Raed Ventures is a venture capital firm based in Riyadh that invests in early-stage technology startups in the Middle East and North Africa. Its portfolio includes Tabby, Salla, Lean Technologies and MOZN.
About Raed Ventures
Raed Ventures invests in early-stage technology companies in Saudi Arabia, the UAE and Egypt, with a focus on the Saudi market. Its third fund (RAED III) targets fintech, transportation services, retail and SaaS models, and Riyadh Valley Company, the investment arm of King Saud University, invested in it in 2024. It is led by three founding partners.
What it invests in
- Stages
- Pre-seed, Seed, Series A
- Sectors
- Fintech, E-commerce, Delivery and logistics
- Among the fund’s investors
- Riyadh Valley Company
From its portfolio
Tabby
A buy now, pay later app: shoppers split purchases into interest-free installments, and merchants get paid in full up front.
- Stage
- Growth
- Raised
- $814M
- Founded
- 2019
- City
- Riyadh
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
TruKKer
A digital platform for trucking freight that connects companies with truck owners in the Gulf and the region
- Stage
- Series C
- Raised
- $170.4M
- Founded
- 2016
- City
- Riyadh
Hala
One app for small businesses: a payment device, a business account, a card and financing
- Stage
- Series B
- Raised
- $161.5M
- Founded
- 2017
- 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
Salla
A Saudi platform for building online stores in Arabic with no coding, for individual merchants and companies.
- Stage
- Pre-IPO
- Raised
- $138.5M
- Founded
- 2016
- City
- Makkah
Sary
A B2B online marketplace connecting grocery stores and restaurants with wholesalers, with a pay-later option
- Stage
- Series C
- Raised
- $112.1M
- Founded
- 2018
- City
- Riyadh
Lean Technologies
Open banking and payments infrastructure that connects financial apps to banks through a single API
- Stage
- Series B
- Raised
- $104M
- Founded
- 2019
- 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
Noon Academy
A social learning platform for school students that combines live classes, group study, and preparation for the Qudurat and Tahsili exams
- Stage
- Series B
- Raised
- $62.4M
- Founded
- 2013
- City
- Riyadh
MOZN
An enterprise AI company that fights fraud and money laundering and matches names across Arabic and English
- Stage
- Series A
- Raised
- $10M
- Founded
- 2017
- City
- Riyadh
Mrsool
A Saudi delivery app where you order anything from any store, and couriers bid with delivery price quotes
- Stage
- Pre-IPO
- Raised
- Undisclosed
- Founded
- 2015
- City
- Riyadh
Team
- Omar AlmajdouieFounding Partner
- Saed NashefFounding Partner
- Talal AlasmariFounding Partner
- Wael NafeeGeneral Partner