Safqah Capital Raises $15.2 Million Seed Funding Round
By Amit Chowdhry ● Today at 2:15 PM
Riyadh based fintech and proptech company Safqah Capital has raised $15.2 million in an oversubscribed seed round that it describes as one of the largest pure equity seed financings in Saudi Arabia. The round drew participation from more than 12 institutional and venture investors, led by anb Seed Fund, Shorooq, and Rua Growth Fund, with additional participation from Sharaka Capital, COTU Ventures, Sadu Capital, 500 Global, Suhail Ventures, MEVP, Waad Invest, JOA Capital, and others.