Rua Growth Fund

Rua Growth Fund is a venture capital firm that aims to lead the next wave of tech ventures. It was born out of a unique strategic partnership between Osool & Bakheet Investment Company and iMENA Group, two pioneers in their respective sectors to lead the next wave of innovative tech ventures in Saudi Arabia. It was founded in 2020 and is based in Riyadh, Saudi Arabia.

Turk Aljoaib

Managing Partner and Co-Founder

5 past transactions

The Cloud

Series A in 2022
The Cloud is a B2B2C web platform where kitchens can leverage their excess capacity by hosting third party restaurants.

Carasti

Convertible Note in 2022
Our vision at Carasti is to democratise access to cars, making it possible for everyone to drive without the need to incur debt. Our innovative Subscription Model, is designed for the modern consumer who values convenience, transparency, and smart financial choices. Our digital-first approach ensures a seamless, hassle-free experience, allowing customers to focus on the joy of driving. Here's why consumers are turning to Carasti for their automotive needs: * Debt-Free Driving Experience: Since you're subscribing, not purchasing, you can forget about going into debt for a car. This means enjoying the latest models without the financial strain. * No More Negotiation Hassles: Forget about the stressful negotiation processes associated with buying or selling a car. With Carasti, the focus is on your convenience, not on haggling prices. * Zero Down-Payments: We eliminate the need for loans or hefty 20% down-payments, making access to cars straightforward and accessible. * Avoid Hefty Depreciation: Since you don't own the car, you're not tied down by its depreciation. This means you can always be driving a car that feels brand new. * No Unexpected Costs: With Carasti, what you see is what you get. There are no hidden fees or surprise expenses, just transparent pricing. * 100% Digital, Zero Paperwork: Our entire process is digital, from subscription to swapping cars. This means no paperwork, just a few clicks to your next car.

Lucidya

Series B in 2022
Lucidya is an Enterprise B2B SaaS company that was founded in 2016 with a headquarter in Riyadh, Saudi Arabia. In a few years, the company managed to scale its customers base from Saudi to more than 6 countries including leading brands in different industries like Telecoms, BFSI, Automotive, FMCG, Retail, and others Thanks to its unique and proprietary AI & Arabic NLP technologies, Lucidya provides the most accurate analysis of interactions in the Arabic language making Lucidya the #1 tool in its category by users rating in MENA

CoinMENA

Seed Round in 2021
CoinMENA is a Sharia-compliant crypto-assets trading platform where users can buy, sell, store, and receive digital assets safely and securely. Individuals and institutions looking to buy and sell large quantities of digital assets can benefit from CoinMENA's more private and personalized service. CoinMENA aims to be the region's easiest and most trusted digital asset exchange platform by offering competitive fees, high liquidity, and an educational approach.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.