Tech Invest Com

Tech Invest Com is a growth-stage investment firm established in 2005 and headquartered in Riyadh, Saudi Arabia. The firm specializes in identifying and investing in high-potential opportunities within the technology sector, focusing on various industries including B2B, SaaS, fintech, proptech, insurtech, internet of things, analytics, health tech, and logistics. Tech Invest Com primarily targets companies in the Middle East and North Africa, particularly in the Gulf Cooperation Council (GCC) countries. The firm aims to maximize shareholder returns while enhancing the value of its investment portfolio companies.

Hashim Alawadi

Co-CEO

Salah Rashed Al Rashed

Chairman of the Board of Directors

17 past transactions

Merit Incentives

Series B in 2025
Merit Incentives specializes in enhancing customer and employee engagement through a comprehensive platform that incorporates innovative technologies. The company offers a range of services including customer loyalty programs, employee motivation strategies, sales incentives, and fulfillment of gifts and rewards. By focusing on program design and engagement strategies, Merit Incentives aims to strengthen client relationships and attract new customers in the MENA region.

Quantum Platform

Seed Round in 2024
Quantum Platform operates a business-to-business product platform that specializes in sampling solutions through data-driven processes. The company provides targeted sampling solutions by utilizing intelligent e-process integration, which focuses on active online shoppers based on specific criteria to enhance conversion rates. By collaborating with global fast-moving consumer goods companies and various exclusive online businesses, Quantum ensures that samples reach the intended audience efficiently. Additionally, the platform supports specialized targeted sampling campaigns and online sampling initiatives, leveraging data-driven models to optimize marketing efforts. Through its services, Quantum Platform aims to facilitate effective market research and product testing, ultimately helping enterprises improve their business outcomes and profitability.

Simplified Financial Solutions Company

Seed Round in 2024
Simplified Financial Solutions Company offers startups and SMEs financial management solutions including the ability to issue virtual and physical corporate cards, manage spending and automate expense reporting.

Merit Incentives

Series B in 2024
Merit Incentives specializes in enhancing customer and employee engagement through a comprehensive platform that incorporates innovative technologies. The company offers a range of services including customer loyalty programs, employee motivation strategies, sales incentives, and fulfillment of gifts and rewards. By focusing on program design and engagement strategies, Merit Incentives aims to strengthen client relationships and attract new customers in the MENA region.

MBUZZ

Venture Round in 2022
MBUZZ servers, storage devices, and software are deployed by clients to digitally transform their services. To ensure that their customers' critical applications run constantly, perform properly, and grow with business needs, they offer a range of hardware, software, analytics, and services.

Retailo

Series A in 2022
Retailo is an online B2B marketplace focused on digitizing the retail supply chain in the MENAP region. Founded in July 2020 by former Careem executives, the company is headquartered in Riyadh, Saudi Arabia. Retailo has rapidly emerged as a leading startup, serving over 35,000 active retailers who can access more than 2,000 stock-keeping units (SKUs) through its app, with deliveries made within 24 hours of order placement. The company operates multiple warehouses across various cities in the MENAP region, managing a vast inventory from hundreds of brands, including direct partners. With a workforce of over 500 employees, Retailo processes tens of thousands of orders each month. Its mission is to simplify retail operations and enhance supply chain accessibility, aiming to unlock the earning potential of 10 million small and medium-sized enterprise retailers across the region and contribute to the overall economic growth.

Merit Incentives

Series A in 2021
Merit Incentives specializes in enhancing customer and employee engagement through a comprehensive platform that incorporates innovative technologies. The company offers a range of services including customer loyalty programs, employee motivation strategies, sales incentives, and fulfillment of gifts and rewards. By focusing on program design and engagement strategies, Merit Incentives aims to strengthen client relationships and attract new customers in the MENA region.

Gathern

Series A in 2021
Gathern operates a vacation rental marketplace based in Riyadh, Saudi Arabia, founded in 2016. The platform enables users to easily book a diverse range of accommodations, including villas, chalets, apartments, farms, caravans, desert cottages, and campsites. Gathern allows property owners to list their rentals directly without the need for a rental license, providing a hassle-free way for hosts to monetize their properties. The service caters to travelers and adventure seekers looking for convenient and varied lodging options.

Quantum Platform

Seed Round in 2021
Quantum Platform operates a business-to-business product platform that specializes in sampling solutions through data-driven processes. The company provides targeted sampling solutions by utilizing intelligent e-process integration, which focuses on active online shoppers based on specific criteria to enhance conversion rates. By collaborating with global fast-moving consumer goods companies and various exclusive online businesses, Quantum ensures that samples reach the intended audience efficiently. Additionally, the platform supports specialized targeted sampling campaigns and online sampling initiatives, leveraging data-driven models to optimize marketing efforts. Through its services, Quantum Platform aims to facilitate effective market research and product testing, ultimately helping enterprises improve their business outcomes and profitability.

Tamara

Pre Seed Round in 2020
Tamara is a prominent shopping and payments platform based in Riyadh, Saudi Arabia, and serves the GCC region. Founded by Abdulmajeed Alsukhan and his partners, the company aims to transform the shopping, payment, and banking experience for consumers. With a workforce of over 350 employees, Tamara has established a significant presence, operating offices in the UAE, Egypt, Germany, and Vietnam. Since its inception in September 2020, Tamara has raised approximately $366 million in both equity and debt from notable investors, including Sanabil Investments and Goldman Sachs. The platform boasts around 6 million customers and partners with more than 15,000 merchants, featuring a mix of global and regional brands as well as local small and medium enterprises. Tamara empowers merchants by providing flexible payment options through its application programming interfaces, allowing clients to increase sales by offering installment payment plans.

Crowd Analyzer

Series A in 2019
The 1st media and digital crowd monitoring, analytics and activation by which brands and agencies can understand people's opinions on social, analyze their content, ask them questions, and incentive them to do digital actions.

Bayzat

Series B in 2019
Bayzat LLC operates an online platform in the United Arab Emirates that allows users to compare and purchase health insurance policies. Established in 2013 and headquartered in Dubai, the company also provides a suite of services including Bayzat Benefits, which enables users to track their insurance policies, view benefits and exclusions, and access information about covered networks and nearby hospitals. In addition to health insurance, Bayzat offers car insurance services and human resource software solutions that help businesses manage employee records, track time off, and administer health benefits. By streamlining the insurance and payroll processes, Bayzat aims to enhance the overall employee experience for over 80,000 individuals, particularly focusing on small and medium-sized enterprises.

Foodics

Series A in 2019
Foodics is a technology company based in AlKhobar, Saudi Arabia, founded in 2014. It specializes in developing a cloud-based restaurant management system designed for iPads, catering to the needs of restaurants, food trucks, cafes, and fast-food chains across the Middle East. The platform offers comprehensive solutions including point-of-sale transactions, inventory management, employee scheduling, loyalty programs, e-commerce integration, and real-time operational oversight through a user-friendly dashboard. Foodics aims to enhance revenue generation and customer relationships for its clients by providing high-tech, easy-to-use tools that streamline restaurant operations.

Mumzworld

Secondary Market in 2019
Mumzworld.com is the leading e-commerce platform in the Middle East focused on products for mothers, babies, and children, serving over 2 million customers across the MENA region and shipping to more than 20 countries. The platform features an extensive catalog of over 200,000 items from more than 2,000 global and regional brands, making it a comprehensive resource for mothers seeking unique and essential products. Users can conveniently search, compare, and purchase a wide range of childcare items, educational toys, and maternity products, supported by detailed information and reviews to aid decision-making. Recognized as a pioneer in the e-commerce landscape for mothers, Mumzworld.com has partnered with major FMCG brands and secured exclusive distribution rights for numerous products, enhancing its offerings and solidifying its reputation as a vital online resource for families.

Alfan

Seed Round in 2019
Alfan Group is a digital media company and content creator solutions platform based in Dubai, United Arab Emirates, with an additional office in Toronto, Canada. Founded in 2011, Alfan provides tools and services that help content creators manage their businesses effectively. The platform enables creators to understand their audience better, track earnings, and explore new opportunities. Alfan partners with over 30 social media platforms, including YouTube, TikTok, Spotify, and Instagram, functioning as a multi-creator network that connects creators with brands and fans. The company's mission is to enhance the revenue potential of creators by uniting them with advertising tools and services.

The Luxury Closet

Series C in 2018
The Luxury Closet is a pioneering online marketplace in the GCC region dedicated to the buying, selling, and consignment of luxury items, with a focus on pre-owned products. By ensuring the authenticity and integrity of each item, the platform allows customers to purchase designer goods at discounted prices. With its significant market reach and impressive scalability, The Luxury Closet has experienced rapid growth, achieving double-digit monthly increases in sales since its inception. The platform serves as a trusted venue for individuals seeking to access authentic luxury items while promoting a sustainable approach to fashion consumption.

Globitel

Venture Round in 2009
Globitel, established in 1996 and headquartered in Amman, Jordan, specializes in providing comprehensive telecom and customer care solutions for mobile operators and call centers both locally and internationally. The company offers a variety of roaming solutions, including IP Roaming, Bill Shock Preventer, RoamSalute, and RoamAnalyze, which enhance mobile services for inbound and outbound roaming subscribers. Additionally, Globitel provides value-added services such as the My New Number platform, Ring Back Tone customization, Call Screening, and a Call Collect Platform for prepaid subscribers. Its network solutions encompass data rating and charging systems as well as SMS filtration and management tools. Globitel also delivers customer care solutions, featuring SpeechLog for call recording, Workforce Management for agent scheduling, and a Performance Management Platform to evaluate call center operations. With operations extending to over 25 countries, Globitel is recognized for its technical expertise and innovative approach in the telecom industry.
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