Techstars
Techstars is a global platform that invests in and supports early-stage technology companies. Founded in 2006, it operates a mentorship-driven accelerator program, providing seed funding, intensive mentorship, and access to a network of investors and entrepreneurs. Techstars has programs in various locations worldwide, including Boston, Boulder, New York, Seattle, London, Chicago, and Austin. It invests $118,000 in each company, with $18,000 in seed funding and an optional $100,000 convertible debt note. Techstars also has industry-specific accelerator programs, such as Techstars Retail and Techstars Music, focusing on retail and music technology, respectively. Its portfolio includes over 1,000 companies with a combined market cap of $8.1 billion.
Past deals in Saudi Arabia
Autobia
Seed Round in 2023
Autobia, established in 2021 and headquartered in Dammam, Saudi Arabia, operates a B2B marketplace platform designed to address infrastructure and after-sales challenges within the automotive industry. The company connects wholesalers and resellers by providing integrated digital, operational, and logistical solutions, facilitating seamless trade of spare parts globally.
Dawafast
Seed Round in 2022
Dawafast is a pharmaceutical manufacturing firm headquartered in Riyadh, Saudi Arabia, that operates an online pharmacy shopping platform. This platform is designed to offer a wide range of pharmaceutical products to consumers, emphasizing quality delivery services. By connecting end-users directly to pharmacy products, Dawafast aims to provide an efficient shopping experience while ensuring affordability for its customers.
Autobia
Pre Seed Round in 2022
Autobia, established in 2021 and headquartered in Dammam, Saudi Arabia, operates a B2B marketplace platform designed to address infrastructure and after-sales challenges within the automotive industry. The company connects wholesalers and resellers by providing integrated digital, operational, and logistical solutions, facilitating seamless trade of spare parts globally.
AlGooru
Pre Seed Round in 2021
AlGooru is a Saudi-based educational platform that connects students with qualified private tutors for a wide range of subjects, including academic, vocational, and recreational areas. Through its dynamic tutor matching service, AlGooru offers both online and in-person tutoring options, allowing users to find vetted tutors quickly and efficiently. The platform is designed to cater to the individual needs of students, facilitating personalized long-term subscriptions that enhance the learning experience. By providing access to a diverse pool of tutors from various disciplines, AlGooru aims to support motivated learners in achieving their educational goals.
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.