Latest news with #SaudiUnicornsProgram
Business Recorder
29-05-2025
- Business
- Business Recorder
i2i launches toolkit for startups looking to enter Saudi market
Invest2innovate (i2i), which supports startup communities, launched its 'Scale to KSA (Kingdom of Saudi Arabia) Toolkit' to help entrepreneurs navigate 'one of the most ambitious and fast-moving markets in the region'. In a LinkedIn post, i2i CEO Sarah Munir said the toolkit is a practical, founder-tested guide based on months of primary and secondary research as well as conversations with founders who have taken their companies to Saudi Arabia. 'It breaks down everything – from business setup and legal compliance to GTM (go-to market strategy), hiring, and budgeting — into clear, actionable steps,' she said. 'This toolkit is not just meant to be a resource, it's a roadmap designed to remove the guesswork and help founders scale with clarity and confidence,' she wrote, adding: 'If you're eyeing Saudi, this is your starting point.' According to its website, the toolkit will include information on the Saudi market landscape, including growth trends, funding flows and policy changes. It also has information on how to set up a business, including details on documentation, visas and timelines, as well as details about regulation, taxation, and financial planning, along with relevant events and accelerator lists. Saudi Arabia is fast becoming an important market for businesses. According to an April report by Grant Thornton, it 'is rapidly emerging as a powerhouse in the global startup ecosystem, fostering innovation and entrepreneurship to build the next generation of billion-dollar companies.' 'With a strategic vision, robust economic reforms, and increasing investment in technology and infrastructure, the Kingdom is positioning itself as a leading hub for startups aspiring to scale into unicorns,' the report noted. The Saudi government is promoting innovation and entrepreneurship through various initiatives, including the Vision 2030 plan, which aims to diversify the economy and create a more vibrant startup ecosystem. The Kingdom is attracting both local and international investors, with the government providing funding and support through various programs, like the Saudi Unicorns Program and Tech Growth Financing. Reports also state Saudi Arabia's location is a major advantage, serving as a gateway to Asia, Africa, and Europe, offering potential for international growth and expansion.
CairoScene
13-02-2025
- Business
- CairoScene
RasMal Raises $4.8 Million at LEAP 2025 to Expand Fintech Solutions
The Saudi fintech secured funding to streamline fundraising, equity transfers and investment governance with AI-driven tools. Feb 13, 2025 Saudi fintech company RasMal secured $4.8 million in its pre-Series A investment round, led by Syndicate Element Holding Group. The deal was signed at LEAP Riyadh 2025, an annual tech event that gathered over 200,000 attendees. RasMal offers digital tools for cap table management, company valuation, and automated legal documentation. Its platform supports startups, investors, and private funds by enhancing efficiency in investment governance. 'This investment reflects our commitment to empowering startups and investors with innovative technological solutions that enhance the efficiency of cap table management and investment governance,' said Nasser Al-Tamimi, Co-Founder of RasMal. 'Through our partnership with SHG, we will accelerate the adoption of automation in fundraising and equity transfers, adding significant value to the investment ecosystem in the region. We believe that fintech is the key to advancing the business and investment sector, and we will work with our strategic partners to drive a digital transformation that aligns with Saudi Vision 2030.' The funding comes as Saudi Arabia pushes for a technology-driven financial ecosystem. RasMal is part of the Saudi Unicorns Program, a government-backed initiative supporting high-growth tech startups. The company also operates Pentugram, a platform that facilitates deal flow management and investor relations for venture capital funds, angel investors, and accelerators. With this investment, RasMal plans to expand its automation capabilities, streamline fundraising, and equity transfers by utilising AI.
Mid East Info
12-02-2025
- Business
- Mid East Info
RasMal for Telecommunications Information Technology Announces Closing its Pre-Series 'A' Investment Round at LEAP Riyadh 2025
Riyadh, Saudi Arabia – February 12, 2025 – RasMal, the first cap table management and investment governance platform in MENA region, closes its Pre-Series A investment round led by Syndicate Element Holding Group (SHG), a leading investment firm, with a total value of $4.8 million (18 million SAR) during LEAP 2025 in investment aims to introduce new tools and services to streamline fundraising processes and equity transfers, aligning with Saudi Vision 2030 to build a technology-driven financial ecosystem. RasMal is a Saudi fintech company that provides digital solutions to help private companies automate cap table management, fundraising, and equity transfers, while also supporting investors and private funds in managing investment opportunities and investor relations. RasMal platform offers a suite of tools for cap table management, employee stock option plans (ESOP), AI-driven company valuation modeling, cloud-based data rooms, and automated legal documentation, all designed to enhance transparency and operational efficiency. In addition, Pentugram, a wholly owned platform of RasMal Company, provides deal flow management and investor reporting/relations tools for venture capital funds, angel investors, incubators, and accelerators, contributing to greater transparency within the investment ecosystem. Furthermore, RasMal is part of the Saudi Unicorns Program, launched by Misk Foundation, the Ministry of Communications and Information Technology, and the National Technology Development Program, further solidifying its role in developing a more efficient investment environment. Mohammed Abdullah, CEO of SHG, stated: 'Our investment in RasMal is a significant step toward empowering startups and investors through AI-driven financial governance. By integrating RasMal's automated cap table management with our investment expertise, we are creating a more transparent and efficient investment ecosystem.' Nasser Al-Tamimi, Co-Founder of RasMal, commented: 'This investment reflects our commitment to empowering startups and investors with innovative technological solutions that enhance the efficiency of cap table management and investment governance. Through our partnership with SHG, we will accelerate the adoption of automation in fundraising and equity transfers, adding significant value to the investment ecosystem in the region. We believe that fintech is the key to advancing the business and investment sector, and we will work with our strategic partners to drive a digital transformation that aligns with Saudi Vision 2030.' The agreement was signed at LEAP Riyadh 2025, reinforcing Saudi Arabia's position as a leader in fintech innovation, AI-driven investment governance, and digital financing solutions. For media inquiries, you may contact: Tamer Ali Marketing director Tamer@
Zawya
12-02-2025
- Business
- Zawya
RasMal for telecommunications information technology announces closing its pre-series 'A' investment round at LEAP Riyadh 2025
Riyadh, Saudi Arabia – RasMal, the first cap table management and investment governance platform in MENA region, closes its Pre-Series A investment round led by Syndicate Element Holding Group (SHG), a leading investment firm, with a total value of $4.8 million (18 million SAR) during LEAP 2025 in investment aims to introduce new tools and services to streamline fundraising processes and equity transfers, aligning with Saudi Vision 2030 to build a technology-driven financial ecosystem. RasMal is a Saudi fintech company that provides digital solutions to help private companies automate cap table management, fundraising, and equity transfers, while also supporting investors and private funds in managing investment opportunities and investor relations. RasMal platform offers a suite of tools for cap table management, employee stock option plans (ESOP), AI-driven company valuation modeling, cloud-based data rooms, and automated legal documentation, all designed to enhance transparency and operational efficiency. In addition, Pentugram, a wholly owned platform of RasMal Company, provides deal flow management and investor reporting/relations tools for venture capital funds, angel investors, incubators, and accelerators, contributing to greater transparency within the investment ecosystem. Furthermore, RasMal is part of the Saudi Unicorns Program, launched by Misk Foundation, the Ministry of Communications and Information Technology, and the National Technology Development Program, further solidifying its role in developing a more efficient investment environment. Mohammed Abdullah, CEO of SHG, stated: 'Our investment in RasMal is a significant step toward empowering startups and investors through AI-driven financial governance. By integrating RasMal's automated cap table management with our investment expertise, we are creating a more transparent and efficient investment ecosystem.' Nasser Al-Tamimi, Co-Founder of RasMal, commented: 'This investment reflects our commitment to empowering startups and investors with innovative technological solutions that enhance the efficiency of cap table management and investment governance. Through our partnership with SHG, we will accelerate the adoption of automation in fundraising and equity transfers, adding significant value to the investment ecosystem in the region. We believe that fintech is the key to advancing the business and investment sector, and we will work with our strategic partners to drive a digital transformation that aligns with Saudi Vision 2030.' The agreement was signed at LEAP Riyadh 2025, reinforcing Saudi Arabia's position as a leader in fintech innovation, AI-driven investment governance, and digital financing solutions. For media inquiries, you may contact: Tamer Ali Marketing director Tamer@
