Merak Capital

Founded in 2018, Merak Capital is a Riyadh-based investment firm licensed by the CMA for managing private funds and advising on financial securities. It specializes in technology investments across various asset classes, with a primary focus on equities. The company operates in KSA and MENA regions for private equity and venture capital, and globally for public equities.

Othman Alhokail

Founding Partner

17 past transactions

Nabt app

Seed Round in 2024
Nabt app is an e-commerce platform that conducts a B2B marketplace, connecting farmers with businesses directly. It uses technology to foster transparency, efficiency, and a more robust fresh produce supply chain.

SHIFT

Seed Round in 2024
Shift mission is to develop sustainable solutions and reshape the landscape in Saudi Arabia by offering a full suite of services.

Yalla Plus

Seed Round in 2024
Yalla Plus is a technology company that provides a comprehensive business management platform tailored for hospitality establishments such as restaurants, cafes, hotels, and movie theaters. Their platform, accessible via QR codes, enables clients to edit menus, manage tables, process orders and payments, and gain insights through performance reports and analytics. This streamlined solution helps businesses enhance customer satisfaction and boost sales by digitizing and optimizing their operations.

Lawazem

Seed Round in 2024
Lawazem operates a B2B e-commerce platform focused on streamlining office supplies and procurement. It centralizes purchases ranging from stationery and groceries to cleaning materials, IT essentials, and printing requirements, providing businesses with a single solution for their operational needs.

Jisr HR

Series A in 2023
JisrHR is a Human resource management firm that offers HR solutions, time and attendance, reports, benefits and payroll services.

Raed Health

Venture Round in 2023
Raed Health provides remote telemedicine solutions for chronic diseases.

Convertedin

Seed Round in 2022
Convertedin is a marketing operating system tailored for e-commerce, focused on enhancing customer engagement and maximizing return on investment through personalized multi-channel marketing. The company leverages data and shopper insights to create targeted marketing strategies that drive growth. Additionally, Convertedin offers a location-based advertising and analytics platform aimed at increasing physical store sales. This platform employs artificial intelligence to analyze customer behavior both inside and outside of stores, providing insights into customer retention, churn rates, and the effectiveness of cashback incentives. By integrating these capabilities, Convertedin enables retailers to better understand their customers and improve overall sales performance.

Lawazem

Seed Round in 2022
Lawazem operates a B2B e-commerce platform focused on streamlining office supplies and procurement. It centralizes purchases ranging from stationery and groceries to cleaning materials, IT essentials, and printing requirements, providing businesses with a single solution for their operational needs.

Arib

Seed Round in 2022
Arib is a FinTech company. Arib a digital broker for all financing products.

Master Works

Private Equity Round in 2022
MasterWorks is a company focused on facilitating collaboration between businesses and technology to enhance the value of data investments. It specializes in digital transformation solutions, offering a range of products and services that include data management, artificial intelligence, data strategy, and software development. MasterWorks also emphasizes advanced analytics and API management, helping clients leverage their data effectively and safeguard their existing investments. By employing cutting-edge tools and methodologies, the company aims to unlock business value across various projects, enabling organizations to navigate the complexities of the digital landscape efficiently.

BitOasis

Series B in 2021
BitOasis is a cryptocurrency trading platform established in 2015 by co-founders Ola Doudin and Daniel Robenek. The company provides a digital asset wallet and exchange that facilitates the buying, selling, and trading of cryptocurrencies. It focuses on cash-based emerging markets, offering a multi-signature wallet and exchange service that enhances asset protection and security for users. BitOasis aims to create a secure and regulated infrastructure for cryptocurrency trading, catering to both retail and institutional clients in the region. By ensuring a safe environment for transactions, BitOasis seeks to simplify access to crypto assets for investors.

Syaaraat

Venture Round in 2021
Syaaraat is a digital financing broker based in Saudi Arabia that aggregates banks and car dealerships on a single platform. By offering a variety of auto financing options, Syaaraat enables customers to save time, effort, and money when seeking car loans and leases. The platform simplifies the financing process by allowing users to compare offers from multiple financial institutions, thereby enhancing accessibility to car financing solutions. Syaaraat focuses on the auto lease sector, streamlining the experience for customers looking to buy, sell, or finance vehicles. Through its innovative approach, Syaaraat aims to increase sales and reduce costs associated with car financing.

Denarii

Venture Round in 2020
Denarii is a technology company that specializes in streamlining financial operations for small and medium-sized businesses. It offers Denarii Pay, an automated Accounts Payable and B2B Payment system that transforms the traditional accounts payable process into a strategic profit center. This innovative solution enables businesses to manage their payments more efficiently, reduce costs, and gain valuable insights into key cost drivers.

Qoyod

Series A in 2019
Qoyod is a cloud-based accounting software provider established in 2016, headquartered in Riyadh, Saudi Arabia. The company specializes in offering an online accounting and invoicing platform tailored for startups and small to medium-sized enterprises (SMEs) in Saudi Arabia. Qoyod enables users to efficiently issue invoices, manage expenses, and monitor budgets while automating the recording of journal entries. Additionally, the platform supports the generation of financial statements and business reports that meet both commercial and statutory requirements in the region. Key features include purchase order issuance, stock management, point of sales capabilities, and API services, all designed to enhance productivity and competitiveness for its clients. Users can select from various service packages available on a monthly or annual basis, benefiting from a comprehensive suite of accounting tools.

Loyyal

Venture Round in 2019
Loyyal Corporation is a San Francisco-based company that specializes in providing a loyalty and rewards platform utilizing blockchain and smart contract technology. Founded in 2014, the company aims to enhance customer retention and profitability through innovative infrastructure solutions that promote interoperability within the fragmented loyalty industry. Loyyal's platform features dynamic interoperability, scalability, real-time value transfers, and enhanced security for records. Additionally, it offers programmable rewards and improved liability management options, allowing clients to tailor the loyalty experience to meet the unique needs of their customers. Formerly known as Ribbit.me! USA Inc., the company rebranded to Loyyal Corporation in April 2016 to better reflect its focus on revolutionizing loyalty programs.

MAGNiTT

Venture Round in 2019
Magnitt, Inc. is a Dubai-based platform founded in 2014 that connects investors, mentors, and startups in the Middle East and North Africa (MENA) region. It operates a comprehensive database featuring over 5,500 startups and more than 200 investors, facilitating networking and collaboration among various stakeholders in the entrepreneurial ecosystem. The platform provides valuable investment-related information and analytical insights, assisting startups in securing funding and talent while enabling investors and corporates to make informed decisions. Magnitt serves as a vital resource for emerging companies and investors looking to engage in the MENA market.

Classy Games Studios

Classy Games Studios is an independent video game development company that focuses on creating immersive and engaging gaming experiences. They collaborate with a diverse team of developers and artists to craft games that blend elements of mystery, comedy, and chaos, providing players with a creative and culturally rich escape from reality.
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