{"id":607518,"date":"2023-10-04T00:00:00","date_gmt":"2023-10-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intella-closes-usd-3-4-mn-seed-round-led-by-saudi-vcs\/"},"modified":"2023-10-04T00:00:00","modified_gmt":"2023-10-04T00:00:00","slug":"intella-closes-usd-3-4-mn-seed-round-led-by-saudi-vcs","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intella-closes-usd-3-4-mn-seed-round-led-by-saudi-vcs\/","title":{"rendered":"Intella closes USD 3.4 mn seed round led by Saudi VCs"},"content":{"rendered":"

Saudi VCs like the look of this Egyptian startup: <\/strong> Egyptian deep tech startup Intella<\/a> has secured USD 3.4 mn in a pre-series A funding round, according to a company statement (pdf)<\/a>. The seed round was led by Saudi VC Hala Ventures<\/a> and Aramco-owned Wa\u2019ed Ventures<\/a>, with participation from Sanabil 500<\/a> and Insead\u2019s<\/a> angel investors network.<\/p>\n

Intella: <\/strong> Founded in 2021, the startup bills itself as the region\u2019s \u201cfirst real-time intelligence provider,\u201d and provides a suite of AI-powered services including voice transcription, chat, and market research.<\/p>\n

Saudi money for Saudi expansion<\/strong>: The funding is intended to support Intella\u2019s cross-border expansion into Saudi Arabia and accelerate its development of AI. \u201cSaudi Arabia is quickly becoming a hub for technological advances. This move fits perfectly with our plans for expansion,\u201d Intella CEO Nour Taher said. The startup recently announced plans to relocate its headquarters<\/a> from Cairo to Riyadh.<\/p>\n

This isn\u2019t the first time Hala Ventures has pitched in<\/strong>: Intella raised USD 1 mn in seed funding last<\/a> year<\/a> in a joint initiative by Hala Ventures<\/a>, Falak Startups<\/a>, Egypt Ventures<\/a> and a number of angel investors.<\/p>\n","protected":false},"excerpt":{"rendered":"

The fresh funds are fueling Intella\u2019s expansion into Saudi<\/p>\n","protected":false},"author":1,"featured_media":607519,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[72,11650,11652,1574,125,11623,95,123,200,11651],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-607518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam","tag-hala-ventures","tag-insead","tag-intella","tag-investment-watch","tag-sanabil-investments","tag-startup-watch","tag-startups","tag-venture-capital","tag-waed-ventures","wpautop","entry"],"acf":{"mongo_id":"5d3d9bb5-eef2-425b-b0cd-5b14522a8af5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/10\/278.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egyptian startup Intella closes USD 3.4 mn seed round led by Saudi VCs","related_issue":[607507],"teaser":"The fresh funds are fueling Intella\u2019s expansion into Saudi","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/10\/.e44c99cc-6c77-45a9-81e9-b54a8a67d8f1.mp3"},"yoast_head":"\nIntella closes USD 3.4 mn seed round led by Saudi VCs - 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The expansion will give Homzmart access to a USD 15 bn market that is growing at a rate of 10% annually.About\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/619.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548931,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/28\/subsbase-raises-usd-2-4-mn-in-a-seed-round-led-by-global-ventures\/","url_meta":{"origin":607518,"position":4},"title":"SubsBase raises USD 2.4 mn in a seed round led by Global Ventures","author":"enterpriseam admin","date":"28 August 2022","format":false,"excerpt":"Egyptian subscription management platform SubsBase has raised USD 2.4 mn in a seed round led by Global Ventures, according to a companypress release (pdf). The round saw participation from HALA Ventures, P1 Ventures, Plus Venture Capital (+VC), Plug and Play, Ingressive Capital, Camel Ventures, and existing investors Falak Startups and\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555109,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/02\/delivery-startup-shipblu-secures-usd-2-4-mn-seed-round\/","url_meta":{"origin":607518,"position":5},"title":"Delivery startup ShipBlu secures USD 2.4 mn seed round","author":"enterpriseam admin","date":"2 November 2021","format":false,"excerpt":"Last mile delivery startup ShipBlu raised USD 2.4 mn in a seed round led by Saudi Arabia\u2019s Nama Ventures, according to TechCrunch. Though the company did not specify how the funds would be deployed, co-founder Ali Nasser told the tech outlet that he wants ShipBlu\u2019s network and infrastructure to span\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/288.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/607518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=607518"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/607518\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/607507"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/607519"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=607518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=607518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=607518"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=607518"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=607518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}