Elm is a Saudi digital solutions company based in Riyadh. It invests through its institutional venture capital arm in technology startups, and says it has invested more than $60 million in 20 companies as of 2026.
About Elm (Corporate Investments)
Elm invests through its institutional venture capital arm in technology startups at early stages or during expansion, taking equity stakes with technical and operational support. It took part in rounds for Syarah (2019), Foodics (2021) and Zid (2022), and in 2023 announced investments of about $13 million in five companies, including Talqani, Carefer and Klaim. In July 2026 it said it had invested more than $60 million in 20 companies, in addition to eight acquisitions.
Strategic institutional investment from a listed company. The $60 million figure is a company statement and covers all of its investments in companies.
What it invests in
- Stages
- Seed, Series A, Series B
- Sectors
- All sectors
- Fund size (Total invested in 20 companies (company statement))
- $60M (2026-07) Source
From its portfolio
Foodics
A cloud-based restaurant management system: POS, inventory, kitchen, orders, payments and financing on one platform.
- Stage
- Series C
- Raised
- $198M
- Founded
- 2014
- City
- Riyadh
Unifonic
A Saudi platform for companies to reach their customers through messages, WhatsApp, calls, verification codes and AI agents
- Stage
- Series B
- Raised
- $146M
- Founded
- 2006
- City
- Riyadh
Syarah
A Saudi platform for buying and selling new and used cars online, with inspection, warranty and home delivery
- Stage
- Series C
- Raised
- $74.6M
- Founded
- 2015
- City
- Riyadh
Zid
A Saudi commerce platform that lets a merchant run their online store, sales channels and physical branch from one dashboard.
- Stage
- Series B
- Raised
- $59M
- Founded
- 2017
- City
- Riyadh