai, UAE and Toronto Canada, Alfan is the platform for creators connecting them with social platforms, brands and fans.

UAE-based Merit Incentives, a customer and employee engagement platform, has raised $5 million in a Series A round led by Saudi’s Impact46 along with Tech Invest Com, Arzan VC, Hambro Perks Oryx and several regional angel investors. 
Founded in 2016 by Julie Barbier-Leblan, Merit Incentives began as a B2C gifting solution and has expanded to offer B2B engagement tools and technologies.
It now operates its own rewards network of 5,000 partner brands across 100+ countries, with 500+ retailers and merchants in the GCC. Its clients including Riyad Bank, Vodafone, Mubadala and Amazon and claims to have 20 million end-users globally.
Merit Incentives plans to use this funding to grow its team into new territories and invest in its technology.
The company has offices in Saudi Arabia, Kuwait, Egypt, Jordan and UK, along with a technology lab and development team located in Pakistan. Merit expects to triple its research and development resources across offices by the end of 2022.
Press release:

Merit Incentives, a leading developer of innovative customer and employee engagement solutions announced a $5 Million Series A investment round, led by Riyadh-based venture capital fund Impact46 along with Tech Invest Com, Arzan VC, Hambro Perks Oryx and several regional angel investors. 

What started as a B2C gifting solution has expanded to become one of the most engaging technology and consulting firms specialized in developing the latest B2B engagement tools and technologies. Currently, Merit offers its B2B2C services to a diverse portfolio of large enterprises, including Riyad Bank, Vodafone, Mubadala, Adidas and Amazon.

Merit Incentives’ products include Rewardsby, a Software as a service (SaaS) loyalty and rewards marketplace made up of nine distinctive engaging redemption modules, and GiftCardsby - the most advanced SaaS digital gift card platform on the market, enabling instant sales and redemptions from retailers.

Julie Barbier-Leblan, CEO and Founder of Merit Incentives said: “We are thrilled to have received strong support from such prominent investment firms. While we had the option of securing international investors our ambition has always been to raise funds from within the region, as this is where our business first launched. We believe in the Middle East’s fast-growing market which allows us to serve our international clients’ needs with agility and efficiency.” 

The engagement startup operates its own rewards network of 5,000 partner brands across 100+ countries, with 500+ retailers and merchants in the GCC alone, making it a firm that delivers on its promise of ‘thinking globally, acting locally’. In a sign of Merit Incentives’ bright future ahead, it recently surpassed a landmark milestone of 20 million end-users globally

“We are amid a new era where users require unique yet meaningful experiences with companies they like and trust. It has now become imperative for businesses to engage directly with their customers, and internally with their employees, to create a constant dialogue and emotional bond at every touch point. We believe that the key to success is for leaders and managers to be able to align customer and employee engagement to support their vision, using SaaS technologies, and strong digital content, and Merit Incentives is uniquely positioned to accomplish just that,” Barbier-Leblan continued. 

“With the team led by Julie and talented individuals from various backgrounds in tech, banking, & retail. Merit is set to tackle a great opportunity within the business engagement technology sector. The company has been able to expand within the GCC with a global mindset while maintaining a good grasp of the local enterprise and SME market.” said Basmah Al Sinaidi, partner at Impact46.

Merit Incentives plans to use this funding for the growth of their team into new territories, and further investment in technology, building on the existing artificial intelligence and machine learning capabilities of its solutions. 

In addition to its headquarters in Dubai, the company has offices in Saudi Arabia, Kuwait, Egypt, Jordan and UK, along with a technology lab and development team located in Pakistan. With a strong focus on in-house development, Merit expects to triple its research and development resources across offices by the end of 2022.

Merit Incentives announces $5 million Series A round led by Impact46

Merit Incentives has successfully raised $12 million in an oversubscribed pre-Series B funding round, surpassing its initial goal of $5 million. The round was led by Alistithmar Capital i-Cap and included participation from existing Series A investors such as Tech Invest Com and Hambro Perks Oryx Fund. The funds will be used to enhance Merit's customer engagement technology and expand its operations, particularly in Saudi Arabia, where it plans to triple its distribution of rewards and gifts in 2024. The Saudi Investment Bank's newly launched SAIB Venture Studio also participated in the investment, marking its first venture into supporting innovative digital solutions.

Next-gen global engagement tech leader Merit secures $12M, surpassing $5M Goal in Oversubscribed Pre-Series B Financing

Merit, a customer and engagement technology company based in Riyadh, Saudi Arabia, raised $12 million in Pre-Series B funding. The round was led by Alisthithmar Capital i-Cap, with participation from existing Series A investors including Tech Invest Com and Hambro Perks Oryx Fund. The company plans to use the funds to expand operations and development efforts.

Merit Raises $12M in Pre-Series B Financing

Merit Incentives, a Riyadh-headquartered rewards and engagement platform, raised $12 million in an oversubscribed pre-Series B round. The round was led by Alistithmar Capital i-Cap, the investment arm of The Saudi Investment Bank, with participation from existing investors Tech Invest Com and Hambro Perks Oryx Fund. Originally planning to raise $5 million, the funds will support Merit's expansion and strategic projects, particularly in Saudi Arabia's tech innovation ecosystem.

Saudi’s Merit raises $12 million pre-Series B for its customer rewards and engagement platform

Merit Incentives, a developer of customer and employee engagement solutions, secured a $5 million Series A investment round from Saudi-based venture capitalists, led by Riyadh-based VC fund Impact46.

Dubai's Merit Incentives secures $5m funding to fuel Middle East expansion

Merit Incentives, a technology solutions and loyalty management company, announced the closing of a $28 million Series B funding round from Investment Capital, Stride Ventures, Tech Invest Com, and Oryx Fund.

Merit Incentives Closes $28 Million Series B

Foodics, a Saudi cloud-based point-of-sale system for F&B businesses has raised $4 million in fresh funds, the startup announced today. The Pre-Series B investment comes from Riyadh Taqnia Fund (RTF), Kuwait-based Fatih Capital, and Riyadh-based Tech Invest Com and Naseel Holding. The round takes Foodics’ total investment raised so far to $8 million. The startup had raised its $4 million Series A in 2017.

Saudi-based Foodics raises $4 million to expand its point-of-sale software for restaurants to all types of retail businesses, will also launch a payment processing device

Crowd Analyzer secures US$3.5 M in series A funding - ITP.net
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Posted inNetwork Infrastructure
Crowd Analyzer secures US$3.5 M in series A funding
Social media data analysis startup to invest in new AI and ML technologies
!Image 5by ITP StaffNovember 26, 2019January 3, 2025
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!Image 6: Crowd Analyzer secures US$3.5 M in series A funding
Crowd Analyzer software analyses publicly available data from social media platforms and news websites to provide market insights to clients.
!Image 7by ITP StaffNovember 26, 2019January 3, 2025
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Dubai-based data analytics platform and social media monitoring platform, Crowd Analyzer has raised over US$3.5 million in Series A funding from venture capital firms based in the UAE, Saudi Arabia and Kuwait.
The funding was led by Tech Invest Com, and included Wamda Capital, Arzan VC, Faith Capital and Daring Capital.
Crowd Analyzer software analyses publicly available data from social media platforms and news websites to provide insights to clients who want to understand trends and digital conversations. Since inception in 2014, it has raised a total of US$5.09 million in funding.
The Series A funding secured by Crowd Analyzer will boost the platform’s AI and machine learning capabilities. Meanwhile, commercially, the funds will expand its presence in Saudi Arabia and Egypt, as well as some of the smaller GCC markets. In addition, the funds will also be used to recruit Saudi local talent.
To date, the Crowd Analyzer customer base includes major corporations in the MENA region, including Etisalat, Jaguar Land Rover, PwC, Huawei, DHL, L’Oreal, Saudi Ministry of Health and Exxon Mobil.
Tagged: Crowd Analyzer, data analytics, Social Media, Social Media Monitoring
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Crowd Analyzer secures US$3.5 M in series A funding - ITP.net

Investments Dubai’s Crowd Analyzer raises over $3.5 million Series A for its Arabic-focused social media monitoring platform By Zubair Naeem Paracha Posted on November 27, 2019 - Like & Follow Us Follow @MENAbytes Share Tweet Share WhatsApp Email 0 Shares Crowd Analyzer, a Dubai-based Arabic-focused social media monitoring platform that was born in Egypt in 2013 has raised over $3.5 million in a Series round, Wamda reported yesterday. The round was led by Saudi-based Tech Invest Com with participation of Wamda Capital, Arzan VC, Faith Capital, and Daring Capital. It takes total investment raised by Crowd Analyzer to $5.09 million with its previous round of $1.1 million coming in last year. Founded by Ahmed Saad and Baha Galal, Crowd Analyzer uses machine learning, artificial intelligence, and natural language processing to analyze content and conversations on social media (Facebook, Twitter, Instagram, Youtube, and even publications) uses machis an Arabic-focused social media monitoring tool that analyzes content and conversations for sentiment and relevance, to help brands understand how they’re doing online, and use this data to create social media campaigns and marketing strategy. The startup monitors mention of a brand (its customer) in different Arabic dialects including Egyptian, Khaleeji (Gulf), Levantine and standard Arabic to help businesses understand which dialect is performing the best with up to 90% accuracy rate. Crowd Analyzer, according to the report, plans to use the investment to accelerate its AI and machine learning capabilities and expand its presence in Saudi, Egypt and some other GCC markets. Ahmed Saad, co-founder and Chief Executive Officer at Crowd Analyzer, speaking to Wamda, said, “As the first Arabic-focused social media monitoring platform, Crowd Analyzer continues to offer indispensable intelligence to companies and brands in the region, helping them to know, understand and access their consumer base quicker and easier than ever before.” “By the end of the Series A funding cycle, we now have three of the five investors involved working directly with us. Through this latest round of fundraising, they have recognized our growth and potential,” he added. Fadi Ghandour, Executive Chairman at Wamda, said, “We are very excited to continue backing Crowd Analyzer, they have a proven model and have become a key player within the digital sentiment analysis space, with unmatched capabilities and comprehensive coverage of the Arabic digital and social media sphere.” Lucidya, a Jeddah-based similar startup had also raised ~$1.1 million in a Series A round earlier this year. Author Recent Posts Zubair Naeem Paracha Founder at MENAbytes A tech and startup enthusiast based in Lahore, Pakistan. Zubair apart from leading MENAbytes is also building Qraar, a career discovery and development platform for millennials in MENA. He can be reached on Linkedin, Twitter or zubair [at] menabytes [dot] com. Latest posts by Zubair Naeem Paracha (see all) E&’s big bold bet on tech - May 2, 2023 Ameer Sherif appoints a new CEO for Wuzzuf and Forasna, moves on to focus on VC, public policy - September 29, 2021 Marham raises $1 million seed to grow into a healthcare superapp for Pakistan - August 3, 2021 Post Views: 13,851 Related Items:Cairo, Dubai, Egypt, United Arab Emirates Recommended for you ClearGrid raises $10 million to modernize and automate debt collection in the Middle East UAE’s Klaim raises $26 million Series A to fast-track insurance claim payments for healthcare providers Fawry’s 2024 revenue soars 68% to EGP 5.5 Billion, net profit jumps 125%

Dubai’s Crowd Analyzer raises over $3.5 million Series A for its Arabic-focused social media monitoring platform

Bayzat raises $16 million in Series B funding News • 21 October, 2019 Image courtesy of Bayzat Source: MenaBytes Dubai-based HR and insurance startup Bayzat has raised $16 million in a Series B round from Mubadala’s newly launched fund for MENA, US-based Point72 Ventures, and some other regional and global investors, Mubadala said in a statement today that announced the launch of its two funds for startups in the Middle East & North Africa. The round, according to the statement by Mubadala, takes total capital raised so far by Bayzat to $31 million. This makes it one of the best-funded startups in the region. The startup has previously raised investment from Beco Capital, Silicon Badia, and Hamed Kanoo Co. Founded in 2013 by Talal Bayaa, Bayzat provides HR and insurance solutions to SMEs and startups. Its cloud-based HR platform (Bayzat Benefits) helps companies automate their HR administration, payroll processing, and health insurance. It was one of the first companies to set up operations in Abu Dhabi-based Hub71 a few weeks ago. The web and mobile-based platform that allows HR teams to manage their employee records allows them to add new records by dragging and dropping their documents into it. It also allows them to review, track, and approve leave requests. Bayzat’s payroll software that’s part of its HR platform allows employers to process their payroll, receive and approve or reject reimbursement and salary advance requests, and generate payslips at the end of every month. Continue reading this story Author: News news Dubai Investment series B

Bayzat raises $16 million in Series B funding

Emirati Startup Bayzat Wins $16m Funding October 23, 2019 Dubai-based Bayzat, which offers e-insurance and HR solutions, has won a $16 million Series B funding round to expand its enterprise HR and payroll resources. The round was led by Steve Cohen’s New York-headquartered Point72 Ventures, marking the influential VC’s first foray into the Middle Eastern tech market. Greyhound Capital, Tech Invest Com, Endeavor Catalyst and Elm also contributed to the round. Bayzat, founded in 2013 by trio Brian Habibi, Talal Bayaa and Tarek Bayaa, has grown to become one of the Gulf region’s most successful outfits. Its platform which streamlines companies’ insurance policies and payrolls, has now won almost $30m in capital across five separate funding rounds. Its clients include large-scale firms like Dubai’s DMCC and Deliveroo. And while it hasn’t yet garnered the heavyweight cash of Careem ($200m), Property Finder ($120m) or Bayut ($50m), the B2C brand is rising quickly to the top of the UAE’s tech pile. Monthly bookings have increased tenfold since the beginning of 2019, with this latest round set to supercharge that growth. “The opportunity lies in enhancing the employee experience of 70 percent of SMEs in the UAE that don’t have HR automation in place,” said CEO and co-founder Talal Bayaa. “We’re incredibly excited to build technology-enabled experiences that meet the challenges faced by our customers.”     Filed Under: Asia, Top Story

Emirati Startup Bayzat Wins $16m Funding

Coverager Oct 22, 2019 Bayzat Bayzat raises $16 million Bayzat , the United Arab Emirates (UAE)-based company providing a free platform for human resources (HR), payroll and employee benefits, has raised $16 million in Series B funding. The funding round was led by Point72 Ventures and is Mubadala Capitals’ first investment in a UAE-based startup. Other participants in the funding round include Elm, Greyhound Capital, Endeavor Catalyst, and Tech Invest Com. Founded in 2013, Bayzat’s mission is to make world-class employee experiences accessible to every small- and medium-sized enterprise (SME). At its core, Bayzat is a free online platform designed to help companies manage and automate HR administration, payroll and health insurance, significantly streamlining processes for HR and finance teams. “The opportunity lies in enhancing the employee experience of 70 percent of SMEs in the UAE that don’t have HR automation in place. We’re incredibly excited to build technology-enabled experiences that meet the challenges faced by our customers.” – Bayzat Chief Executive Officer Talal Bayaa. Bayzat count local companies such as DMCC, The Luxury Closet and Deliveroo as customers experiencing success with their solutions. Share this Get Coverager to your inbox A really good email covering top news. Related Posts Investments Your Friend with Benefits Announced Series A By Shefi Ben-Hutta · May 26, 2017 UAE-based insurance and HR solutions Bayzat announced it has raised $3 million in a Series A round bringing its total funding...

Bayzat raises $16 million

Bayzat, the Abu Dhabi-based tech startup, raises $16M in Series B funding | MAGNiTT
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!Image 4: Bayzat, the Abu Dhabi-based tech startup, raises $16M in Series B funding 
Bayzat, the Abu Dhabi-based tech startup, raises $16M in Series B funding
Source: Press ReleaseOct 21, 2019, 1:53 PM
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Bayzat, the United Arab Emirates (UAE)-based company providing a free platform for human resources (HR), payroll and employee benefits, has raised $16 million in Series B funding. The funding round was led by Point72 Ventures and is Mubadala Capitals’ first investment in a UAE-based startup. Other participants in the funding round include Elm, Greyhound Capital, Endeavor Catalyst, and Tech Invest Com.
Founded in 2013, Bayzat’s mission is to make world-class employee experiences accessible to every small- and medium-sized enterprise (SME). At its core, Bayzat is a free online platform designed to help companies manage and automate HR administration, payroll and health insurance, significantly streamlining processes for HR and finance teams.
According to Bayzat Chief Executive Officer Talal Bayaa, "The opportunity lies in enhancing the employee experience of 70 percent of SMEs in the UAE that don't have HR automation in place. We're incredibly excited to build technology-enabled experiences that meet the challenges faced by our customers.”  Bayzat count local companies such as DMCC, The Luxury Closet and Deliveroo as customers experiencing success with their solutions.
Earlier this year, the company launched its own fintech products including EarlyPay on its platform to give employees unique benefits that may not be otherwise accessible to them given the size of their companies. Since the start of 2019, Bayzat’s new monthly bookings have increased tenfold and this new funding will enable exponential growth in 2020.
Bayaa explained the importance of its recent milestone. “Point72 Ventures and Mubadala are two of the leading and most respected venture investors globally – I can’t overstate how delighted we are to have them as partners on our journey.”
“Bayzat’s world-class technology suite modernizes the human resources and payroll experience for small business owners in the Middle East, solving a real pain point,” said Pete Casella, Partner, Point72 Ventures. “We’re pleased to support the company’s continued growth as they build out their suite of financial services offerings.”
Ibrahim Ajami, Head of Mubadala Ventures, said “We are excited to join the Bayzat growth story. Talal and his management team have built a world class company, further validated by attracting international investment into the region. We look forward to accelerating Bayzat’s growth by partnering with Hub71 and Abu Dhabi.”
The company has now raised a total of $31 million and plan to use the recent proceeds to invest in its technology and customer experience.
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Bayzat, the Abu Dhabi-based tech startup, raises $16M in Series B funding

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 Luxury Closet, a Dubai-based luxury resale marketplace, raised $8.7 million in a growth funding round led by Middle East Venture Partners (MEVP), with participation from Wamda Capital, Precinct Partners, Tech Invest Com, Saned, and Equitrust. The funding will be used to expand its supply from exclusive sellers in the Middle East and build its global buyer network. The company, founded in 2012, focuses on authenticated luxury items and has previously raised funds in Series A and B rounds.

The Luxury Closet Bags $8.7 M In Growth Funding From Investors Led By MEVP

Saudi Arabia-based B2B marketplace Retailo has raised a $36 million mixed equity and debt Series A round. The equity funding was backed by Silicon Valley-based Graphene Ventures, 500 Global, Agility, Aujan, Tech Invest Com, and Mentor’s Fund.  The venture-debt funding was led by Nahda Fund. The round also saw participation from Shorooq Partners, Abercross Holdings, Arzan VC, and AgFunder.

Retailo raises $36 million in Series A

The Riyadh-based company’s Series A round was led by Silicon Valley’s Graphene Ventures, an early-stage investor in Snap Inc. and Lyft Inc. The funding round is among the ten largest over the past year in the three countries Retailo operates in, according to data by Crunchbase. It raised $29 million in equity and $7 million in debt.

Early Snap Backer Leads Fundraising for Middle East E-Retailer

MBUZZ has completed a strategic equity stake sale led by Tech Invest Com as part of its strategic transformation. The investment aims to develop MBUZZ's business, diversify its shareholder base, and increase its capital to SAR100m. The funds will support MBUZZ's growth in emerging technologies such as AI, IoT, Cyber Security, and 5G Network Services. MBUZZ is a major player in digital infrastructure in Saudi Arabia and exports technology products to 30 countries.

MBUZZ introduces new strategic investors as part of its strategic transformation

MBUZZ has completed the sale of a strategic equity stake led by Tech Invest Com as part of its strategic transformation. The investment aims to develop MBUZZ's business, diversify its shareholder base, and increase capital to SAR100m. This funding will support MBUZZ's growth in emerging technologies such as AI, IoT, Cyber Security, and 5G Network Services. Tech Invest Com and other investors see MBUZZ as an attractive investment due to its strong presence in the technology sector and its role as an authorized agent for various technology products.

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