AlRajhi Partners

AlRajhi Partners is a venture capital investment firm based in Riyadh, Saudi Arabia, founded in 2019. It is owned by members of the AlRajhi family, known for founding one of the world's first and largest Islamic banks. The firm specializes in public equities, private equity, and real estate investments, with a particular focus on technology and real estate sectors. AlRajhi Partners aims to leverage its extensive experience and network to identify and support promising companies in these fields.

Abdulsalam AlRajhi

Managing Director and Board Member

7 past transactions

Invygo

Series A in 2024
Invygo is the first and largest car subscription service in the MENA region, established in 2018 by Eslam Hussein and Pulkit Ganjoo in Dubai, UAE. The company offers consumers a seamless app-based platform that provides access to passenger cars through an all-inclusive monthly subscription model, allowing users to customize their subscriptions on a month-to-month basis without the financial burdens typically associated with car ownership. Invygo's service enables customers to easily subscribe to and return vehicles, with payments covering insurance, maintenance, breakdown support, and concierge assistance. Additionally, the platform offers dealers an innovative business model to generate revenue while minimizing depreciation and operational costs.

Soum

Series A in 2023
‍Soum is reimagining recommence in the MENA region and beyond by building the most convenient, trustworthy, and transparent recommence marketplace, starting with consumer electronics in Saudi Arabia.

FlyAkeed

Series A in 2023
FlyAkeed is a digital platform that aims to enhance corporate travel experiences through comprehensive automation. It functions as an online travel agency, travel management company, and expense management solution, catering to the needs of businesses and their employees. The platform provides real-time solutions for various aspects of travel, including searching, booking, approvals, ticketing, and invoicing, all while incorporating automatic corporate discounts. This enables multiple departments, such as Travel Management, Finance, and HR, to optimize cost efficiency. Additionally, FlyAkeed allows employees to access the same streamlined services and corporate benefits for their personal travel, thereby creating a versatile travel management ecosystem.

Calo

Seed Round in 2022
Calo is a direct-to-consumer food tech company that specializes in personalized meal subscriptions. The company’s app calculates the specific calories and macronutrients users require, delivering ready-to-eat meals tailored to their fitness goals. By matching users with chef-prepared meals, Calo ensures high-quality food that caters to busy lifestyles. The platform offers a diverse range of meal plans based on individual dietary needs, facilitated by nutritionist-approved algorithms. With a user-friendly interface, the Calo app allows users to analyze their nutritional requirements and subscribe to meal plans in under two minutes, providing a convenient solution for those seeking healthy food options delivered directly to their doorstep.

Invygo

Series A in 2022
Invygo is the first and largest car subscription service in the MENA region, established in 2018 by Eslam Hussein and Pulkit Ganjoo in Dubai, UAE. The company offers consumers a seamless app-based platform that provides access to passenger cars through an all-inclusive monthly subscription model, allowing users to customize their subscriptions on a month-to-month basis without the financial burdens typically associated with car ownership. Invygo's service enables customers to easily subscribe to and return vehicles, with payments covering insurance, maintenance, breakdown support, and concierge assistance. Additionally, the platform offers dealers an innovative business model to generate revenue while minimizing depreciation and operational costs.

Mamo

Series A in 2021
Mamo is a Fintech startup based in Dubai, UAE, focused on providing innovative payment and financial solutions tailored for small and medium-sized enterprises (SMEs). The company operates under a Cat 3C Providing Money Services license from the Dubai Financial Services Authority, making it the first licensed Fintech startup in this category in the region. Mamo's flagship offering, Mamo Business, serves as an alternative to traditional banking for SMEs, combining payments, spend management, and analytics into a user-friendly platform. This platform enables businesses to accept payments globally in multiple currencies, manage expenses, and issue virtual cards, thereby streamlining financial operations and enhancing payment success rates. Mamo's diverse customer base includes a variety of sectors, such as B2B services, healthcare, tourism, and retail, making it a crucial partner for businesses looking to optimize their financial processes.

Mamo

Seed Round in 2020
Mamo is a Fintech startup based in Dubai, UAE, focused on providing innovative payment and financial solutions tailored for small and medium-sized enterprises (SMEs). The company operates under a Cat 3C Providing Money Services license from the Dubai Financial Services Authority, making it the first licensed Fintech startup in this category in the region. Mamo's flagship offering, Mamo Business, serves as an alternative to traditional banking for SMEs, combining payments, spend management, and analytics into a user-friendly platform. This platform enables businesses to accept payments globally in multiple currencies, manage expenses, and issue virtual cards, thereby streamlining financial operations and enhancing payment success rates. Mamo's diverse customer base includes a variety of sectors, such as B2B services, healthcare, tourism, and retail, making it a crucial partner for businesses looking to optimize their financial processes.
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