Participated · Series A · Jul 2026

Spare offers a unified API platform that enables businesses to connect to banks and financial institutions for account data access, identity verification, risk assessment, and account-to-account payments. Founded in 2019 by Dalal Alrayes and Sourabh Shah and based in Riyadh, the company connects to more than 35 financial institutions across the region. Spare raised $5 million in a pre-Series A round to scale its open banking infrastructure, expand API integrations, and accelerate product development. It plans to deploy the funds to expand operations across the GCC and broaden its commercial integrations. The recent financing was led by anb Seed Fund with participation from Vision Ventures, SEEDRA Ventures, 500 Global, Boubyan Ventures, and MEVP, strengthening its balance sheet for regional growth.

Participated · Seed · May 2026

Founded in 2025 by Adam Bataineh, Madeed develops a preventive health platform that leverages advanced laboratory data and artificial intelligence to identify early risk indicators for hundreds of diseases. The platform offers personalised health recommendations, customised health plans and nutritional supplements tailored to each subscriber. Madeed completed a pilot that attracted 150 subscribers, which the team cites as evidence of demand ahead of a wider launch. The startup raised a total of $925,000 in pre-seed funding from a mix of venture investors and Saudi angels. Proceeds are earmarked for product development and expansion of clinical and lab partnerships, beginning in Saudi Arabia. The company positions itself as the first platform of its kind in the Middle East focused on personalised preventative healthcare and longevity.

Led · Seed · Apr 2026

Lola operates a cake ordering and customisation platform serving customers across Bahrain, Saudi Arabia, the UAE, Qatar and Kuwait. The company was founded in 2023 by Othman Janahi and has raised a $1.3M pre-seed in February 2025 and a $3M seed round led by Vision Ventures. Lola plans to build a central production facility in Dammam and roll out a network of cloud bakeries to improve quality and scale operations. It aims to expand beyond cakes into a broader gifting platform. The recent capital injection is intended to fund these operational and expansion initiatives.

Participated · Seed · Feb 2026

Deep.SA is a Saudi artificial intelligence startup founded in 2025 by Mohammed Daggas to build sovereign, locally hosted AI infrastructure for the Kingdom’s public- and private-sector institutions. Its flagship product, “alPlatformai,” allows organizations to deploy, manage, and access AI models within highly secure, Saudi-based environments that meet stringent data-localization and regulatory requirements. The company’s technology emphasises operational efficiency and cost optimisation while safeguarding sensitive national data. Deep.SA tailors its models for diverse government and enterprise use cases, ensuring compliance with Saudi regulations and digital-sovereignty standards. Recent funding is earmarked to accelerate product development, broaden its Saudi-built AI infrastructure, and scale adoption of alPlatformai across multiple sectors. To date, the firm has raised at least SAR 4.5 million (~US$1.2 million) in pre-seed capital, with additional undisclosed funds now added through an extension round.

Led · Series A · Jan 2026

Vennre operates a digital wealth platform tailored to HENRYs (High Earners, Not Rich Yet) across the Middle East, giving them vetted access to private market opportunities. The company curates investments in real estate, private equity, venture capital and private credit, packaging them in transparent, Shariah-compliant structures traditionally reserved for institutions and the ultra-wealthy. By removing conventional gatekeepers, Vennre seeks to democratize generational wealth creation for high-income professionals. Its marketplace has already processed more than USD 40 million in transaction value, evidencing early traction and investor confidence. Governance has been strengthened with the appointment of Dr. Ibrahim AlMojel as Chairman of its Saudi board. Fresh capital will be directed toward enlarging the client network, launching new platform features and intensifying the firm’s Saudi presence amid ongoing financial-sector liberalization. Ultimately, Vennre aims to guide clients through an end-to-end wealth journey built on discipline, trust and long-term alignment.