riyadh
(21)
Bonat
The Riyadh startup that turns a coffee-shop punch card into a data engine - and just raised $6 million to teach every merchant in the Gulf how to keep a customer.
Abyan Capital
Abyan Capital is a Riyadh-based, app-first robo-advisory and savings platform that lets everyday Saudis open an investment account in about three minutes and put money into Sharia-compliant portfolios of sukuk, real estate, and local and international equities. Founded in 2021 and regulated by Saudi Arabia's Capital Market Authority, it was the Kingdom's first robo-advisor and has grown to more than 100,000 funded portfolios and over SAR 1.4 billion in deposits, backed by an $18M Series A led by STV.
eyewa
eyewa is the Middle East's largest omnichannel eyewear retailer, selling prescription glasses, sunglasses, blue light glasses and contact lenses through its e-commerce platform, mobile app and a growing network of physical stores across the GCC. Founded in Dubai in 2017 by former Bain consultants Anass Boumediene and Mehdi Oudghiri, the company pairs affordable in-house brands with technology like AI-powered virtual try-on, and reached roughly 150 stores before raising a $100M Series C led by General Atlantic in late 2024 to fund a 100-store expansion.
HALA
HALA is a Riyadh-based fintech building the 'bank of the future' for small and medium enterprises across Saudi Arabia and the wider MENA region. Founded in 2018 by Esam AlNahdi and Maher Loubieh, it combines business IBAN accounts, card issuance, POS and soft-POS payment acceptance, expense management and SME financing into a single platform regulated by the Saudi Central Bank (SAMA). HALA serves more than 140,000 businesses, processes over $8 billion in annual transactions, and in September 2025 raised a $157 million Series B - one of the largest fintech Series B rounds in the Middle East - at a reported valuation near $900 million.
Intelmatix
Intelmatix is a deep-tech enterprise AI company founded by MIT-trained technologists that builds EDIX, an Enterprise Decision Intelligence Platform designed to act as a 'digital brain' for organizations. Using context-aware AI agents, knowledge graphs and generative AI, EDIX lets companies sense, learn, decide and act across functions like demand forecasting, inventory, workforce planning and site selection - without needing an in-house data science team. Headquartered in Riyadh with offices in London and Boston, Intelmatix focuses on the MENA region, training on local context data that global platforms overlook. It raised a $20M Series A in 2024 - the region's largest AI Series A of its kind - and in 2025 became the first Saudi and MENA AI company named a World Economic Forum Technology Pioneer.
Jisr | جسر
Jisr (جسر, Arabic for 'bridge') is a Riyadh-based HR and finance software company building a cloud platform that unifies HR, payroll, talent and spend for businesses in Saudi Arabia and the wider MENA region. Founded in 2016-2017 as Saudi Arabia's Vision 2030 got underway, Jisr localizes its product deeply - integrating directly with government portals like GOSI, Mudad and Muqeem so companies can run compliant payroll and workforce operations. In October 2023 it raised a $30 million Series A led by Merak Capital, reported as the largest Series A for a SaaS company in the Middle East. The platform is used by thousands of organizations processing billions of riyals in payroll.
Malaa | ملاءة
Malaa (ملاءة) is a Riyadh-based fintech that became Saudi Arabia's first licensed open banking product. Its consumer app lets people link all their bank accounts in one place, track spending, and invest in Shariah-compliant, professionally managed portfolios at what it says is the lowest management fee in the Kingdom. Founded in 2020-2021 by Ali Alorainy and Faisal Alqarni, Malaa is regulated by both the Saudi Central Bank (SAMA) and the Capital Market Authority (CMA), and raised a $17.3M Series A in 2024 led by SNB Capital.
Mnzil | منزل
Mnzil is a Riyadh-based proptech company that provides integrated housing, transportation, and catering solutions for Saudi Arabia's blue-collar and migrant workforce. Through a hybrid model of subleasing, purpose-built development, and a C2B marketplace, Mnzil lets companies outsource the housing and movement of their workers, offering furnished, regulated, and serviced accommodation at scale. Founded in 2024, it operates 60+ facilities across 13+ cities, serves 100+ corporate clients including Amazon, Nestlé, and SIXT, and raised an $11.7M Series A led by Founders Fund in November 2025.
Mozn
Mozn is a Riyadh-based enterprise AI company founded in 2017 that builds AI for high-stakes decisions in the Arabic-speaking world. Its flagship platform, FOCAL, unifies fraud prevention and anti-money-laundering (AML) compliance for banks, fintechs and governments, while its OSOS platform delivers Arabic natural-language understanding and enterprise knowledge intelligence. Backed by a $10M Series A, Mozn has served more than 100 organizations and, in 2025, became one of only ten vendors worldwide named a Category Leader by Chartis Research in both AML transaction monitoring and KYC solutions.
Munjz | FM & PM Technology
Munjz is a Riyadh-based proptech company that builds cloud-native facility- and property-management software for the Saudi market. Founded in 2017 as a consumer maintenance marketplace, it pivoted to B2B SaaS in late 2021 and now runs Munjz Connect, an Arabic-first CAFM and PMS platform that unifies work orders, assets, vendors, tenants, and finances for property operators, government bodies, and chains such as McDonald's, Dunkin', and DHL. The company raised a $5 million Series A in 2023 led by regional proptech and real-estate investors.
Qoyod - قيود
Qoyod is a Riyadh-based cloud accounting and e-invoicing platform built for the Saudi market. Founded in 2016 by Abdullah AlDayel, it lets small and medium businesses issue invoices, track expenses, manage inventory and stay compliant with ZATCA (Fatoora) e-invoicing rules - without needing formal accounting expertise. It bundles accounting, point-of-sale and tax compliance into one Arabic-first, locally hosted system now used by tens of thousands of Saudi businesses.
Quant Data & Analytics
Quant Data & Analytics is a Riyadh-based data science, AI and business-intelligence company that turns raw data into decisions for Saudi businesses and government. Founded in 2015, it pairs consulting with proprietary SaaS products - Suhail for real estate and location intelligence and Fruits360 for food-and-beverage analytics - and has analyzed more than a trillion data records across real estate and restaurant sectors. With around 160 employees and Series A backing, Quant positions itself as an engine for the data-driven decisions behind Saudi Vision 2030.
Rewaa
Rewaa is a Riyadh-based retail technology company that builds a cloud-based operating platform for small and medium retailers, unifying point-of-sale, inventory management, accounting and ZATCA-compliant e-invoicing in a single dashboard. Founded in 2018, it synchronizes physical stores and online sales channels in real time and has grown to serve more than 23,000 active merchants across Saudi Arabia and the wider region. Rewaa raised the largest Series A for a SaaS company in MENA ($27M in 2023) and followed with a $45M Series B in late 2025 to expand its AI-driven automation tools.
Salasa | سلاسة
Salasa is a Riyadh-based end-to-end e-commerce fulfillment and logistics platform. Founded in 2017, it gives online merchants a single stack for warehousing, order fulfillment, domestic and cross-border shipping, bonded zones, returns, and dark-store-powered two-hour delivery, connected through an OMS and API integrations with platforms like Salla, Zid, Shopify and Amazon and more than 40 carriers. The company has fulfilled tens of millions of orders for over 1,000 merchants and raised roughly $40 million to build a tech-first logistics network across Saudi Arabia and the GCC.
Syarah
Syarah is Riyadh-based online marketplace for buying and selling new and used cars in Saudi Arabia. It handles the full transaction online - sourcing, 200-point inspection, refurbishment, financing, warranty and kingdom-wide home delivery - and lets buyers keep a car for a 10-day trial with a money-back guarantee. Founded in 2015, it has grown from a classifieds site into the country's leading digital used-car retailer, raising more than $82 million in total funding, including a $60 million Series C in 2024.
تعميد | Tameed
Tameed (تعميد) is a Riyadh-based fintech that runs the first Saudi Central Bank-licensed debt crowd-lending platform specialized in purchase-order financing. It connects small and medium enterprises holding government and large-corporate purchase orders with a crowd of individual and institutional investors who fund those orders in return for Sharia-compliant profit. SMEs unlock working capital in as little as three business days, while investors gain access to short-term, asset-backed opportunities that have paid an average annual return in the mid-teens.
Telfaz11
Telfaz11 is a Riyadh-based creative media studio that pioneered Arabic online video in the early 2010s and has since grown into one of Saudi Arabia's leading film and content producers. Founded in 2011 by Alaa Fadan, Ali Al Kalthami and Ibraheem Alkhairallah, it began as a YouTube-first network aimed at Saudi youth and evolved into feature films, streaming originals and branded content. Its 2022 wrestling comedy 'Sattar' became the highest-grossing Saudi film ever, and the studio holds a multi-picture deal with Netflix.
Telgani | Rent a car
Telgani is a Riyadh-based digital car-rental marketplace that lets people in Saudi Arabia book a vehicle from their phone and have it delivered to their door - or waiting at the airport - in about an hour. Founded in 2018, the platform aggregates 75+ rental brands and tens of thousands of cars into a single app, offering daily, monthly and yearly plans plus flexible subscriptions. Backed by strategic investors including Toyota distributor Hala Auto and Elm Company, Telgani has raised more than $9 million to modernize a fragmented car-rental sector across the Kingdom.
COLABS
COLABS is a flexible workspace and community platform that provides fully serviced offices, coworking space, and back-office support for startups, scaling companies, and enterprise teams. Founded in Pakistan in 2019 by twin brothers Omar and Ali Shah, it operates more than 500,000 square feet across 10+ locations serving over 5,000 members, and in April 2026 opened a 4,000-square-meter flagship campus in the Al-Narjis district of northern Riyadh to anchor its expansion into Saudi Arabia.
Muhammad Asad Tanwir
Muhammad Asad Tanwir is a Netherlands-based technical project manager and software architect with more than a decade building and shipping enterprise software. He moves fluently between the whiteboard and the codebase: ecosystem architecture, cloud transformation, DevOps and pre-sales on one side, hands-on Angular, .NET, C#, Azure and SQL on the other. After roughly six years at Wiseman Innovations he has been working on AI-driven projects, including a recent stretch in Riyadh tied to Saudi technology firm Azm Development, where a colleague publicly called him the company's biggest gem.
Asher Siddiqui
Asher Siddiqui is a General Partner at Sukna Ventures, a Riyadh-based early-stage venture fund backing software and data-infrastructure startups across MENA. He spent a decade running global M&A and corporate venture at Etisalat (around $15bn in deals), then joined 500 Startups as a partner and investment committee member before settling into the GP role at Sukna. He advises a constellation of funds from Palo Alto to Pakistan and splits time between the San Francisco Bay Area, Dubai, and Riyadh.