Zension Technologies Gets Series A Funding of $30 Million
RIYADH: The Kingdom’s leadership in the region was strengthened by the notable financial milestones that the Saudi Arabian startup and venture capital ecosystem achieved at the start of 2025.
Wa’ed Ventures, Saudi Aramco’s venture capital division, led a $30 million Series A fundraising round for Zension Technologies, a company that offers electronics protection, extended warranties, and buyback services. Global Ventures and Sumitomo Corporation of Japan participated in the financing. Zension intends to use this money to introduce its new service, Zaam, throughout Saudi Arabia and the United Arab Emirates in the first quarter of this year.
Saudi Venture Capital Backs Global Ventures’ $150 Million Fund
Global Ventures III, a $150 million early-stage fund run by Global Ventures, a company located in the United Arab Emirates, has received investment from Saudi Venture Capital (SVC). Agritech, artificial intelligence, supply chain technology, and other tech-enabled industries will be the focus of this fund.
SVC CEO Nabeel Koshak stated, “Our investment is in line with our strategy to stimulate venture investments in Saudi-based startups, particularly in their early stages.”
Revie Secures $2.5 Million for Innovative Interior Design
Sanabil Venture Studio by Stryber led a $2.5 million seed investment round for the Saudi interior design platform Revie. Revie, which Ibrahim Abu Khadra founded in 2024, links clients with pre-screened service providers for remodeling projects in homes and businesses. The money will go toward scalable expansion and technological advancements.
Vreal Increases AR/VR Product Offerings with Pre-Seed Capital
Numu Angels Investment Community provided pre-seed money to Vreal, a Saudi augmented and virtual reality company. Vreal was founded in 2022 and uses technology that turns anything into 3D models in less than 30 seconds. The company wants to expand its use to sectors like historical preservation and real estate.
$600,000 is raised by MilkStraw AI for MENA expansion.
The artificial intelligence business MilkStraw AI raised $600,000 in pre-seed capital under the direction of Flat6Labs. Jawad Shreim founded the business in 2024, and it focuses on cloud infrastructure cost-optimization software. The money will help it grow throughout the MENA area.
Fuel Venture Capital and Mintiply Capital Collaborate
US-based Fuel Venture Capital and UAE-based Mintiply Capital have partnered to introduce a Special Purpose Vehicle (SPV) for early-stage businesses in the Gulf Cooperation Council (GCC). The program seeks to stimulate economic growth and innovation.
ReNile Invests $450,000 to Develop Agritech Solutions
ReNile, an agritech firm located in Egypt, obtained $450,000 to improve its platform for data-driven farming. The firm provides analytics and monitoring solutions to boost productivity and enhance farming methods.
Lending to Saudi MSME Increases by 22.6 Percent
According to the Saudi Central Bank, micro, small, and medium enterprise (MSME) credit in Saudi Arabia increased by 22.6 percent in Q3 2024, reaching SR329.23 billion ($87.8 billion). This is in line with Vision 2030’s objective of promoting company expansion and economic diversification.
For the second year in a row, Saudi Arabia leads MENA venture capital.
With $750 million raised and 178 deals closed, Saudi Arabia led the MENA region’s venture capital rankings for the second year in a row in 2024. Even though MENA’s total venture capital funding fell by 29% year over year to $1.9 billion, the region showed resiliency as investor participation rose by 14% to 392 investors.
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