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...
A profile of Saudi billionaire investor Prince Alwaleed, who, along with his investment firm Kingdom Holding, is the second-biggest shareholder in XAI Holdings
and what excites him most about Saudi's future. Full interview here: https://www.youtube.com/... @Alwaleed_Talal [video]
How Saudi media group MBC's Shahid has become the biggest streaming service in MENA with a 22% market share, ahead of Starz Play Arabia's 18% and Netflix's 17%
I'm ecstatic that our impact has been covered by the Financial Times. …
Saudi Arabian e-commerce software startup Salla raised $130M from Investcorp, Sanabil, and others, in what is likely to be its last funding round before an IPO
- Sanabil, STV also participated in the pre-IPO fundraising — Salla is part of bevy of Saudi startups prepping for listing
Saudi shopping and BNPL startup Tamara raised a $340M Series C led by SNB Capital and Sanabil Investments at a $1B valuation, taking its total funding to $500M
Tage Kene-Okafor / TechCrunch :
a16z now openly courts Saudi money; Horowitz compared the US harshly to Saudi because the US government did little after Andreessen's “time to build” essay
Andreessen Horowitz is now openly courting capital from Saudi Arabia, despite U.S. strains.
Filing: Elon Musk secures $7.14B for his Twitter bid from Larry Ellison, Binance, Sequoia, a16z, Saudi Prince Alwaleed, Fidelity, and others; Ellison gives $1B
Tesla chief raises $7bn from new investors for takeover of social media platform — Elon Musk has revealed that he has raised $7.14bn … Source: SEC.gov .
Saudi-based customer communications service Unifonic raises $125M Series B led by SoftBank Vision Fund 2 and Sanabil, which is owned by Saudi Arabia's PIF
- Japanese conglomerate leads $125 million round for Unifonic — Sanabil, wholly owned by Saudi wealth fund, co-led the round Source: unifonic .
Saudi startup Tamara, which offers customers the flexibility to pay later for online purchases, raises $110M Series A led by Checkout.com
Nicolas Parasie / Bloomberg :
Analysis: Vision Fund, which posted a record annual loss last March, returned ~$18B to investors by the end of 2020, up from $13.4B it reported in Q3 2020
After posting a record loss last year, fortunes have changed for the Saudi-backed tech investment fund Tweets: @arashmassoudi Tweets: Arash Massoudi / @arashmassoudi : Less than a year ago, SoftBank a...