It’s been a field day for Saudi’s startups, as Ula, Torod, Buildnow, Taager and Madkhool raised multi-USD mn investments, in a push largely led by Leap 2025.

ULA.ME-

Riyadh-based EdTech platform Ula.me raised USD 28 mn in a Series B round led by Rua Growth Fund, with participation from Jordan Capital & Investment Fund and Foursan Group, it said in a post on Linkedin.

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Where will the money go: The funding will “drive Ula’s expansion into Saudi Arabia and launch the region’s first Generative AI-powered EdTech digital platform,” the post said.

About Ula: Founded by Alaa Jarrar (LinkedIn), Ula aims to offers technology-driven learning solutions to bridge the gap between public and private education.

TOROD-

Homegrown Torod raised SAR 42 mn in a Series A round led by Aramco-backed Wa’edVentures and Elm, with participation from Impact46, Hala Venture, Suhail Ventures, and other strategic investors, it said in a post on Linkedin.

The funding will go towards funding the development of an AI logistics agent, aiming to “revolutionize logistics and parcel shipping solutions,” the company said.

About Torod: Founded in 2022 by Faisal Almaklas and Ammar Almaatouq, Torod offers post-order management services to online merchants, enabling them to select their preferred shipping method for each order.

BUILDNOW-

Build-now-pay-later Saudi-based startup Buildnow raised USD 9.7 mn in an investment round led by Arbah Capital, with participation from the Saudi Techonology Ventures (STV) fund, it said in a statement. Buildnow is also launching a USD 80 mn infrstructure fund, in partnership with Joa Capital.

The funding will boost Buildnow’s services, expanding its support for SMEs in the construction sector, the statement said.

About Buildnow: Founded in 2022 by Hisham Al Saleh, Rahat Dewan, and Abdulla Sheikh, Buildnow’s platform provides customized credit terms to buyers for construction materials, while ensuring prompt cash payments to SME suppliers.

TAAGER-

Social e-commerce platform Taager raised some USD 6.8 mn in a pre-Series B round led by Norrsken22, according to a press release. Endeavor Catalyst and Beltone VC participated in the round, along with 4DX Ventures, Raed Ventures, Beco Capital, and Breyer Capital.

Where will the money go: Taager plans to use the funds to expand further in the Middle East and integrate AI sales agents into its platform. The company currently operates in Saudi Arabia, Egypt, UAE, and Iraq, and aims to grow its operations fivefold in the coming years.

About Taager: Founded in 2019 by Abdelrahman Sherief (LinkedIn), Ahmed Ismail (LinkedIn), and others, the company provides an end-to-end platform for social e-commerce sellers in Mena, offering services to help sellers scale up their businesses, including product sourcing, logistics, pricing and marketing optimization.

MADKHOL CAPITAL-

Homegrown AI-powered robo-advisory Madkhol Capital secured USD 2.2 mn in a Seed funding round co-led by Seize Institute of Consulting and Business Solutions and Numu Angel Investing Community, it said in a press release. Other angel investors also participated in the round.

About Madkhol: Founded in 2023 by Saad Bin Atyan Madkhol (LinkedIn) is a shariah-compliant fintech that specializes in AI-driven financial planning, wealth management, and investment solutions. The company aims to promote financial inclusion among younger generations and retail investors. It received its license from the Capital Market Authority in February 2023.

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