Merak Capital is an investment firm based in Riyadh, Saudi Arabia, licensed by the Capital Market Authority to manage private investment funds and provide advisory services on financial securities. Founded in 2018, the firm specializes in technology investments across various asset classes, with a primary focus on equities, venture capital, and private equity, particularly in Saudi Arabia and the MENA region. Merak Capital emphasizes technological integration as a crucial driver for business growth, recognizing the shift of industries towards digitization as essential for maintaining competitiveness. The firm is committed to identifying investment opportunities aligned with technological advancements, leveraging its expertise in research to navigate the evolving landscape of software and hardware innovation. Through its strategic approach, Merak Capital aims to partner with visionary builders and unlock new markets, fostering entrepreneurial initiatives and technological transformations.
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 offers QR-based digital menu solutions for restaurants, featuring integrated payments and easy menu management.
LAWAZEM
Seed Round in 2024
Lawazem is a leading B2B e-commerce platform that specializes in office supplies and procurement, providing a comprehensive solution for businesses' operational needs. The platform centralizes various purchases, including stationery, groceries, cleaning materials, IT essentials, and printing services, thereby streamlining the procurement process. By consolidating all spending in one place, Lawazem enables companies to optimize their operational expenses and fulfill orders efficiently. The platform also offers flexible recurring billing options, allowing businesses to manage their purchases more effectively and reduce overall procurement costs.
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 specifically designed for e-commerce, focusing on leveraging data and shopper insights to enhance customer engagement and optimize return on investment. The platform provides personalized multi-channel marketing solutions that cater to the unique needs of online retailers. Additionally, Convertedin offers a location-based advertising and analytics platform that aims to boost sales in physical stores. By utilizing artificial intelligence, the company enables offline retailers to analyze customer behavior, retention rates, and churn, thereby providing insights into the effectiveness of their marketing strategies and enhancing overall customer experience.
LAWAZEM
Seed Round in 2022
Lawazem is a leading B2B e-commerce platform that specializes in office supplies and procurement, providing a comprehensive solution for businesses' operational needs. The platform centralizes various purchases, including stationery, groceries, cleaning materials, IT essentials, and printing services, thereby streamlining the procurement process. By consolidating all spending in one place, Lawazem enables companies to optimize their operational expenses and fulfill orders efficiently. The platform also offers flexible recurring billing options, allowing businesses to manage their purchases more effectively and reduce overall procurement costs.
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 assisting businesses in leveraging technology to enhance their data investments and unlock business value. They specialize in a range of services including data management, artificial intelligence, data strategy, big data, advanced analytics, and application programming interface (API) management. By utilizing advanced tools and methodologies, MasterWorks aims to facilitate digital transformation for its clients, helping them effectively manage and derive insights from their data. The company's expertise in robotic process automation and software development further supports organizations in achieving their strategic goals and improving operational efficiency.
BitOasis
Series B in 2021
BitOasis is a cryptocurrency trading platform established in 2015 by co-founders Ola Doudin and Daniel Robenek. It provides a digital asset wallet and an exchange for buying, selling, and trading cryptocurrencies, with a particular focus on cash-based emerging markets. The platform emphasizes security through its multi-signature wallet and aims to create a secure and regulated environment for both retail and institutional clients. By developing a comprehensive infrastructure for cryptocurrency trading, BitOasis enables investors to manage their assets safely and effectively.
Syaaraat
Venture Round in 2021
Syaaraat.com operates as a digital financing broker in Saudi Arabia, aggregating banks and car dealers on a single platform to streamline the auto financing process. The platform allows customers to efficiently explore various financing options from multiple banks and financing companies, thereby saving time and effort. Syaaraat.com focuses on the auto lease sector, providing a simplified approach to obtaining car loans and leases. By enhancing access to financial institutions, Syaaraat.com aims to facilitate the buying, selling, and financing of cars, ultimately increasing sales for dealers while reducing costs associated with credit profiles for customers.
Denarii
Venture Round in 2020
Denarii transformed accounting processes for small and medium-sized businesses by introducing an automated Accounts Payable and B2B Payment system. Their innovative solution, Denarii Pay, was created specifically to assist businesses in transforming their accounts payable department from a potential liability to a secure and strategic profit center that provides valuable insights into key cost drivers. Businesses can manage their payments more efficiently and profitably with Denarii's solution.
Qoyod
Series A in 2019
Qoyod is a cloud-based accounting software provider based in Riyadh, Saudi Arabia, established in 2016. The platform is designed to meet the needs of startups and small to medium-sized enterprises (SMEs) within the Kingdom of Saudi Arabia. Qoyod enables users to issue invoices, manage expenses and budgets, and automatically generate corresponding journal entries. Additionally, it allows users to create financial statements and business reports to fulfill commercial and statutory requirements. The software also offers features such as purchase order issuance, stock management, point of sale services, and user management for approvals and permissions. Clients can access a variety of accounting services through flexible monthly or annual subscription packages.
Loyyal
Venture Round in 2019
Loyyal Corporation is a technology company that specializes in loyalty and rewards infrastructure solutions utilizing blockchain and smart contract technology. Founded in 2014 and based in San Francisco, California, Loyyal aims to enhance customer retention by providing a platform that offers dynamic interoperability, scalability, and real-time value transfer. The company's services include enterprise-grade hosting, development tools, and support, which enable clients to create tailored loyalty programs with improved liability management and customizable redemption options. By addressing the fragmentation in the rewards industry, Loyyal facilitates multi-branded coalitions that enhance profitability while prioritizing the customer experience.
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 studio specializing in creating engaging games
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