Impact46

Established in 2019 and headquartered in Riyadh, Saudi Arabia, Impact46 is an asset management company specializing in alternative investments. It caters to a diverse range of clients including institutions, family groups, endowments, and high net worth individuals, offering innovative investment products and services.

Reema Almahfouz

Community Associate

Abdulaziz Alotaibi

Investment associate

Basmah Alsinaidi

Partner, Vice Chairman and Director and Head of Asset Management

56 past transactions

Spoilz

Seed Round in 2025
Spoilz is a gaming studio based in Riyadh, Saudi Arabia. It develops engaging interactive adventure games for mobile and personal computers, with a focus on incorporating elements of Saudi identity.

Cipher

Venture Round in 2024
Cipher is a cybersecurity company and it offers threat detection, security awareness training recovery to guarantee business continuity.

Mala'a

Series A in 2024
Mala'a Technologies is a developer of a financial platform that offers a comprehensive solution for personal finance management. The platform enables users to manage multiple bank accounts from a single location, facilitating expense tracking, budgeting, and monitoring credit. By analyzing spending behavior, Mala'a provides personalized recommendations, empowering individuals to make informed financial decisions and effectively reduce expenses. Through its user-friendly interface and direct bank connections, the company aims to enhance financial awareness and improve the overall management of personal finances.

Syarah

Series C in 2024
Founded in 2015, Syarah operates an online marketplace for buying and selling new and used cars. Based in Riyadh, Saudi Arabia, the company streamlines car purchases by connecting buyers directly with sellers, offering daily updated listings and facilitating financing options through various banks.

CloudShelf

Funding Round in 2024
CloudShelf specializes in providing logistical solutions for e-commerce businesses, focusing on micro fulfillment services. The company aims to enhance the efficiency of online stores by offering technical services and facilitating instant delivery. By enabling retailers to cover larger geographical areas and implement fast shipping options, CloudShelf helps e-stores boost their sales and expand their market reach. This support positions online retailers to compete in the rapidly growing quick-commerce sector.

Cognna

Seed Round in 2023
Cognna is a SaaS cybersecurity company that specializes in using cognitive technology to bolster security operations. It offers innovative solutions for proactive threat detection, anomaly identification, and adaptive risk management. The company's mission is to simplify complex forensic analysis and equip security analysts with intelligence insights, enabling them to gain comprehensive understanding of threats and ensure full regulatory compliance.

Al Matar Group

Venture Round in 2023
Al Matar Group provides individuals and businesses with technical travel solutions.

almatar

Venture Round in 2023
almatar is a new Saudi OTA. Providing travel services, information, and resources about travelling anywhere around the world. Through almatar you can make hotel reservations, book flights, get detailed accurate information about hundreds of destinations worldwide. Moreover, you can get tips and hacks about the place you are about to visit. And because we praise our Arabic Culture; Our services and programs are designed exclusively for families and individuals. Providing delightful trips to our Saudi Citizens with full respect to our precious culture. Aiming to empower and benefit them. Doing the best we can to provide them with the finest of all.

DataLexing

Seed Round in 2022
DataLexing is a data analytics software solutions provider based in Riyadh, Saudi Arabia, founded in 2018. The company offers a user-friendly platform designed for non-technical users, enabling them to analyze and present insights through various charts and AI models. Its innovative drag-and-drop analytics tool, combined with prebuilt templates, significantly reduces the time required to generate insights, transforming months of dashboard development into a matter of hours without the need for code modifications. This efficiency allows organizations to launch data products more quickly and cost-effectively, making DataLexing a valuable partner for businesses seeking to enhance their data analytics capabilities.

Zid زد

Series B in 2022
Zid is a cloud-based multi-channel commerce platform tailored for small and medium-sized businesses in Saudi Arabia. Founded in 2017 and headquartered in Riyadh, Zid enables merchants to create their own branded eStores while integrating with various supply chain players. The platform offers a comprehensive suite of tools that allow users to manage products and inventory, process orders and payments, ship products, and build customer relationships. It also provides analytics and reporting features, facilitating data-driven decision-making, and offers access to financing options. Zid's mission is to simplify the entry of retailers into electronic commerce, making it accessible and professional for businesses in the region.

ZenHR

Venture Round in 2022
ZenHR is a cloud-based human resources management system based in Amman, Jordan, with additional locations in Dubai and Riyadh. Founded in 2016, the company specializes in providing HR software solutions tailored for the Middle East and North Africa region. ZenHR's platform includes a comprehensive suite of features such as onboarding and offboarding, employee self-service, attendance and time tracking, payroll, and performance evaluation. The software is designed to comply with local labor laws, social insurance, tax regulations, and expat requirements, making it suitable for a wide range of clients from small and medium enterprises to larger organizations. By automating processes like salary calculations and offering user-friendly interfaces, ZenHR aims to enhance the overall HR experience for both departments and employees, facilitating a seamless transition from the hiring phase to retirement.

Homzmart

Venture Round in 2022
Homzmart Ltd. is an e-commerce platform based in Cairo, Egypt, that specializes in selling home furniture, décor, lighting, and various home supplies. Founded in 2019, the company facilitates connections between homeowners and home professionals, allowing users to browse an extensive selection of products while accessing reviews, expert advice, and articles on home improvement. Homzmart aims to create a community-driven environment that enhances the shopping experience for home-related needs, offering a diverse range of quality products at competitive prices. Through its platform, the company seeks to simplify the process of home furnishing and improvement for its customers.

Torod

Seed Round in 2022
Torod is an API aggregator that simplifies shipping for e-store owners. It enables them to choose the best carrier based on price, insurance, destination, and item value, with a straightforward setup process.

Spades

Angel Round in 2022
Spades enhances dining experiences by streamlining checkout processes for customers. This enables restaurants to focus on improving service quality, increasing table turnover, and encouraging staff tips.

Postpay

Series A in 2022
Founded in Dubai in 2019, Postpay is a fintech company offering buy now, pay later services. It enables consumers to split online payments into interest-free installments of three, six, or twelve months without additional fees.

Mala'a

Seed Round in 2022
Mala'a Technologies is a developer of a financial platform that offers a comprehensive solution for personal finance management. The platform enables users to manage multiple bank accounts from a single location, facilitating expense tracking, budgeting, and monitoring credit. By analyzing spending behavior, Mala'a provides personalized recommendations, empowering individuals to make informed financial decisions and effectively reduce expenses. Through its user-friendly interface and direct bank connections, the company aims to enhance financial awareness and improve the overall management of personal finances.

Taffi

Seed Round in 2022
Taffi is a personalized styling and shopping service that empowers individuals by providing tailored expert advice to help them express their unique styles. The company operates a profiling platform that utilizes artificial intelligence to curate outfits based on each customer's preferences. Taffi's platform allows users to experience fittings from the comfort of their homes, offering convenient free returns and access to stylists who select items from a range of quality local and international brands within their budget. With a commitment to integrity, trust, and customer satisfaction, Taffi serves clients across Saudi Arabia, the GCC, MENA, the UK, and the US, enabling them to save time and invest in their personal style.

Nana

Venture Round in 2022
Nana is an online grocery platform based in Saudi Arabia that specializes in providing doorstep deliveries of a diverse range of products. The platform offers an extensive selection of groceries, fruits, vegetables, cosmetics, electronics, bakery items, and flowers, allowing consumers to conveniently purchase items online. By focusing on home delivery, Nana aims to simplify the shopping experience for its users, making it easier for them to access essential goods from the comfort of their homes.

Dawul

Seed Round in 2022
Dawul is a platform facilitating social trading. It enables investors, particularly beginners, to explore automated trade execution methods, follow professional traders' portfolios and strategies, and analyze investment fund data.

Shttle

Seed Round in 2021
Shttle is a logistics company that provides a platform for real-time order management and logistics services for e-commerce and online sellers. The platform features real-time order management, smart tracking links, logistics services, IoT smart lockers, and round-the-clock pick-up and drop-off, enabling online businesses to reduce delivery costs and increase profits.

Shuttle

Seed Round in 2021
Shuttle is a digital logistics platform that utilizes IoT-based smart lockers to create efficient parcel drop-off and pick-up stations in urban areas. This innovative approach significantly enhances the operational efficiency of courier companies, reportedly increasing driver productivity by 400% while reducing costs by 70% compared to traditional delivery models. By enabling real-time order management and smart tracking, Shuttle supports e-commerce businesses in managing their orders more effectively. Additionally, the use of smart lockers contributes to a substantial reduction in CO2 emissions, promoting a more sustainable logistics solution. Through its services, Shuttle aims to lower delivery costs for online sellers, ultimately helping them increase their profits.

Raseed

Pre Seed Round in 2021
Raseed is a financial technology company that aims to simplify and democratize investing for users in the region. It develops an investment application that facilitates fast onboarding and instant account funding, enabling users to access US financial markets securely. The platform offers features such as fractional shares and low commissions, making investment opportunities more affordable and accessible. By breaking down barriers to wealth creation, Raseed promotes a culture of financial growth and encourages users to explore new avenues for investment.

Rasan

Venture Round in 2021
Founded in Riyadh, Saudi Arabia in 2015, Rasan specializes in innovative FinTech solutions for the Insurance and Banking sectors in the Gulf Region. The company focuses on streamlining financial transactions for individuals and businesses through pioneering digital platforms like Tameeni and Awal Mazad.

Telgani

Seed Round in 2021
Telgani is a car rental company founded in 2018 and based in Riyadh, Saudi Arabia. It offers an online portal and mobile application that allows customers to easily and quickly rent their preferred vehicles at competitive prices. The platform enables users to select their desired car and travel location while providing options to compare and book from nearby rental providers. This streamlined approach facilitates a convenient car rental experience for users.

Merit Incentives

Series A in 2021
Merit Incentives delivers gifts, rewards, and engagement solutions powered by innovative technologies for organizations in the Middle East and North Africa. The company provides a customer and employee engagement platform that aims to boost customer engagement and workforce motivation by enabling loyalty programs, sales incentives, and rewards fulfillment. Its offering covers program design, engagement strategy, and ongoing management to help clients strengthen relationships, improve retention, and attract new customers.

Raqamyah Platform

Seed Round in 2021
Raqamyah is a regulated peer-to-peer (P2P) financing platform based in Riyadh, Saudi Arabia, operating under the supervision of the Saudi Arabian Monetary Authority (SAMA). The company focuses on providing financial solutions to small and medium enterprises (SMEs) by connecting them directly with individual financiers. Through its innovative technology, Raqamyah offers a variety of financing options, including working capital, inventory financing, point-of-sale financing, and purchase order financing. This approach enables SMEs to access fast and affordable funding, supporting their growth and development in a competitive market.

Elmenus

Series C in 2021
Founded in 2011, Elmenus operates a food discovery platform that helps users find nearby restaurants and top dishes based on user ratings. It serves over 1 million monthly users across Egypt.

Syarah

Series B in 2021
Founded in 2015, Syarah operates an online marketplace for buying and selling new and used cars. Based in Riyadh, Saudi Arabia, the company streamlines car purchases by connecting buyers directly with sellers, offering daily updated listings and facilitating financing options through various banks.

Speero

Seed Round in 2021
Speero operates an online marketplace for buying new and used automotive spare parts. Founded in 2017, it offers specialized support for queries, quotations, and information.

Nejree

Series A in 2021
Nejree is an online platform and mobile application based in Riyadh, Saudi Arabia, specializing in the sale of sneakers from various brands. Founded in 2018, it is recognized as the first online specialized sneaker destination in the region. The company offers an extensive selection of products, including popular athletic brands such as Adidas, Nike, and Puma, as well as luxury labels like Fendi, D&G, Gucci, and Balenciaga. Nejree utilizes a try now, buy later model, which allows customers to try on products before making a purchase, eliminating upfront payment and enhancing the shopping experience.

Playhera

Seed Round in 2021
Playhera is a gaming and esports platform that serves as a comprehensive entry point for users within the esports ecosystem. It enables individuals to connect, compete, and challenge each other while promoting and recruiting talent on a global scale. The platform facilitates the organization of tournaments with ease, catering to various aspects of the gaming community. Additionally, it functions as a social media outlet for esports players, allowing users to share photos and videos, follow their favorite players and teams, and stay updated with the latest news and live streams in the esports world. By providing these features, Playhera enhances user engagement and participation in tournaments hosted on its platform.

Floward

Series B in 2021
Floward is an online flower and gifts eCommerce platform that offers a diverse selection of products, including flowers, cakes, balloons, and chocolate boxes, tailored for various occasions such as birthdays, anniversaries, and weddings. The company provides same-day delivery services sourced from both local and international brands, ensuring timely service for its customers. Floward has experienced aggressive expansion, currently operating in 36 cities across nine countries in the MENA region and the United Kingdom. In December 2020, it marked its first venture outside the Middle East by launching its platform in London, further broadening its reach and enhancing its service offerings.

Trukkin

Series A in 2021
Trukkin is a logistics technology company that operates a marketplace and a multi-lingual web and mobile platform designed to connect shippers and truckers with their transportation needs. The company focuses on innovating and simplifying the cargo movement industry, aiming to enhance efficiency, consistency, transparency, and reliability within the logistics ecosystem. By leveraging its non asset-based road network, Trukkin provides flexibility and improved service levels, along with real-time updates and accelerated delivery. The platform also seeks to optimize costs while addressing industry challenges, facilitating collaboration between private and public sectors to resolve transportation issues across Gulf Cooperation Council (GCC) countries. Through its solutions, Trukkin enables shippers, truckers, and fleet owners to streamline processes for moving cargo from consignors to consignees without increasing costs.

Homzmart

Series A in 2021
Homzmart Ltd. is an e-commerce platform based in Cairo, Egypt, that specializes in selling home furniture, décor, lighting, and various home supplies. Founded in 2019, the company facilitates connections between homeowners and home professionals, allowing users to browse an extensive selection of products while accessing reviews, expert advice, and articles on home improvement. Homzmart aims to create a community-driven environment that enhances the shopping experience for home-related needs, offering a diverse range of quality products at competitive prices. Through its platform, the company seeks to simplify the process of home furnishing and improvement for its customers.

Hala

Series A in 2021
Hala provides a payment and wallet solution for individuals and merchants. Its platform enables users to accept credit card payments at point-of-sale services and offers digital wallets and bank cards.

Lendo

Series A in 2021
Lendo is an alternative lending marketplace that helps digitally finance small and medium-sized enterprises (SMEs) in Saudi Arabia. Lendo was granted the first Crowdlending (debt financing) licensed in Saudi Arabia, and received the Excellence in Finance Leaders Award from FiNext Awards. Lendo’s products and solutions make everyday business activities easier, more secure, and more efficient for both investors and borrowers alike.

Sanar

Seed Round in 2021
Sanar is a digital healthcare platform that combines traditional medical services with telemedicine and home-based care to improve accessibility and convenience. It operates more than 24 e-clinics across various medical specialties and collaborates with a network of doctors and consultants to offer remote medical consultations, online physiotherapy, and at-home care, enabling patients to receive medical services from home or other locations of their choice.

Raqamyah Platform

Seed Round in 2021
Raqamyah is a regulated peer-to-peer (P2P) financing platform based in Riyadh, Saudi Arabia, operating under the supervision of the Saudi Arabian Monetary Authority (SAMA). The company focuses on providing financial solutions to small and medium enterprises (SMEs) by connecting them directly with individual financiers. Through its innovative technology, Raqamyah offers a variety of financing options, including working capital, inventory financing, point-of-sale financing, and purchase order financing. This approach enables SMEs to access fast and affordable funding, supporting their growth and development in a competitive market.

Floward

Venture Round in 2020
Floward is an online flower and gifts eCommerce platform that offers a diverse selection of products, including flowers, cakes, balloons, and chocolate boxes, tailored for various occasions such as birthdays, anniversaries, and weddings. The company provides same-day delivery services sourced from both local and international brands, ensuring timely service for its customers. Floward has experienced aggressive expansion, currently operating in 36 cities across nine countries in the MENA region and the United Kingdom. In December 2020, it marked its first venture outside the Middle East by launching its platform in London, further broadening its reach and enhancing its service offerings.

Bondai

Seed Round in 2020
Bondai is a travel application that facilitates group trip planning and booking. It enables users to create groups, choose destinations, explore accommodations, compare flights, and manage trips efficiently.

Syarah

Convertible Note in 2020
Founded in 2015, Syarah operates an online marketplace for buying and selling new and used cars. Based in Riyadh, Saudi Arabia, the company streamlines car purchases by connecting buyers directly with sellers, offering daily updated listings and facilitating financing options through various banks.

Jahez International Company

Series A in 2020
Jahez International Company is a Saudi-based online food delivery service founded in 2016 and headquartered in Riyadh. The company operates a mobile application that connects customers with local restaurants, facilitating meal orders and providing real-time tracking services. Jahez has developed in-house software that integrates advanced technology, including artificial intelligence and machine learning, to enhance user experience and ensure reliable service. The platform allows customers to easily access restaurant options based on their location, place orders, and pay online using various payment methods. Additionally, Jahez coordinates with a fleet of drivers to efficiently deliver meals from restaurants to customers' doorsteps. By leveraging cutting-edge technology and a user-friendly interface, Jahez aims to meet the diverse dining preferences of its users while fostering strong partnerships with local restaurants.

Telgani

Seed Round in 2020
Telgani is a car rental company founded in 2018 and based in Riyadh, Saudi Arabia. It offers an online portal and mobile application that allows customers to easily and quickly rent their preferred vehicles at competitive prices. The platform enables users to select their desired car and travel location while providing options to compare and book from nearby rental providers. This streamlined approach facilitates a convenient car rental experience for users.

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 in September 2020 by Abdulmajeed Alsukhan and his partners, the company aims to revolutionize shopping, payment, and banking experiences. With a workforce of over 350 employees, Tamara operates additional offices in the UAE, Egypt, Germany, and Vietnam. The platform empowers merchants by providing flexible payment solutions, including installment options, through its application programming interfaces and plugins. This functionality enhances customer experiences and boosts sales for merchants. Tamara has established a robust customer base of 6 million and collaborates with over 15,000 partner merchants, which include both leading global brands and local small and medium enterprises. The company has successfully raised significant funding, highlighting its strong market presence and growth potential.

VUZ

Series A in 2020
VUZ is a prominent immersive social application that specializes in delivering XR and Metaverse digital experiences, enhancing the realism of virtual interactions. Launched in 2017, the company operates from offices in Los Angeles, Dubai, and Riyadh. VUZ offers the world's largest premium library of exclusive immersive content, featuring over 20,000 hours of material that spans entertainment, creators, and sports, along with XR, VR, and AR experiences accessible from virtually anywhere. The platform's primary goal is to foster connections among users by providing authentic immersive experiences, effectively eliminating barriers related to travel, time, and access for billions globally. By streaming live events such as sports, talk shows, and music, VUZ enables users to engage with these experiences in a uniquely immersive manner, leveraging advanced technologies for an enriched social interaction.

Nana

Series B in 2020
Nana is an online grocery platform based in Saudi Arabia that specializes in providing doorstep deliveries of a diverse range of products. The platform offers an extensive selection of groceries, fruits, vegetables, cosmetics, electronics, bakery items, and flowers, allowing consumers to conveniently purchase items online. By focusing on home delivery, Nana aims to simplify the shopping experience for its users, making it easier for them to access essential goods from the comfort of their homes.

Speero

Seed Round in 2020
Speero operates an online marketplace for buying new and used automotive spare parts. Founded in 2017, it offers specialized support for queries, quotations, and information.

The Chefz

Seed Round in 2020
The Chefz is a gourmet food and sweets delivery platform based in Riyadh that connects users with top elite restaurants, bakeries, and chocolate stores. Through its mobile application, available on both Android and iOS, customers can conveniently order a diverse range of meals and desserts. The platform not only facilitates instant order tracking but also offers flexible payment options, ensuring a seamless experience from selection to delivery. By focusing on high-quality food providers, The Chefz aims to elevate the culinary experience for its users, bringing gourmet offerings directly to their doorsteps.

Raqamyah Platform

Seed Round in 2020
Raqamyah is a regulated peer-to-peer (P2P) financing platform based in Riyadh, Saudi Arabia, operating under the supervision of the Saudi Arabian Monetary Authority (SAMA). The company focuses on providing financial solutions to small and medium enterprises (SMEs) by connecting them directly with individual financiers. Through its innovative technology, Raqamyah offers a variety of financing options, including working capital, inventory financing, point-of-sale financing, and purchase order financing. This approach enables SMEs to access fast and affordable funding, supporting their growth and development in a competitive market.

Lendo

Seed Round in 2019
Lendo is an alternative lending marketplace that helps digitally finance small and medium-sized enterprises (SMEs) in Saudi Arabia. Lendo was granted the first Crowdlending (debt financing) licensed in Saudi Arabia, and received the Excellence in Finance Leaders Award from FiNext Awards. Lendo’s products and solutions make everyday business activities easier, more secure, and more efficient for both investors and borrowers alike.

Rekaz

Venture Round in 2019
Rekaz operates an integrated business system designed to streamline subscription-based and recurring payment models. Its platform offers tools for creating professional websites, managing customers, reservations, and subscriptions, along with user-friendly marketing and sales tools. By automating recurring payments, enhancing online presence, and facilitating customer relationship management, Rekaz helps businesses boost sales and improve operational efficiency.

Speero

Pre Seed Round in 2019
Speero operates an online marketplace for buying new and used automotive spare parts. Founded in 2017, it offers specialized support for queries, quotations, and information.

Nana

Series A in 2019
Nana is an online grocery platform based in Saudi Arabia that specializes in providing doorstep deliveries of a diverse range of products. The platform offers an extensive selection of groceries, fruits, vegetables, cosmetics, electronics, bakery items, and flowers, allowing consumers to conveniently purchase items online. By focusing on home delivery, Nana aims to simplify the shopping experience for its users, making it easier for them to access essential goods from the comfort of their homes.
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