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 Alotaibi

Investment associate

Basmah Alsinaidi

Partner, Vice Chairman and Director and Head of Asset Management

Past deals in MENA

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.

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.

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 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 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 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.

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.

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 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.

Rasan Technology

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 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
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.

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.

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.

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.

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.

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.

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 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.

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 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 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 is a gourmet food and sweets delivery platform based in Riyadh that connects users with top-tier restaurants, bakeries, and chocolate stores. Through its mobile app, available for both Android and iOS, customers can easily order a wide variety of meals and desserts, benefiting from features such as instant order tracking and flexible payment options. The platform aims to enhance the food delivery experience by providing access to elite culinary options, ensuring that users can enjoy high-quality food delivered directly to their doorstep.

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.

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 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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