Riyadh

Riyadh-based BNPL startup Tabby completes a secondary share sale of existing shareholders' stakes, valuing it at $4.5B ahead of a possible IPO

Riyadh-based Hala, which offers payment services to 142K+ small businesses in the Gulf region, raised a $157M Series B, a source says at a ~$900M valuation

Aisha S Gani / Bloomberg : LinkedIn: Riyad Abou Jaoudeh and Aisha S Gani LinkedIn: Riyad Abou Jaoudeh : So excited to finally announce HALA 's $157M series B co-led by TPG and Sanabil Investments wit...

Riyadh-based Lucidya, which develops customer experience software, raised a $30M Series B led by Impact46, marking the largest AI funding round in Saudi Arabia

Yassmin Jabri / Bloomberg :

Humain, Saudi Arabia's new state-owned AI company, says it is seeking investment from US tech companies and investors, and plans to launch a $10B VC fund

PIF-backed Humain courts US tech investors and plans $10bn venture fund  —  Andrew England and Ahmed Al Omran in Riyadh

Riyadh-based BNPL startup Tabby raised a $160M Series E led by Blue Pool Capital at a $3.3B valuation; CEO Hosam Arab is looking at an IPO in the next 18 months

Federico Maccioni / Reuters :

A look at the inaugural Esports World Cup, a multi-genre tournament in Riyadh funded by Saudi Arabia, featuring 1,500+ gamers and a record $60M+ prize pool

Bloomberg :

At a Riyadh event, Amazon says the company plans to spend $5.3B in Saudi Arabia to create new AWS infrastructure by 2026, DataVolt plans to invest $5B, and more

Matthew Martin / Bloomberg :

Riyadh-based BNPL startup Tabby raised a $200M Series D at a $1.5B valuation, taking its total funding to $950M+; the CEO says Tabby is profitable in the Gulf

Tage Kene-Okafor / TechCrunch :

Riyadh-based Manafa, which offers SMBs debt and equity financing based on a crowdfunding model, raised a ~$28.2M Series A led by STV and Aramco's Wa'ed Ventures

Deena Kamel / The National :

Digital security company Elm, owned by Saudi Arabia's sovereign wealth fund, jumps 30% to $44.30 in its Riyadh trading debut after raising $820M in its IPO

Farah Elbahrawy / Bloomberg :