RASMAL-

Homegrown equity management solutions provider Rasmal secured USD 4.8 mn in a Pre-Series A round led by SHG at Leap 2025 to support the development of new services and tools aimed at streamlining investment processes and equity transfers, according to a statement on Linkedin.

About Rasmal: Founded in 2019 by Basil Alkuraya (Linkedin) and Nasser Al-Tamimi (Linkedin), Rasmal is a fintech specializing in automating cap table management and governance, fundraising and equity transfers, while also advising clients on investment management and investor relations. Rasmal is a member of Misk Foundation’s Saudi Unicorns Program.

PIESHIP-

Homegrown last-mile delivery platform Pieship secured SAR 7.9 mn in a seed investment round, according to a statement. The round was led by Nama Ventures, with participation from Seedra Ventures funds and unnamed angel investors.

The details: The funds will be used to support expansion plans into seven major Saudi cities, including Jeddah, Makkah, Madinah, Dammam, Al Khobar, Qassim, and Khamis Mushait, leverage AI to improve fleet management and deliveries, and launch new logistics services. To date, the startup has delivered 600k shipments and onboarded 1.2k captains.

About Pieship: Founded in late 2023 by Nasser Alharthi (LinkedIn), Mohamed Mohsen (LinkedIn), and Mosaad Alharthi (LinkedIn), Pieship is a Riyadh-based last-mile delivery and supply chain platform that provides real-time tracking, AI-powered route optimization, and a crowdsourced driver network while reducing operational costs for businesses and deliveries.

ALSO FROM STARTUP LAND-

#1- Healthcare fintech Hopea Pay raised SAR 1.5 mn in a pre-seed funding round led by Iwan Ventures, with participation from Odba VC and Beetleware, according to a LinkedIn post. “This funding will enable us to scale our technology and make healthcare financial solutions more accessible and efficient across the region,” Hopea Pay Founder and CEO Lewa Abukhait (LinkedIn) said.

#2- Syndicate Holding Group (SHG) has allocated over USD 50 mn for startup investments at Leap, Aleqtisadiah quotes CEO Mohammed Al-Qarafi as saying. The group closed seven agreements valued at between USD 2-5 mn across Pre-Seed, Seed, and Series A funding rounds, and looks to close a total of 15 investments financed by a USD 100 mn investment fund.

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