Impact46

Impact 46 is a venture capital firm established in 2019 and based in Riyadh, Saudi Arabia. The company specializes in alternative investment opportunities, catering to a diverse clientele that includes local and international institutions, family groups, endowments, and high net worth individuals. By providing innovative investment products and advisory services, Impact 46 aims to identify and leverage unique investment prospects within the Saudi Arabian market.

Reema Almahfouz

Community Associate

Abdulaziz Alomran

Founder, CEO, Managing Director and Asset Management Manager

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 mobile gaming studio and publisher located in Riyadh, Saudi Arabia, dedicated to redefining the mobile gaming experience. The company specializes in developing humorous adventure games for mobile devices and personal computers, with a particular emphasis on reflecting Saudi identity. By focusing on culturally relevant themes and engaging gameplay, Spoilz aims to provide users with enjoyable gaming experiences tailored to their preferences.

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 simplifies personal finance management by consolidating multiple bank accounts into one interface. The platform offers users tools for expense tracking, budgeting, and direct bank connections, allowing for a comprehensive view of their financial situation. By analyzing spending behavior, Mala'a provides tailored recommendations to help individuals make informed financial decisions and reduce expenses. The company's mission is to enhance financial literacy and empower users to manage their finances more effectively.

Syarah

Series C in 2024
Syarah Ltd. operates an online marketplace for buying and selling both new and used cars, based in Riyadh, Saudi Arabia. Founded in 2015, the company aims to streamline the vehicle purchasing process for individuals and businesses by providing a user-friendly platform where customers can easily browse various car listings, access daily updates on prices and specifications, and directly contact sellers without intermediaries. In addition to facilitating car sales, Syarah offers financing solutions, allowing customers to purchase vehicles in installments through partnerships with banks and financing companies in the region. The company's commitment is to deliver quality services that meet and exceed customer expectations.

CloudShelf

Funding Round in 2024
CloudShelf is a specializing in e-commerce business support services by providing smart and unique logistical solutions that help e-stores.

Cognna

Seed Round in 2023
COGNNA is a SaaS cybersecurity company focused on leveraging cognitive technology to enhance security operations, providing innovative solutions for proactive threat detection, anomaly identification, and adaptive risk management. Our mission is to simplify complex forensic analysis and empower security analysts with intelligence insights for comprehensive threat understanding.

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 specifically for non-technical users, allowing them to analyze and present insights through various charts and AI models. Its drag-and-drop analytics tool, combined with prebuilt templates, significantly reduces the time required to derive insights, enabling organizations to expedite the development of data products. By streamlining the process of creating dashboards without the need for coding, DataLexing helps businesses achieve faster results at a lower cost.

Zid زد

Series B in 2022
Zid is an e-commerce in a box - solution that any retailer can use to start their eRetail. Zid helps them to build their own eStores (with their own name and identity) and integrates them with the supply chain players to enable them to manage and with ease. The company aims to enable the retail sector to enter the world of electronic retail in an easy and professional. Zid was founded in 2017 and based in Riyadh, Ar Riyad, Saudi Arabia.

ZenHR

Venture Round in 2022
ZenHR is a cloud-based human resources management system based in Amman, Jordan, with additional offices in Dubai and Riyadh. Founded in 2016, the company focuses on the Middle East and North Africa, providing a comprehensive suite of HR solutions tailored to local labor laws, expat regulations, and tax requirements. ZenHR's software includes features such as onboarding and offboarding, attendance and time tracking, payroll, performance evaluation, and employee self-service tools. By streamlining HR processes, ZenHR aims to enhance the experience for both HR departments and employees, facilitating a seamless transition from recruitment to retirement. The platform serves a range of clients, from small and medium-sized enterprises to larger organizations, positioning itself as a leader in the B2B HR SaaS market in the region.

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 supplies. Founded in 2019, the company not only offers a diverse selection of home furnishings but also connects homeowners with home professionals. Users can browse various home designs, products, and accessories, as well as access reviews and advice from industry experts. This interactive community aspect enhances the home shopping experience, allowing customers to make informed decisions while finding quality products at competitive prices.

Torod

Seed Round in 2022
Torod is an API aggregator that enables E-store owners to select the best shipper based on price, insurance, destination, and item value, with a single click set-up.

Spades

Angel Round in 2022
Spades is reinventing the dine-in checkout experiences for customers, so restaurants can passionately do what they love – improve quality of service, increase table turnaround and promote staff tips.

Postpay

Series A in 2022
Postpay is a fintech company based in Dubai, United Arab Emirates, that specializes in buy now, pay later services. Founded in 2019 by Tariq Sheikh, Postpay enables customers to split their purchases into three or four equal payments without incurring any interest, fees, or hidden charges. This flexibility is designed to enhance the shopping experience, allowing consumers to manage their finances more effectively when making both online and offline purchases. By partnering with a wide range of merchants, Postpay provides a convenient payment solution that caters to the diverse needs of its customers.

Mala'a

Seed Round in 2022
Mala'a Technologies is a developer of a financial platform that simplifies personal finance management by consolidating multiple bank accounts into one interface. The platform offers users tools for expense tracking, budgeting, and direct bank connections, allowing for a comprehensive view of their financial situation. By analyzing spending behavior, Mala'a provides tailored recommendations to help individuals make informed financial decisions and reduce expenses. The company's mission is to enhance financial literacy and empower users to manage their finances more effectively.

Taffi

Seed Round in 2022
Taffi is a personalized styling and shopping service that leverages artificial intelligence to curate outfits tailored to individual preferences. By offering a platform where customers can receive expert advice and fittings from home, Taffi enhances the shopping experience with the convenience of free returns. The service focuses on selecting items from a range of quality local and international brands while adhering to the user’s budget and style. Operating in regions including Saudi Arabia, the Gulf Cooperation Council (GCC), the Middle East and North Africa (MENA), the United Kingdom, and the United States, Taffi aims to empower individuals to express their unique styles with confidence and ease. The company prides itself on its diverse team and commitment to integrity, ensuring a delightful experience for its customers.

Nana

Venture Round in 2022
Nana is an online grocery platform based in Saudi Arabia that specializes in delivering groceries and home essentials directly to consumers' doorsteps. The platform features a diverse selection of products, including groceries, fresh fruits and vegetables, cosmetics, electronics, bakery items, and flowers. By enabling consumers to shop digitally, Nana streamlines the grocery shopping experience and ensures that a wide variety of items can be conveniently purchased and delivered to their homes.

DAWUL

Seed Round in 2022
Dawul is an online community-based social trading platform that facilitates the sharing of financial portfolio information among investors. It is designed to assist beginner investors by providing automated tools for executing trades and following the investment strategies of professional traders. The platform enables users to access and analyze data related to various investment funds, enhancing their ability to make informed decisions about their own portfolios. By fostering a collaborative investment environment, Dawul aims to empower users to improve their trading strategies and overall financial literacy.

Shttle

Seed Round in 2021
Shttle is a logistics company specializing in real-time order management and logistics services tailored for e-commerce and online sellers. The company offers a comprehensive platform that includes smart tracking links and logistics solutions featuring internet-of-things (IoT) smart lockers. With services available for pick-up and drop-off around the clock, Shttle aims to help online businesses streamline their operations, reduce delivery costs, and enhance profitability.

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 breaks down barriers for creating wealth by making investing easy, simple, and affordable for the users in the region. Raseed maximizes value to users by providing secure access to US financial markets and serving as a launchpad towards new investment opportunities. Promote a culture of forging bold new pathways to wealth and pursuing successful avenues to financial growth.

Rasan

Venture Round in 2021
Rasan is a FinTech company founded in 2015 and based in Riyadh, Saudi Arabia, focusing on the Insurance and Banking Technology sectors in the Gulf Region. The company develops innovative solutions aimed at simplifying financial transactions for both individuals and businesses. Rasan is known for its pioneering brands, including "Tameeni," which provides a digital platform for vehicle owners to access motor insurance, and "Awal Mazad," an online auto auction service. Its offerings also encompass online leasing insurance services and various insurance aggregator solutions. Rasan's commitment to enhancing society and helping individuals secure their assets from unforeseen risks underpins its operational philosophy and product development.

Telgani

Seed Round in 2021
Telgani is a car rental platform established in 2018 and headquartered in Riyadh, Saudi Arabia. The company offers an online portal and mobile application that allows customers to quickly and easily rent their preferred vehicles at competitive prices. Users can select their desired car and location, while the platform provides options to compare and book from nearby providers, enhancing the overall rental experience.

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.

Raqamyah Platform

Seed Round in 2021
Raqamyah is a regulated peer to peer (P2P) financing platform by Saudi Arabian Monetary Authority (SAMA). As a Fintech company, Raqamyah uses innovative technology to directly connect small businesses seeking fast, affordable finance with financers who can help fund their growth.

elmenus

Series C in 2021
Elmenus is a food discovery platform based in Cairo, Egypt, founded in 2011. The company operates a digital application that allows users to explore nearby restaurants and discover popular dishes, enhanced by community-generated content including photos, reviews, and ratings. Catering to over one million monthly users, Elmenus combines a social and visual experience to facilitate food discovery and ordering. It has expanded its presence with offices in several Egyptian cities, including Alexandria and Sharm El Sheikh. The platform's focus on personalized recommendations helps users find and enjoy the food they love, making it a significant player in Egypt's food tech landscape.

Syarah

Series B in 2021
Syarah Ltd. operates an online marketplace for buying and selling both new and used cars, based in Riyadh, Saudi Arabia. Founded in 2015, the company aims to streamline the vehicle purchasing process for individuals and businesses by providing a user-friendly platform where customers can easily browse various car listings, access daily updates on prices and specifications, and directly contact sellers without intermediaries. In addition to facilitating car sales, Syarah offers financing solutions, allowing customers to purchase vehicles in installments through partnerships with banks and financing companies in the region. The company's commitment is to deliver quality services that meet and exceed customer expectations.

Speero

Seed Round in 2021
Speero is an online marketplace based in Riyadh, Saudi Arabia, that specializes in the purchase of new and used automotive spare parts. Established in 2017, the platform facilitates online ordering and offers a dedicated team to assist users with queries, quotations, and information. Speero integrates directly with repair shops, insurance companies, and other businesses, allowing users to compare price quotes from various suppliers. This functionality enables car owners to acquire automotive parts at competitive prices while helping businesses reduce costs, enhance efficiency, and minimize fraud. By providing a comprehensive solution for automotive spare parts, Speero aims to streamline the procurement process for both individual consumers and businesses in the automotive sector.

Nejree

Series A in 2021
Nejree is an e-commerce platform based in Riyadh, Saudi Arabia, that specializes in the sale of sneakers from a diverse range of brands, including Adidas, Nike, Puma, and luxury labels such as Gucci and Balenciaga. Established in 2018, it is recognized as the first online sneaker destination in the region. The company offers a unique try now, buy later model, allowing customers to try on products without any upfront payment. This approach provides users with a variety of options and enhances their shopping experience by allowing them to evaluate products before making a purchase.

Playhera

Seed Round in 2021
Playhera is an esports gaming platform that facilitates connections among users in the esports ecosystem, enabling them to compete, challenge, and promote their skills on a global scale. The platform serves as both a social media hub and a tournament organizer, allowing players to share photos and videos while enjoying games. It provides tools for users to follow their favorite players and teams, watch live streams, and access the latest news and updates in the esports world. Through its user-friendly interface, Playhera simplifies tournament participation, making it easier for gamers to engage with the community and earn money through various competitive activities.

Floward

Series B in 2021
Floward is an online platform specializing in flower and gift delivery, providing a diverse selection of products sourced from both local and international brands. The company offers same-day delivery services, catering to various occasions such as birthdays, anniversaries, and weddings. With operations in 36 cities across nine countries in the MENA region and the United Kingdom, Floward has expanded its reach significantly, including its entry into the London market in December 2020. The platform enables users to easily send gifts like flowers, cakes, balloons, and chocolate boxes, helping them express their sentiments and celebrate special moments.

Trukkin

Series A in 2021
Trukkin operates a technology-driven marketplace that connects shippers and truckers, addressing logistics needs within the transportation industry. The platform is designed to enhance efficiency, consistency, and transparency in cargo movement, particularly across Gulf Cooperation Council (GCC) countries. By focusing on innovation, Trukkin simplifies logistics processes and aims to improve service levels while providing real-time updates and cost optimization. The non-asset-based model offers flexibility and helps partners streamline operations, enabling them to transport goods from consignors to consignees effectively without incurring additional costs. Trukkin's commitment to continual improvement positions it as a key player in addressing the challenges of the logistics sector.

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 supplies. Founded in 2019, the company not only offers a diverse selection of home furnishings but also connects homeowners with home professionals. Users can browse various home designs, products, and accessories, as well as access reviews and advice from industry experts. This interactive community aspect enhances the home shopping experience, allowing customers to make informed decisions while finding quality products at competitive prices.

Hala

Series A in 2021
Hala is a provider of a digital mobile payment platform that facilitates secure and convenient payment transactions for both individuals and businesses. The company specializes in offering a comprehensive payment infrastructure, which includes point-of-sale (PoS) services that allow merchants to accept credit card payments. Hala's solutions also encompass digital wallets and bank cards, equipping clients with the necessary tools to manage payments, oversee cash flow, and analyze sales data effectively. Through its innovative services, Hala aims to simplify the payment process and enhance financial management for its users.

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 modern technology to enhance patient convenience and access. It offers a range of telemedicine and home healthcare services through its network of over 24 e-clinics, catering to various medical specialties. The platform facilitates remote medical consultations via video or chat, as well as at-home services, including online physiotherapy sessions. By partnering with a select group of doctors and consultants, Sanar enables patients to receive high-quality medical care according to their individual schedules and locations, making healthcare more accessible and efficient.

Raqamyah Platform

Seed Round in 2021
Raqamyah is a regulated peer to peer (P2P) financing platform by Saudi Arabian Monetary Authority (SAMA). As a Fintech company, Raqamyah uses innovative technology to directly connect small businesses seeking fast, affordable finance with financers who can help fund their growth.

Floward

Venture Round in 2020
Floward is an online platform specializing in flower and gift delivery, providing a diverse selection of products sourced from both local and international brands. The company offers same-day delivery services, catering to various occasions such as birthdays, anniversaries, and weddings. With operations in 36 cities across nine countries in the MENA region and the United Kingdom, Floward has expanded its reach significantly, including its entry into the London market in December 2020. The platform enables users to easily send gifts like flowers, cakes, balloons, and chocolate boxes, helping them express their sentiments and celebrate special moments.

Bondai

Seed Round in 2020
Bondai, Inc. is a travel application based in San Mateo, California, that facilitates group travel planning for friends and families. The app enables users to create groups, select destinations, and invite others, streamlining the process of organizing trips. Users can explore accommodations, compare flight options, and access various travel deals, all while managing their bookings efficiently. Bondai aims to enhance the tourism ecosystem by connecting multiple service providers, making it easier for consumers to plan and enjoy their adventures together.

Syarah

Convertible Note in 2020
Syarah Ltd. operates an online marketplace for buying and selling both new and used cars, based in Riyadh, Saudi Arabia. Founded in 2015, the company aims to streamline the vehicle purchasing process for individuals and businesses by providing a user-friendly platform where customers can easily browse various car listings, access daily updates on prices and specifications, and directly contact sellers without intermediaries. In addition to facilitating car sales, Syarah offers financing solutions, allowing customers to purchase vehicles in installments through partnerships with banks and financing companies in the region. The company's commitment is to deliver quality services that meet and exceed customer expectations.

Telgani

Seed Round in 2020
Telgani is a car rental platform established in 2018 and headquartered in Riyadh, Saudi Arabia. The company offers an online portal and mobile application that allows customers to quickly and easily rent their preferred vehicles at competitive prices. Users can select their desired car and location, while the platform provides options to compare and book from nearby providers, enhancing the overall rental experience.

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.

VUZ

Series A in 2020
VUZ is a leading immersive social application that allows users to stream and engage with XR and Metaverse digital experiences featuring a high level of realism. The platform connects the physical and virtual worlds, offering the largest premium library of exclusive immersive content, with over 20,000 hours covering entertainment, sports, and various creator segments. VUZ aims to foster global connections by providing authentic immersive experiences, thereby overcoming travel, time, and access constraints for billions of users worldwide. Established in 2017, the company operates offices in Los Angeles, Dubai, and Riyadh, and its application supports live streaming of virtual sports, talk shows, music, and events, enhancing user engagement through immersive technologies.

Nana

Series B in 2020
Nana is an online grocery platform based in Saudi Arabia that specializes in delivering groceries and home essentials directly to consumers' doorsteps. The platform features a diverse selection of products, including groceries, fresh fruits and vegetables, cosmetics, electronics, bakery items, and flowers. By enabling consumers to shop digitally, Nana streamlines the grocery shopping experience and ensures that a wide variety of items can be conveniently purchased and delivered to their homes.

Speero

Seed Round in 2020
Speero is an online marketplace based in Riyadh, Saudi Arabia, that specializes in the purchase of new and used automotive spare parts. Established in 2017, the platform facilitates online ordering and offers a dedicated team to assist users with queries, quotations, and information. Speero integrates directly with repair shops, insurance companies, and other businesses, allowing users to compare price quotes from various suppliers. This functionality enables car owners to acquire automotive parts at competitive prices while helping businesses reduce costs, enhance efficiency, and minimize fraud. By providing a comprehensive solution for automotive spare parts, Speero aims to streamline the procurement process for both individual consumers and businesses in the automotive sector.

The Chefz

Seed Round in 2020
The Chefz operates as a gourmet food and sweets delivery platform. The Chefz allows users to order food and sweets from ‘top elite restaurants, bakeries, and chocolate stores’ in Riyadh, using its mobile app (available for both Android and iOS).

Raqamyah Platform

Seed Round in 2020
Raqamyah is a regulated peer to peer (P2P) financing platform by Saudi Arabian Monetary Authority (SAMA). As a Fintech company, Raqamyah uses innovative technology to directly connect small businesses seeking fast, affordable finance with financers who can help fund their growth.

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 provides system to automate recurring payments, enhance online presence, improve customer relationships and boost sales.

Speero

Pre Seed Round in 2019
Speero is an online marketplace based in Riyadh, Saudi Arabia, that specializes in the purchase of new and used automotive spare parts. Established in 2017, the platform facilitates online ordering and offers a dedicated team to assist users with queries, quotations, and information. Speero integrates directly with repair shops, insurance companies, and other businesses, allowing users to compare price quotes from various suppliers. This functionality enables car owners to acquire automotive parts at competitive prices while helping businesses reduce costs, enhance efficiency, and minimize fraud. By providing a comprehensive solution for automotive spare parts, Speero aims to streamline the procurement process for both individual consumers and businesses in the automotive sector.

Nana

Series A in 2019
Nana is an online grocery platform based in Saudi Arabia that specializes in delivering groceries and home essentials directly to consumers' doorsteps. The platform features a diverse selection of products, including groceries, fresh fruits and vegetables, cosmetics, electronics, bakery items, and flowers. By enabling consumers to shop digitally, Nana streamlines the grocery shopping experience and ensures that a wide variety of items can be conveniently purchased and delivered to their homes.
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