The Venture Codex

Participated · Seed · Feb 2026

Founded in 2023, Solidrange develops cloud-based products that blend automation, artificial intelligence and human-focused risk management to help organizations meet regulatory requirements and lower cyber-risk. Its flagship platform, EasyCompliance, streamlines governance, risk and compliance workflows, while Awareness10 delivers personalized cybersecurity awareness training aimed at reducing human-driven threats. The company reports serving more than 50 enterprise customers, including government and public-sector entities in Saudi Arabia and the wider MENA region. Solidrange plans to use fresh capital to deepen AI integration across its suites, accelerate technical development and scale regional go-to-market efforts. Headquartered in Riyadh, the startup positions itself as a one-stop shop for AI-enabled GRC automation and human risk management. Management is led by founder and CEO Jamal M. Labani. No revenue figures were disclosed in the articles.

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.

Participated · Equity · Jan 2026

Founded in 2022 by Mohammad Gharbat and Mohammad Tabaza, OpenCX began as an open-source project used by tens of thousands of developers before evolving into a commercial enterprise platform. The software combines an AI engine with omni-channel routing to automate over 70% of end-to-end customer communication workflows, including support, inbound and outbound calling, and messaging. It is positioned for highly regulated, mission-critical sectors such as fintech, healthcare, and large-scale consumer platforms, with customers including MoneyGram.com, More.com, Viva.com, and Mollie.com. The platform’s AI agents are designed to understand complex context and orchestrate multi-step exchanges that feel human rather than scripted. OpenCX employs an outcome-based pricing model tied to successful automation and offers a one-month, risk-free implementation. Looking ahead, the company intends to establish a Saudi Arabia office and expand across the GCC, hiring locally to capture the region’s accelerating AI adoption. The recent funding provides resources to scale global enterprise adoption while maintaining high standards of responsiveness, empathy, and regulatory compliance.

Participated · Seed · Jan 2026

Founded in 2025 by Khalid Almudayfir, Jehad Senan, and Djamel Mohand, Governata offers an enterprise SaaS platform focused on data governance, cataloging, quality, and compliance tailored to regional regulations. The software allows organizations to centralize their data assets, establish robust governance policies, and prepare their data for AI and advanced analytics initiatives. Since launch, Governata has secured partnerships with major government entities and leading private-sector companies across the region, underscoring early traction and market relevance. The company positions itself as a critical layer for responsible and compliant data infrastructure amid growing AI adoption in the MENA market. With its newly raised capital, Governata plans to accelerate product development, deepen its AI-driven decision-making capabilities, and expand regionally. The recent $4 million seed financing is the firm’s first disclosed round, providing resources to scale operations and enhance its platform.

Led · Seed · Sep 2025

Founded in 2021 by Feras AlHamdan and Faisal bin Dkhil, LDUN is building a technology-driven platform that digitises and automates trade credit transactions between suppliers and retailers. Its core offering spans Sharia-compliant buy-now-pay-later (BNPL), trade credit, factoring, and reverse factoring products tailored for micro, small, and medium-sized enterprises (MSMEs). By addressing persistent cash-flow constraints, the company seeks to enhance purchasing power for retailers while improving liquidity for suppliers. LDUN positions itself as a one-stop shop for flexible, compliant financing that integrates seamlessly with business workflows. With fresh capital, the team plans to expand its product suite, deepen partnerships with local and regional stakeholders, and scale operations across the Kingdom. The company emphasises a technology-first approach to simplify complex financial processes and create sustainable value for businesses and investors. Its long-term vision aligns with Saudi Arabia’s broader economic development plans, focusing on empowering the MSME segment. The recent seed round marks the primary disclosed funding for the company to date.