Wa’Ed Ventures Leads A Us $27 Million Series A Round For Rewaa, With Participation From Stc’s Cif, The Largest Series A Round For A Saas Company In Mena
Amount Raised
$27 Million
Round Type
Series A
Al MalqaSoftwareInvestors
Description
Rewaa, Saudi’s leading omnichannel inventory management system, accounting, and POS platform for the retail industry, announced that it raised $27 million in Series A funding round led by Wa’ed Ventures, a VC fund wholly owned by Aramco.
Quick answer
Rewaa raised $27 Million in a Series A round, dated August 31, 2023. Investors: Derayah Vc, RZM Investment, Khwarizmi Ventures, Vision Ventures, Sadu Capital, Wa’ed Ventures, Stc’s Corporate Innovation Fund and Silicon Valley’s. Rewaa is based in Al Malqa, Riyadh, Saudi Arabia.
- How much did Rewaa raise?
- Rewaa raised $27 Million in a Series A round on August 31, 2023.
- Who invested in Rewaa?
- Derayah Vc, RZM Investment, Khwarizmi Ventures, Vision Ventures, Sadu Capital, Wa’ed Ventures, Stc’s Corporate Innovation Fund and Silicon Valley’s are named as investors in this round.
- What does Rewaa do?
- Rewaa gives merchants a simpler way to run their business—by bringing all operations into one connected system.
- Where is Rewaa based and how big is it?
- Rewaa is based in Al Malqa, Riyadh, Saudi Arabia. Fundz records about 460 employees.
- Who are the decision-makers at Rewaa?
- Fundz holds 2 contacts at Rewaa, including the Director Software Quality Assurance. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Software around the same time
Companies in the same sectors as Rewaa that raised within 45 days of this round, from Fundz verified event records.
- Cursor raised $8M (Funding Round) on October 11, 2023.
- JusBrasil Ltd raised $86M on October 13, 2023.
- Interfield Global Software Inc. raised an undisclosed amount (Post-IPO Equity) on October 13, 2023.
- Bionano Genomics raised $35M on October 13, 2023.
- Streamex Corp. raised $861K (Seed) on October 12, 2023.
- Stream Systems raised an undisclosed amount (Corporate Round) on October 12, 2023.
Who to call at Rewaa, and when
A new round usually means Rewaa is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Rewaa raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Rewaa, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Rewaa. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment Rewaa raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Funding Insights
What this usually meansRewaa raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.