SaaS startups in GCC
There are 2,896 SaaS startups in GCC which include Lucidya, Klasha, RedBox, Telegram, Bonat. Out of these, 322 startups are funded, with 73 having secured Series A+ funding, and 1 achieving unicorn status.
Over the past 10 years, an average of 185 new companies have been launched annually. Notably, several of these startups have been founded by alumni of INSEAD, Stanford University and University of Oxford.
Here is the list of top SaaS startups in GCC
1. Lucidya
Lucidya is a location based social media monitoring and analytics tool. Claims to analyze both current and historical social media content in real-time using its patented big spatial data search engine - SpatialSwift. Offers street-level location-based analysis using Hawk Eye. Provides real time alerts, competitive analysis and benchmarking dashboard, customizable dashboard and reporting.
Key facts about Lucidya
- Founded Year: 2015
- Location: Jeddah (Saudi Arabia)
- Stage: Series B
- Total Funding till date: $37.1M
- Investors: Impact46, Abunayyan Holding and 14 Others
- Latest Funding Round: Series B, Jul 14, 2025, $*****
- Tracxn Score: 69/100 What is this?
- Competitors Rank: 1 of 2 Competitors
2. Klasha
Platform offering cross-border commerce and payment solutions. It offers solutions like API integration, selling link creation, payment management, data protection, KYC verification, and more. The platform also allows B2C commerce. Its mobile app is available for iOS users
Key facts about Klasha
- Founded Year: 2017
- Location: Dubai (United Arab Emirates)
- Stage: Seed
- Total Funding till date: $6.64M
- Investors: American Express, Greycroft and 27 Others
- Latest Funding Round: Seed, Oct 15, 2024, $*****
- Tracxn Score: 69/100 What is this?
_1578549064947.png?format=webp&height=120&width=120){kind=logo}
3. RedBox
Provider of smart lockers access points for receiving parcels. It allows users to receive their packages in the lockers, then the driver will drop off the package at the selected locker, and users can collect their package using the PIN code sent to them via SMS. The platform can be integrated into various eCommerce websites. Its app is available on the Android and iOS platforms.
Key facts about RedBox
- Founded Year: 2019
- Location: Riyadh (Saudi Arabia)
- Stage: Series A
- Total Funding till date: $12M
- Investors: raf-investments.com, Mad'a Investment and 2 Others
- Latest Funding Round: Series A, Oct 04, 2023, $*****
- Tracxn Score: 68/100 What is this?
- Competitors Rank: 1 of 3 Competitors
4. Telegram
Provider of cloud-based mobile and desktop messaging application with security features. The application offers encrypted messaging and file sharing across multiple devices. It facilitates both individual and group communication, supporting large communities. The platform provides an open API and source code for customization and integration.
Key facts about Telegram
- Founded Year: 2013
- Location: Dubai (United Arab Emirates)
- Stage: Series D
- Total Funding till date: $150M
- Investors: Mubadala, Abu Dhabi Catalyst Partners and 27 Others
- Latest Funding Round: Conventional Debt, Mar 18, 2024, $*****
- Tracxn Score: 67/100 What is this?
- Competitors Rank: 4 of 836 Competitors
5. Bonat
Platform offering app based loyalty software. It lets users collect points, get rewarded, buy gift cards and gift their friends. It generates a personal QR code that can be used in partnered shops whenever they buy something they can scan then get rewarded. It provides a web interface to manage a loyalty program that includes data analytics, feedback, customer communication, and sends gifts.
Key facts about Bonat
- Founded Year: 2018
- Location: Riyadh (Saudi Arabia)
- Stage: Series A
- Total Funding till date: $6M
- Investors: Impact46, tali ventures and 5 Others
- Latest Funding Round: Series A, Nov 04, 2025, $*****
- Tracxn Score: 66/100 What is this?
- Competitors Rank: 1 of 35 Competitors
