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Download The List of the 100 Highest-Valued Unicorns

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The Founder's Handbook

Top 12 Startups in Ar Riyad in 2024

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Countless startups in the Ar Riyad are being launched every day.

Many fail because they did not learn from the success of other companies who've managed to rise above.

We just published this list of 12 well-known and fast-growing Ar Riyad companies that impressed investors.


12 Startups in the Ar Riyad

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2,189 Accelerators & Incubators

Information about the industries, countries, and cities they generally invest in.

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Complete Unicorns List
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1,016 Unicorns

Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.

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Complete Unicorns List
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1,190 Unicorns

Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.

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FinTech Investors
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250 FinTech Investors

List of startup investors in the FinTech industry, along with their Twitter, LinkedIn, and email addresses.

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BioTech & Health Investors
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250 BioTech & Health Investors

List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.

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AI Investors
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250 AI Investors

List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.

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1) Sary

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: $37,100,000
  • Funding rounds: 3
  • Number of investors: 9 (MSA Capital, Sahra Growth Capital, VentureSouq, Raed Ventures, rocketship.vc)

You can find their website here.

2) Tamara

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: $116,000,000
  • Funding rounds: 4
  • Number of investors: 9 (Checkout.com, Vision Ventures, Impact46, Musaab Hakami, SEEDRA)

You can find their website here.

3) Gathern

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: $6,000,000
  • Funding rounds: 3
  • Number of investors: 7 (500 Startups, Vision Ventures, STV, Misk 500 MENA Accelerator, Inspire Ventures)

You can find their website here.

4) unifonic

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: $21,000,000
  • Funding rounds: 1
  • Number of investors: 5 (Endeavor Catalyst, Raed Ventures, STV, Riyad TAQNIA Fund (RTF), Elm)

You can find their website here.

5) Nana

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: $28,959,999
  • Funding rounds: 4
  • Number of investors: 7 (Wamda Capital, Impact46, Middle East Venture Partners (MEVP), STV, Saudi Venture Capital)

You can find their website here.

6) Jahez

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: $36,500,000
  • Funding rounds: 2
  • Number of investors: 1 (Impact46)

You can find their website here.

7) Zid زد

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: $8,933,207
  • Funding rounds: 2
  • Number of investors: 6 (Entrée Capital, MSA Capital, Arzan Venture Capital, Global Ventures, Agility Ventures)

You can find their website here.

8) Nearpay

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: $2,700,000
  • Funding rounds: 2
  • Number of investors: 1 (Musaab Hakami)

You can find their website here.

9) Fordeal

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: $20,000,000
  • Funding rounds: 2
  • Number of investors: 2 (MSA Capital, Hillhouse Capital Group)

You can find their website here.

10) Lendo

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: $7,200,000
  • Funding rounds: 2
  • Number of investors: 5 (500 Startups, Shorooq Partners, Impact46, SEEDRA, Derayah Venture Capital)

You can find their website here.

11) ACWA Power

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: $239,000,000
  • Funding rounds: 4
  • Number of investors: 8 (European Bank for Reconstruction and Development, Saudi Arabia's Public Investment Fund, African Development Bank, Arab Bank, Silk Road Fund)

You can find their website here.

12) Lean Technologies

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: $3,500,000
  • Funding rounds: 2
  • Number of investors: 6 (500 Startups, Global Founders Capital, Shorooq Partners, Raed Ventures, Outliers Venture Capital)

You can find their website here.

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