Rua Ventures
Mezzanine Floor, Bahrain Tower, King Fahad Road, Riyadh, Ar Riyad, 11526, Saudi Arabia
Overview
Rua Growth Fund is a venture capital firm that aims to lead the next wave of tech ventures. It was born out of a unique strategic partnership between Osool & Bakheet Investment Company and iMENA Group, two pioneers in their respective sectors to lead the next wave of innovative tech ventures in Saudi Arabia. It was founded in 2020 and is based in Riyadh, Saudi Arabia.
- Total investments
- 13
- Lead investments
- 3
- Investments · 12mo
- 5
- Active investors
- 2
Sector focus
- Finance
- Financial Services
- Venture Capital
Investment portfolio
- AILA
Led · Series A · Aug 2026
Founded in 2023 by Yousef Alsayed, Abdulaziz Bin Mugayel, and Nouf Bin Mugayel, AILA builds AI-native learning technology that analyzes student performance to identify gaps and personalize learning and practice. Its product suite includes AILA Tests, an AI-native platform for personalized exam preparation, and AILA Labs, its R&D hub for developing and testing new AI-powered education solutions. The company emphasizes personalized assessment and adaptive practice to give educators visibility into student performance. With the recent $3 million pre-Series A raise, AILA plans to expand into additional regional and international markets and further develop its AI learning capabilities. The startup expects the investor group to provide market knowledge and potential partnerships to support its expansion. The company is positioning itself to scale personalized, AI-native learning across schools and education systems in the region.
- Helix Earth Technologies
Participated · Seed · Mar 2026
Helix Earth Technologies, founded in 2022 and spun out of Rice University, builds hardware rooted in proprietary liquid-gas chemistry and aerospace technology co-invented at NASA to address energy efficiency and humidity control in commercial HVAC and adjacent markets. The company is developing a retrofit add-on that separates temperature management from moisture control and targets a large portion of the estimated $150 billion commercial air conditioning market. Helix has been incubated at Greentown Labs since 2023 and has received a Phase II SBIR from the NSF plus grants from the U.S. Department of Energy. With $12 million raised in an oversubscribed Seed 2 round led by Veriten, Helix plans to scale manufacturing and accelerate deployment of its first product. The company has attracted industry attention and awards, including Cleantech 50 to Watch and first place in the 2025 SXSW Pitch competition, positioning it to pursue broader industrial filtration and CO2 capture opportunities.
- Simplified Financial Solutions Company
Participated · Series A · Feb 2026
SiFi develops cloud software that lets finance teams issue corporate cards, automate expense reporting, and execute vendor payments from a single dashboard. The system provides real-time visibility into outlays, enforces spending policies, and streamlines reconciliations. More than 3,500 organizations across Saudi Arabia now use the product, highlighting strong early adoption. To deepen its value proposition, the company plans to layer additional finance workflows and enhance AI-driven features for analytics and policy enforcement. Management’s stated goal is to evolve into a full-suite finance-management platform. Following its latest fund-raise, SiFi’s cumulative capital stands at over $34 million, giving it resources to accelerate product development and regional expansion. Revenue figures were not disclosed in the article.
- Safqah Capital
Participated · Seed · Feb 2026
Founded in 2023 by Abdullah Alsubaie, Karim Merie, Abdulmalik Alothman and Omar Alessa, Safqah Capital offers a digital platform that connects individual and corporate investors with SME real-estate developers through Sharia-compliant, debt-based crowdfunding instruments. The company specializes in structuring Sukuk to finance land purchases and project development, giving developers access to alternative capital while opening real-estate investment opportunities to a broader investor base. Over its first 18 months, Safqah has financed more than 70 development projects with an aggregate value exceeding $800 million across Saudi Arabia. Its platform combines fintech and proptech capabilities and plans to integrate advanced AI-driven risk assessment and underwriting tools. The firm intends to expand its financing capacity and further scale its technology infrastructure with the newly raised capital. Safqah’s model targets the growing demand for transparent, Sharia-compliant real-estate financing solutions in the GCC. The company is headquartered in Riyadh, Saudi Arabia.
- Bonat
Participated · Series A · Nov 2025
Founded in 2019 by Saud Binsaeed, Bonat provides an AI-driven SaaS platform that blends advanced analytics, marketing automation, behavior-based campaigns, and digital wallet integrations to boost customer loyalty for merchants. Its toolkit includes customizable loyalty programs, granular customer segmentation, review management, gift card sales, and SMS/email communications. The company currently supports thousands of retailers and food-and-beverage brands across Saudi Arabia and connects with more than six million end users. Bonat generates value by converting in-store traffic into repeat purchasers and by giving merchants data-driven insights to personalize outreach. With the fresh capital, management plans to deepen its AI capabilities, launch personalized campaign automation, embed payment and mobile-wallet functions, and broaden its reach into new verticals such as retail and services across Saudi Arabia and the wider GCC region. These initiatives aim to accelerate user growth and expand the platform’s utility for merchants.