Inspire Ventures

Inspire Ventures is a venture capital company headquartered in Riyadh, Saudi Arabia, specializing in investing in seed and early-growth stage companies. Their focus is on providing funding and support to innovative startups to help them grow and succeed in their respective industries. With a strong presence in the Saudi Arabian market, Inspire Ventures plays a vital role in the development and expansion of promising businesses, contributing to the overall entrepreneurial ecosystem in the region.

Rakan Alakeel

Founder and Partner

6 past transactions

Gathern

Seed Round in 2018
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.

WakeCap Technologies

Seed Round in 2018
WakeCap Technologies specializes in IoT-based solutions aimed at enhancing safety and productivity within the construction industry. The company provides a platform that allows construction firms to monitor and report on various site activities in real-time, including the tracking of materials, equipment, and workforce presence. By utilizing Internet-of-Things sensors and real-time data analytics, WakeCap empowers construction companies to optimize resource allocation, improve operational efficiency, and make informed decisions based on valuable insights. This innovative approach helps streamline processes, thereby transforming workforce management and contributing to safer and more productive construction environments.

WakeCap Technologies

Convertible Note in 2018
WakeCap Technologies specializes in IoT-based solutions aimed at enhancing safety and productivity within the construction industry. The company provides a platform that allows construction firms to monitor and report on various site activities in real-time, including the tracking of materials, equipment, and workforce presence. By utilizing Internet-of-Things sensors and real-time data analytics, WakeCap empowers construction companies to optimize resource allocation, improve operational efficiency, and make informed decisions based on valuable insights. This innovative approach helps streamline processes, thereby transforming workforce management and contributing to safer and more productive construction environments.

Salla

Seed Round in 2018
Salla is a Saudi-based e-commerce platform that empowers users to establish their own online stores in Arabic, facilitating the sale of products and services directly to customers. The platform allows users to create branded stores with personalized domain names and design options. Store owners can effectively manage their inventory through Salla’s website or mobile application. Additionally, Salla offers a variety of features, including marketing tools, automated invoicing, and performance reports, which aid merchants in enhancing their sales and customer engagement. Users benefit from capabilities such as customer database management, the ability to block customers, and options for promotions and discounts, all without incurring fees or commissions.

Malaeb

Seed Round in 2017
Malaeb Limited, founded in 2016 and based in Seef, Bahrain, has developed the Malaeb App, a community platform designed for football players. This application enables users to join and organize matches, as well as book football fields conveniently. It allows players to create teams, challenge other users, and participate in matches while maintaining real-time booking capabilities. The app also offers users the ability to manage their profiles, showcasing their activities and reviews, thereby enhancing the overall experience of finding and reserving pitches in their vicinity.

Ngwah

Seed Round in 2017
Ngwah is an online food delivery service established in 2017, operating primarily in Riyadh. The platform leverages advanced technologies developed by local Saudi engineers, utilizing machine learning and artificial intelligence to enhance customer experience. Ngwah's system enables users to place multiple orders simultaneously without any minimum charge and offers real-time order tracking on a map. Its intelligent menu curates food and restaurant options tailored to individual preferences, ensuring timely delivery of meals across the city.
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