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COFE Tech secures a pre-IPO investment, valued at $178 million, led by Wa'ed Ventures, Aditum, Masarrah, and Alyasra, as it moves towards a Saudi IPO.

PRIVATESep 02, 2026•1 day ago

Amount Raised

$178 Million

Round Type

Venture - Series Unknown

RiyadhSoftwareArtificial IntelligenceSaasMachine LearningNatural Language Processing

Investors

Alyasra FoodsMasarrah Investment CompanyAditum Investment ManagementWa'ed Ventures

Description

COFE Tech has announced the closing of a pre-IPO funding round, valuing the company at $178 million. The investment was co-led by Wa'ed Ventures, Aditum Investment Management, Masarrah Investment Company, and Alyasra Foods. This funding positions COFE Tech for a targeted IPO on the Saudi Exchange by 2029. The company aims to streamline procurement and sales processes through its AI-powered enterprise platform.

Company Information

Company

COFE Tech

Location

Riyadh, Riyadh Region, Saudi Arabia

About

COFE Tech, formerly COFE APP, is the leading operator of agentic AI enterprises providing intelligent procurement and AI-powered commerce infrastructure to over 1,000 businesses across the Gulf. Founded in Kuwait in 2018, the company aims to streamline operations by integrating procurement, sales, and inventory into a single intelligent platform. COFE Tech targets a transformative experience for clients using AI agents to optimize business processes. It operates a B2B SaaS platform, enhancing digital transformation across various sectors, including food and beverage, hospitality, aviation, and healthcare.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

COFE Tech raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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