About Rua Growth Fund
Rua Growth Fund is a venture capital firm founded in 2020. It is primarily based out of Riyadh, Saudi Arabia. As of Mar 2026, Rua Growth Fund is an active investor, having invested in 13 companies, with 4 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 FinTech and Consumer. Most recently it participated in the $***** Seed round of Helix Earth Technologies Overall, Rua Growth Fund portfolio has seen 1 acquisition, namely CoinMENA. A lot of funds co-invest with Rua Growth Fund, with names like ANB Capital sharing a substantial percentage of its portfolio. Rua Growth Fund has team of 5 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 1 more
Portfolio Acquisitions
Portfolio Soonicorns
Deals in last 12 months
Rua Growth Fund's List of Top Investments
Rua Growth Fund has a portfolio of 13 companies. Their most notable investments are in Ula and Carasti.Their portfolio spans across Saudi Arabia, United Arab Emirates, Bahrain and 3 more locations. They have invested in Enterprise Applications, FinTech, Consumer and 12 other sectors, across stages such as Series A, Seed and 1 more. Here is the list of top investments by Rua Growth Fund: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
- Employee Count: 344 as on May 31, 2026
- Investors: Impact46, SparkLabs Global Ventures and 15 Others
- Latest Funding Round: Series B, Jul 14, 2025, $*****
- Highlight: Editors' Pick
2. 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
- Employee Count: 54 as on May 31, 2026
- Investors: Impact46, RZM Investment and 5 Others
- Latest Funding Round: Series A, Nov 04, 2025, $*****
3. CoinMENA
Fintech company offering crypto assets trading platform. The website enables users to purchase, sell, send, receive, acquire, and store digital goods. It supports a variety of cryptocurrencies, including bitcoin, ethereum, ripple, litecoin, and bitcoin cash. It also delivers cryptocurrency related news and updates. It also offers a digital wallet that allows users to store, transfer, and manage balances.
Key facts about CoinMENA
- Founded Year: 2019
- Location: Manama (Bahrain)
- Stage: Acquired
- Total Funding till date: $9.5M
- Employee Count: 61 as on May 31, 2026
- Investors: BECO Capital, Alameda Research and 7 Others
- Latest Funding Round: Seed, Nov 07, 2021, $*****
- Highlight: Acquired
Provider of energy efficient HVAC systems. It provides a device that connects to an existing AC rooftop unit by using Helix MICRA filters and liquid desiccants which pre-dehumidifies supply air, dropping the load on the existing unit and lowering power needs.
Key facts about Helix Earth Technologies
- Founded Year: 2022
- Location: Houston (United States)
- Stage: Seed
- Total Funding till date: $17.9M
- Employee Count: 25 as on Mar 31, 2026
- Investors: Carnrite Ventures, National Science Foundation and 5 Others
- Latest Funding Round: Seed, Mar 27, 2026, $*****
- Highlight: Editors' Pick
5. SiFi
Provider of expense management platform for small and medium-sized enterprises. The platform offers tools for managing expenses, including real-time transaction tracking and custom approval workflows. It facilitates the issuance of physical and virtual cards with built-in controls. The platform automates accounting processes and streamlines employee reimbursements. It also provides payment solutions for local suppliers and international transfers.
Key facts about SiFi
- Founded Year: 2021
- Location: Riyadh (Saudi Arabia)
- Stage: Series A
- Total Funding till date: $30M
- Employee Count: 109 as on May 31, 2026
- Investors: MENA Venture Investments, Breyer Capital and 12 Others
- Latest Funding Round: Series A, Feb 11, 2026, $*****
Rua Growth Fund's Year-on-Year Investment Trends
Rua Growth Fund has invested in 13 companies over the last 5 years, with an average of 2 new investments annually in the last 5 years. In 2025, it made 4 investments, while as of Mar 2026, it has made 3 investments in this year. Its most recent first time investment was in Helix Earth Technologies and most recent follow-on round was in SiFi.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 1 | 3 |
2025 | 3 | 1 | 4 |
2024 | 3 | 0 | 3 |
2023 | 0 | 0 | 0 |
2022 | 3 | 1 | 4 |
2021 | 2 | 0 | 2 |
Rua Growth Fund's Investments by Stage
Rua Growth Fund has made 6 investments in Series A stage with an average round size of $13.8M, 5 investments in Seed stage with an average round size of $9.94M and 2 investments in Series B stage with an average round size of $17M.Stage of entry | No. of Investments |
|---|---|
Series A | 6 |
Seed | 5 |
Series B | 2 |
Note: We have considered here, only first round of investments
Rua Growth Fund's Investments by Sector
Rua Growth Fund has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Real Estate and Construction Tech, Consumer and Energy Tech. Notably, it has invested in 13 Tech companies, 9 Enterprise (B2B) companies, 7 Consumer (B2C) companies and at least 6 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 6 |
FinTech | 4 |
Real Estate and Construction Tech | 4 |
Consumer | 3 |
Energy Tech | 2 |
Others | 17 |
Note: We have considered here, only first round of investments
Rua Growth Fund's Investments by Geography
Rua Growth Fund has made most investments in Saudi Arabia (6), followed by United Arab Emirates where it has made 3 investments.Country | No. of Investments |
|---|---|
Saudi Arabia | 6 |
United Arab Emirates | 3 |
Bahrain | 1 |
Jordan | 1 |
Montenegro | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Rua Growth Fund's recent investments
Rua Growth Fund has made 3 investments in 2026 so far. Helix Earth Technologies and SiFi are the latest among them.Here are the most recent investments by Rua Growth Fund:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 27, 2026 | United States | Seed | 7562 | [+2] | |
Feb 11, 2026 | Saudi Arabia | Series A | 8521 | [+8] | |
Feb 09, 2026 | Saudi Arabia | Seed | 8752 | [+9] | |
Nov 04, 2025 | Saudi Arabia | Series A | 6496 | [+2] | |
Aug 25, 2025 | United Arab Emirates | Series A | 8377 | [+5] |
Acquired companies in Rua Growth Fund's Portfolio
1 company from Rua Growth Fund's portfolio has been acquired. The most recent acquisition was CoinMENA in Dec 2025 by Paribu for $*****.Here are Rua Growth Fund's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 05, 2025 | Nov 07, 2021 | Seed | 3118 |
Team profile of Rua Growth Fund
Rua Growth Fund has a team of 5 members including 2 Partners and 2 Principals located in Saudi Arabia and United Arab Emirates. Rua Growth Fund's team does not sit on the board of any company as of now.Here is a list of all team members in Rua Growth Fund:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Dubai | - | - | |
Partner | - | - | - | |
Principal | Saudi Arabia | - | ||
Principal | Saudi Arabia | - |
Co-investors of Rua Growth Fund
Over the past 5 years, 76 investors have co-invested in Rua Growth Fund's portfolio companies. This includes only funds.
- Invested before Rua Growth Fund: 500 Global, Salica Investments and 20 others have invested in rounds before Rua Growth Fund. There are 2 companies where 500 Global has invested before Rua Growth Fund and 2 companies where Salica Investments has invested before Rua Growth Fund.
- Top Co-investors of Rua Growth Fund: 45 investors entered a company along with Rua Growth Fund. These include investors like ANB Capital (4 companies).
- Invested after Rua Growth Fund: A total of 9 investors have invested in Rua Growth Fund's portfolio after their investments. Top Investors include Impact46 (1 company), Wa'ed Ventures (1 company) and Takamol (1 company).
Recent News related to Rua Growth Fund
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Helix Earth Technologies Secures $12M Seed 2 Funding to Scale HVAC TechnologyInnovationMap•Apr 28, 2026•The Skywriters, Textbook Ventures, Helix Earth Technologies, Carnrite Ventures and 2 others
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Helix Earth Raises $12M in Seed 2 FundingFinSMEs•Mar 27, 2026•Helix Earth Technologies, Carnrite Ventures, Ruaa Ventures, Textbook Ventures and 3 others
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Safqah Capital Raises $15.2 Million in Seed Funding Roundentarabi.com•Feb 09, 2026•Shorooq Partners, Rua Growth Fund, Safqah Capital, ANB Capital and 9 others
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Holo secures $22m in Series A to fuel growth in UAE, Saudi ArabiaGulf Business•Aug 26, 2025•Holo, Impact46, Mubadala, Salica Investments and 6 others
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Lucidya Secures USD30M in Largest AI Funding Round in MENAMeatechwatch•Jul 15, 2025•Lucidya, Impact46, Rua Growth Fund, SparkLabs and 2 others
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Lucidya, Saudi CX platform, raises $30 million Series B to scale Arabic AI agents for customer-facing rolesMENAbytes•Jul 15, 2025•Lucidya, Impact46, Wa'ed Ventures, Takamol and 2 others
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Ula Raises $28 Million in Series B Funding to Expand AI-Powered Learning Platformentarabi.com•Feb 11, 2025•Ula, Rua Growth Fund, Jordan Capital AM, Foursan Group and 2 others
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Jordan’s ISSF invests $5mln in Rua Growth I LPMy Startup World•Oct 30, 2024•Rua Growth Fund, Innovative Startups & SMES Fund
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Saudi Proptech Ejari Raises $14.65 Million to Expand RNPL ServicesStartup Scene•Oct 09, 2024•Ejari, Partners For Growth, BECO Capital, Rua Growth Fund and 2 others
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Intelmatix secures $20 million largest AI Series A round in the regionMy Startup World•Jul 30, 2024•Intelmatix Ai, Shorooq Partners, SVC, STV and 5 others
