About Raed Ventures
Raed Ventures is a venture capital firm founded in 2015. It is primarily based out of Riyadh, Saudi Arabia. As of Aug 2026, Raed Ventures is an active investor, having invested in 61 companies, with 5 new investments in the last 12 months. It primarily invests in Series A round in Saudi Arabia based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and FinTech. Most recently it participated in the $***** Seed round of XSquare Overall, Raed Ventures portfolio has seen 1 unicorn, 1 IPO and 3 acquisitions including key companies like Tabby, Swvl and Tweeq. A lot of funds co-invest with Raed Ventures, with names like 500 Global sharing a substantial percentage of its portfolio. Raed Ventures has team of 21 people including 4 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Portfolio IPOs
Portfolio Unicorns
Portfolio Soonicorns
Raed Ventures' List of Top Investments
Raed Ventures has a portfolio of 61 companies, one of which is a Unicorn. Their most notable investments are in Wafeq and Tweeq.Their portfolio spans across Saudi Arabia, United Arab Emirates, Egypt and 5 more locations. They have invested in Enterprise Applications, Consumer, FinTech and 23 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by Raed Ventures:1. Tabby
Provider of purchase financing solutions for businesses. The platform enables users to purchase from multiple online stores and allows to repay the amount in equal installments. It offers a credit card offering buy now pay later loans with installment-based repayment options. It allows users to split purchases into four interest-free payments, both online and in-store. The platform also offers shopping assistant that lets users discover and track products, brands and deals in the application.
Key facts about Tabby
- Founded Year: 2019
- Location: Riyadh (Saudi Arabia)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $837M
- Employee Count: 4,672 as on Aug 31, 2026
- Investors: Mubadala, Wellington and 29 Others
- Latest Funding Round: Series F, Sep 14, 2026, $*****
- Highlight: Editors' Pick
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2. Swvl
App-based platform for shuttle services. It offers a platform where users can book buses and vans which can be shared by users going the same routes. It offers features like real-time tracking, variant payment options, etc. It also extends its services for businesses. The mobile app is available for iOS and Android devices.
Key facts about Swvl
- Founded Year: 2017
- Location: Cairo (Egypt)
- Stage: Public
- Total Funding till date: $100M
- Employee Count: 609 as on Aug 31, 2026
- Investors: Chimera, MSA Capital and 29 Others
- Latest Funding Round: Post IPO, Aug 31, 2026, $*****
- Highlight: Public
3. FreshToHome
Online retailer of fresh fish, poultry, mutton, and ready-to-cook items. The business provides various cuts of chicken, fish, and goat meat. Ready-to-cook products such as samosas, cutlets, sausages, and curries are available. The retailer also provides combo packs, steaks, fillets, Indian breads, and dairy products.
Key facts about FreshToHome
- Founded Year: 2015
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $320M
- Employee Count: 302 as on May 31, 2025
- Investors: Amazon, Crescent Enterprises and 98 Others
- Latest Funding Round: Venture Debt, Jan 02, 2026, $*****
- Highlight: Editors' Pick
4. Noon
App-based platform offering online tutoring solutions for students. The platform allows students to join live interactive classes with gamified peer learning features, practice questions, learn in groups, and more. Its app is available for Android and iOS devices.
Key facts about Noon
- Founded Year: 2013
- Location: Riyadh (Saudi Arabia)
- Stage: Series B
- Total Funding till date: $62.6M
- Employee Count: 527 as on Aug 31, 2026
- Investors: UBS, STV and 16 Others
- Latest Funding Round: Series B, Nov 02, 2023, $*****
- Highlight: Editors' Pick
5. Foodics
Cloud-based POS and restaurant management system for efficient operations. Offers a comprehensive suite of solutions designed to streamline restaurant management, from point of sale to accounting. Their offerings include features like online ordering, waiter apps, kitchen display screens, and customer loyalty programs. They provide tools for businesses to manage payments, inventory, and customer relationships effectively. The platform integrates various applications through an app marketplace, enhancing business capabilities in areas like marketing, accounting, delivery, and online ordering. They empower restaurants to optimize daily operations, improve customer service, and gain valuable business insights through business intelligence tools. They offer resources like a help center, blog, and partner programs, supporting businesses in the food and beverage industry. They provide pricing options and demo requests, catering to diverse business needs with solutions like self-ordering, pay at table, and Foodics Pay.
Key facts about Foodics
- Founded Year: 2014
- Location: Riyadh (Saudi Arabia)
- Stage: Series C
- Total Funding till date: $194M
- Employee Count: 1,139 as on Sep 30, 2026
- Investors: Prosus, PROSPER and 15 Others
- Latest Funding Round: Series C, Aug 01, 2025, $*****
- Highlight: Editors' Pick
Raed Ventures' Year-on-Year Investment Trends
Raed Ventures has invested in 61 companies over the last 10 years, with an average of 6 new investments annually in the last 10 years. In 2025, it made 12 investments, while as of Aug 2026, it has made 7 investments in this year. Its most recent first time investment was in XSquare and most recent follow-on round was in Aya.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 5 | 2 | 7 |
2025 | 9 | 3 | 12 |
2024 | 3 | 2 | 5 |
2023 | 2 | 2 | 4 |
2022 | 6 | 2 | 8 |
2021 | 10 | 7 | 17 |
2020 | 4 | 3 | 7 |
2019 | 4 | 0 | 4 |
2018 | 6 | 3 | 9 |
2017 | 5 | 0 | 5 |
Raed Ventures' Investments by Stage
Raed Ventures has made 34 investments in Seed stage with an average round size of $5.96M, 18 investments in Series A stage with an average round size of $13.2M, 3 investments in Series B stage with an average round size of $69.1M, 1 investment in Series C stage with an average round size of $121M and 1 investment in Series D stage with an average round size of $110M.Stage of entry | No. of Investments |
|---|---|
Seed | 34 |
Series A | 18 |
Series B | 3 |
Series C | 1 |
Series D | 1 |
Note: We have considered here, only first round of investments
Raed Ventures' Investments by Sector
Raed Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, FinTech, Retail and Vertical SaaS. Notably, it has invested in 57 Tech companies, 38 Enterprise (B2B) companies, 38 Software companies and at least 25 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 23 |
Consumer | 21 |
FinTech | 18 |
Retail | 17 |
Vertical SaaS | 8 |
Others | 51 |
Note: We have considered here, only first round of investments
Raed Ventures' Investments by Geography
Raed Ventures has made most investments in Saudi Arabia (24), followed by United Arab Emirates where it has made 14 investments.Country | No. of Investments |
|---|---|
Saudi Arabia | 24 |
United Arab Emirates | 14 |
Egypt | 9 |
United States | 5 |
India | 2 |
Others | 3 |
Note: We have considered here, only first round of investments
Raed Ventures' recent investments
Raed Ventures has made 7 investments in 2026 so far. XSquare and Xsquare are the latest among them.Here are the most recent investments by Raed Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 20, 2026 | United Arab Emirates | Seed | 2074 | [+2] | |
Aug 20, 2026 | - | Seed | 8567 | [+2] | |
Jul 15, 2026 | Saudi Arabia | Seed | 7450 | ||
May 14, 2026 | Saudi Arabia | Series A | 6664 | [+3] | |
Apr 21, 2026 | Saudi Arabia | Series A | 2201 | [+3] |
Unicorns in Raed Ventures' Portfolio
Raed Ventures has 1 unicorn in its portfolio - Tabby. The most recent unicorn in their portfolio is Tabby which became a unicorn in 2023, 3 years after Raed Ventures first invested in it.Here is a list of unicorns in Raed Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
83 | Provider of purchase financing solutions for businesses | 2019 | Riyadh | Series F | gebapor |
IPOs and Publicly Listed companies in Raed Ventures' Portfolio
1 of Raed Ventures' portfolio company became public - Swvl. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Mar 2021 at marketcap of $4.77MHere are Raed Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 31, 2021 | Mar 2018 | Series A | 7416 |
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Acquired companies in Raed Ventures' Portfolio
3 companies from Raed Ventures' portfolio have been acquired. The most recent acquisition was Tweeq in Sep 2024 by Tabby for $*****.Here are Raed Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 03, 2024 | Jun 21, 2021 | Seed | 7752 | |
Aug 15, 2022 | Jan 23, 2017 | Seed | 3736 | |
Jul 14, 2021 | 2016 | Seed | 9845 |
Team profile of Raed Ventures
Raed Ventures has a team of 21 members including 4 Partners, 1 Venture Partner and 3 Principals located in Saudi Arabia and United Arab Emirates. Raed Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in Raed Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | United Arab Emirates | - | ||
Partner | Saudi Arabia | - | ||
Partner | Saudi Arabia | - | ||
Partner | Riyadh | - | ||
Venture Partner | Saudi Arabia | - | ||
Principal | Saudi Arabia | - | ||
Principal | United Arab Emirates | - | ||
Principal | United Arab Emirates | - |
Co-investors of Raed Ventures
Over the past 10 years, 399 investors have co-invested in Raed Ventures's portfolio companies. This includes funds and angels.
- Invested before Raed Ventures: 500 Global, Global Founders Capital and 105 others have invested in rounds before Raed Ventures. There are 3 companies where 500 Global has invested before Raed Ventures and 2 companies where Global Founders Capital has invested before Raed Ventures.
- Top Co-investors of Raed Ventures: 142 investors entered a company along with Raed Ventures. These include investors like 500 Global (8 companies).
- Invested after Raed Ventures: A total of 150 investors have invested in Raed Ventures's portfolio after their investments. Top Investors include Endeavor (9 companies), STV (7 companies) and Sanabil (5 companies).
Recent News related to Raed Ventures
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XSquare Secures Pre-Seed Funding for B2B Payments Expansion in Saudi ArabiaIncubees•Aug 21, 2026•XSquare, Raed Ventures
•
Think Closes MENA's Largest AI Infrastructure Pre-Seed Round at Over $8 MillionPR Newswire•Jul 15, 2026•Raed Ventures, Wa'ed Ventures
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Saudi Fintech Stitch Raises $25 Million in Series A Funding Led by Andreessen HorowitzentARABI•May 14, 2026•Stitch, Andreessen Horowitz, COTU Ventures, SVC and 2 others
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Aya Raises $7 Million Series A to Scale On-Demand Fashion ModelTechMoran•Apr 21, 2026•Nuwa Capital, Raed Ventures, Aya
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Saudi Tech Startup Signit Raises $15M in Series A Led by Raed VenturesCairoScene•Apr 21, 2026•Takamol, Suhail, Signit, Seedra Ventures and 3 others
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TPG, Sanabil lead $157mln fundraise for Saudi fintech HALAZawya•Sep 15, 2025•Tpg, Hala, Sanabil, TPG and 14 others
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Kamco Invest Acquires Stake in Saudi Foodtech Leader FoodicsMeatechwatch•Jul 31, 2025•Kamco Invest, Foodics, Sequoia Capital, Endeavor and 4 others
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Saudi VC Joins $10M Seed Round of Fintech Company StitchStartupNews•May 29, 2025•Stitch South Africa, Arbor Ventures, COTU Ventures, Raed Ventures
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Sylndr Secures $15.7M Series A Funding to Revolutionize Egypt's Used Car MarketIncubees•May 23, 2025•Sylndr, Development Partners International, Algebra Ventures, Nuwa Capital and 4 others
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Sylndr Raises $15.7M to Expand Mobility Ecosystem in Egypt’s Used-Car MarketInnovation-village•May 20, 2025•Sylndr, Development Partners International, Algebra Ventures, Nuwa Capital and 2 others
