Learn how to validate your startup idea by pre-selling it, for only $80 (includes a free 1-hour consultancy call).
Ar Riyad

12 Successful Startups in Ar Riyad

Ar Riyad is home to hundreds of startups and you can find the 12 best ones in this article.

Ad

Startup Foundations

Gain traction with your startup right now. In this free video series, learn tactical strategies proven to deliver results. Get free access to Startup Foundations →

Have you ever wondered who is on the list of companies with the highest growth rates in Ar Riyad?

You’re not alone.

There are hundreds of companies founded there, and it can be difficult to keep track of them all.

We've decided to take a deep dive and put together a list containing 12 fast-growing startups in Ar Riyad that have top-tier venture capital funding.


12 Startups in Ar Riyad

1) Sary

1) Sary

Sary is a B2B platform that seamlessly links small businesses to suppliers.

Details of the startup:

  • Started in: 2018
  • Founders: Khaled Alsiari, Mohammed Aldossary
  • Industries: B2B, E-Commerce, Marketplace, Wholesale
  • Number of employees: 251-500
  • Funding amount: $37,100,000
  • Number of funding rounds: 3
  • Number of investors: 9

You can find their website here.

2) Tamara

2) Tamara

Tamara has a buy now, pay later platform that allows clients to pay over time.

Details of the startup:

  • Started in: 2020
  • Founders: Abdulmajeed Alsukhan, Abdulmohsen Albabtain, Turki Bin Zarah
  • Industries: Financial Services, FinTech, Mobile Payments, Payments
  • Number of employees: 51-100
  • Funding amount: $116,000,000
  • Number of funding rounds: 4
  • Number of investors: 9

You can find their website here.

3) Gathern

3) Gathern

Gathern is a booking platform headquartered in Saudi Arabia.

Details of the startup:

  • Started in: 2016
  • Founders: Eman Alsuwailem
  • Industries: Customer Service
  • Number of employees: 11-50
  • Funding amount: $6,000,000
  • Number of funding rounds: 3
  • Number of investors: 7

You can find their website here.

4) unifonic

4) unifonic

unifonic is a customer interaction tool for emerging markets businesses that makes cloud communications more accessible.

Details of the startup:

  • Started in: 2006
  • Founders: Ahmed Hamdan, Hassan Hamdan
  • Industries: Information Technology, Messaging, PaaS, SaaS, SMS
  • Number of employees: 101-250
  • Funding amount: $21,000,000
  • Number of funding rounds: 1
  • Number of investors: 5

You can find their website here.

Ad

Startup Foundations

Gain traction with your startup right now. In this free video series, learn tactical strategies proven to deliver results. Get free access to Startup Foundations →

5) Nana

5) Nana

Nana is an online grocery delivery service that delivers food and other household items to your doorstep.

Details of the startup:

  • Started in: 2016
  • Founders: Abdulmajeed Alsukhan, Sami Alhelwah
  • Industries: E-Commerce, Grocery, Internet
  • Number of employees: 101-250
  • Funding amount: $28,959,999
  • Number of funding rounds: 4
  • Number of investors: 7

You can find their website here.

6) Jahez

6) Jahez

Jahez is a food delivery platform that brings together restaurants, logistic fleets, and meal orders through the Jahez Mobile App.

Details of the startup:

  • Started in: 2016
  • Founders: Ghassab Al-Mandil
  • Industries: Food Delivery
  • Number of employees: 11-50
  • Funding amount: $36,500,000
  • Number of funding rounds: 2
  • Number of investors: 1

You can find their website here.

7) Zid زد

7) Zid زد

Zid is an e-commerce in a box solution that can be used by any store to get started with eRetail.

Details of the startup:

  • Started in: 2017
  • Founders: Mazen AlDarrab, Sultan AlAsmi
  • Industries: E-Commerce, Internet, Retail
  • Number of employees: 101-250
  • Funding amount: $8,933,207
  • Number of funding rounds: 2
  • Number of investors: 6

You can find their website here.

8) Nearpay

8) Nearpay

Nearpay is a FinTech firm that specializes in payment acceptance.

Details of the startup:

  • Started in: 2020
  • Industries: FinTech, Mobile Payments, Software
  • Number of employees: 1-10
  • Funding amount: $2,700,000
  • Number of funding rounds: 2
  • Number of investors: 1

You can find their website here.

9) Fordeal

9) Fordeal

Fordeal is a cross-border purchasing marketplace for lifestyle products.

Details of the startup:

  • Started in: 2017
  • Founders: Jian Yu
  • Industries: E-Commerce
  • Number of employees: 51-100
  • Funding amount: $20,000,000
  • Number of funding rounds: 2
  • Number of investors: 2

You can find their website here.

10) Lendo

10) Lendo

Lendo is a fintech startup that provides a peer-to-peer lending platform with an emphasis on debt financing for small businesses.

Details of the startup:

  • Started in: 2019
  • Founders: Mohammed Jawabri, Osama AlRaee
  • Industries: Finance, Financial Services, FinTech
  • Number of employees: 11-50
  • Funding amount: $7,200,000
  • Number of funding rounds: 2
  • Number of investors: 5

You can find their website here.

11) ACWA Power

11) ACWA Power

ACWA Power is a power generation and renewable energy developer, investor, co-owner, and operator.

Details of the startup:

  • Started in: 2004
  • Industries: Renewable Energy
  • Number of employees: 1001-5000
  • Funding amount: $239,000,000
  • Number of funding rounds: 4
  • Number of investors: 8

You can find their website here.

12) Lean Technologies

12) Lean Technologies

Lean creates developer-friendly APIs that provide Fintechs access to customer financial data and the ability to initiate payments.

Details of the startup:

  • Started in: 2019
  • Founders: Aditya Sarkar, Ashu Gupta, Hisham Al-Falih
  • Industries: Developer Platform, Finance, Financial Services, FinTech, Information Technology, Mobile Apps, Software
  • Number of employees: 1-10
  • Funding amount: $3,500,000
  • Number of funding rounds: 2
  • Number of investors: 6

You can find their website here.

The All-In-One Newsletter for Startup Founders

Every week, I’ll send you Failory’s latest interviews and articles, curated resources for founders, and updates on how I’m growing the site to $10k/mo. Join +7,000 other startup founders!