Alrajhi Partners
7973 Abi Bakr As Siddiq Road, King Salman District, Riyadh, Saudi Arabia
Overview
AlRajhi Partners is an investment firm that focuses on public equities, private equity, and real estate. The company is owned by a subset of the Alrajhi family. The company's shareholders are members of the AlRajhi family, who pioneered and established one of the world's first and largest Islamic banks.
- Total investments
- 5
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Finance
- Financial Services
- Real Estate
Investment portfolio
- Bedrock Robotics
Participated · Seed · Jul 2025
Founded in 2024 and based in San Francisco, Bedrock Robotics is building system-level autonomy for the construction industry by upgrading excavators, bulldozers, loaders and other heavy equipment with advanced vision and control software. Its flagship Bedrock Operator platform allows contractors to manage connected fleets that run longer, reduce idle time, and improve safety while addressing the sector’s acute labor shortage. After emerging from stealth in July 2025, the company completed a large-scale supervised autonomy deployment on a 130-acre manufacturing site and is now piloting with contractors across port infrastructure, industrial facilities, data centers and earth-moving projects. Bedrock plans to launch its first fully operator-less excavator deployments in 2026, marking a significant leap toward fully autonomous job sites. The firm recently strengthened its leadership team with executives from Meta’s AI safety group and Waymo’s engineering organization. Its rapid execution and capital efficiency have attracted top-tier investors and pushed its valuation to $1.75 billion. To date, Bedrock has secured more than $350 million in total funding to accelerate product development and large-scale roll-outs.
- Soum
Participated · Series A · Dec 2023
Soum operates a re-commerce marketplace that manages the full transaction flow from listing to delivery, using third-party logistics and holding payments until buyers confirm receipt to reduce fraud. Sellers submit images for pre-approval; deliveries typically take three to four days and buyers have 24 hours to initiate returns (Soum plans to extend return windows for some products). The platform’s top listings are electronics—iPhones and laptops—and it receives more than 30,000 listings every month. Soum charges a commission on each sale that ranges between 10% and 20%, with the percentage varying by product value and seller frequency. The company is expanding its category mix to include automobiles and collectibles and is beginning geographic expansion into the United Arab Emirates as part of a broader MENA push. Soum raised an $18 million Series A to fund growth and category/geographic expansion.
- FlyAkeed
Participated · Series A · Sep 2023
FlyAkeed operates a SaaS platform that automates travel booking and expense management for corporate customers and travel managers. The platform adopts a traveler-centric model linking travel policy, online booking, and expense management to create a seamless omni-channel experience. Features include an automated approval process, real-time expense management reports, extensive travel inventory, and a variety of travel-led employee benefits. FlyAkeed enables businesses to manage and track employee travel expenses to streamline processes and reduce costs. The company was founded in 2017 by Bassam AlMohammadi and is headquartered in Saudi Arabia. Following its Series A raise, FlyAkeed plans to expand its offering to more cities in Saudi Arabia and across the GCC and to explore fintech products and solutions to further enhance the travel experience for individual and enterprise users.
- invygo
Participated · Series A · Oct 2022
Invygo provides flexible car subscription services across UAE and Saudi Arabia, offering short-term rentals, long-term leasing, and a subscribe-to-own model. The platform lets users book and filter cars online and includes value-adds such as doorstep delivery, replacement vehicles, maintenance, insurance, and a 24/7 helpline. Its subscribe-to-own plan features a low starting fee (~5%), cancel-anytime flexibility without penalty, and an option to pay a remaining amount at lease end to own the car; Invygo is also creating an alternative credit score based on driver behavior and payment patterns and works with financial institutions to provide financing. The company sources cars from local rental partners and dealerships and typically lists roughly 200 cars in Saudi Arabia and 100 in the UAE on a given day. Invygo is not yet profitable and has raised $14.3M to date. The startup aims to grow subscribe-to-own from 10% of its business to 50% overall (70% in Saudi Arabia) and to expand its subscriber base in current markets, with potential future expansion into Qatar, Egypt, or Pakistan.
- MaMo
Participated · Series A · May 2021
Mamo offers a financial-services platform that bundles payment collection, corporate cards, and expense management for small and medium-sized businesses. The company is led by CEO Imad Gharazeddine and is based in Dubai, UAE. In 2022 Mamo became the first fintech startup licensed by the DFSA with a Category 3C Providing Money Services license. The startup plans to use the new funding to further develop its comprehensive platform and begin testing product lines in the Kingdom of Saudi Arabia. To date Mamo has raised a total of $13 million and the team stands at 30 people. The company intends to extend its regional footprint across the MENA region. Mamo provides a mobile-first digital wallet and payments platform that lets users send and receive funds instantly, securely, and free of charge. Its recently launched Mamo Business product enables freelancers and small businesses to accept digital payments without complex gateway or merchant integrations, with one-day registration versus industry-standard months. The company plans to use new funding to develop its product line, increase client utility, and expand operations into the UAE and Saudi Arabia. Mamo will also hire additional staff to support expansion; the company currently has 12 employees from 10 nationalities and advisors including the former GM of Venmo. The co-founders are Asim Janjua, Imad Gharazeddine and Mohammad El Saadi, all ex-Google. Mamo has joined Visa’s Fast Track Program and secured principal regulatory approval from the Dubai Financial Services Authority to operate under its Innovation Testing License.
Team
No current team members are available.