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Corporate Venture
raed.vc

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Investments

39

Portfolio Exits

2

About Raed Ventures

Raed Ventures is a Saudi corporate venture capital firm established by Almajdouie Holding in 2015. It provides funding for the seed and early stage startups in Saudi Arabia and MENA region.

Raed Ventures Headquarter Location

Almajdouie Tower 2881 King Fahd Rd, Al Faisaliyah

Dammam,

Saudi Arabia

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Latest Raed Ventures News

Saudi Aramco invests $5.5m in fintech startup Lamaa

Dec 2, 2021

External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Saudi Aramco invests $5.5m in fintech startup Lamaa 1 hour ago Source: Lamaa Fintech startup Lamaa secured a $5.5M seed round led by Raed Ventures and Saudi Aramco’s entrepreneurship arm Wa’ed. The investment comes in line with Saudi Arabia’s commitment to SMEs' financial inclusion part of the kingdom’s vision 2030 push. Lamaa, a Riyadh-based fintech startup which provides invoice financing solutions for small and medium sized enterprises (SMEs), has announced it has secured one of the largest seed funding rounds in the Kingdom of Saudi Arabia. The fast-growing fintech has raised $5.5 million in its seed round, which has been co-led by Raed Ventures and Saudi Aramco’s entrepreneurship arm Wa’ed. Lamaa provides financing solutions such as Supply Chain Finance & B2B Buy Now Pay Later plans for SMEs with the aim to create more efficient working capital management for suppliers and maximizing return on treasury for corporate, in line with Vision 2030 to enable and digitalize SMEs and raise their contribution to 35 percent of GDP by 2030. “Since our initial launch in March 2021, Lamaa has grown dramatically, with over 100 corporate clients in the pipeline and a projection of over $1 billion dollars’ worth of invoices to be soon launched in its marketplace,” Sumeet Khutale, founder and CEO of Lamaa said. He continued, “In addition to supply chain finance, we will soon start offering B2B Buy Now Pay Later plans, which would be the first offering of its kind in the region. We also plan to expand our company into Egypt, UAE and Qatar in the next few months.” Lamaa was established in early 2021 by Sumeet Khutale, who has recently relocated from London to Riyadh and has extensive experience in Investment Banking Technology and Cloud banking with global consulting companies such as Barclays Capital and JP Morgan. Lamaa seeks to address available funding gaps for SMEs whose size present a challenge in obtaining credit risk ratings, having a direct impact on their cashflow. "What excites us about Lamaa is that it’s a great platform to empower SMEs in Saudi Arabia, and it's managed by a well-experienced team led by Sumeet," said Omar Almajdouie, founding partner at Raed Ventures. "For Lamaa, creating tremendous value from already-available cash will generate a win-win scenario in almost every transaction." “For a newly established start-up that has already acquired impressive growth and secured key partnerships across the Saudi market, Lamaa presents the type of entrepreneurial business that not only empowers its own team and start-up sector, but can also promote a stronger foundation for other emerging local SMEs who use the platform for financing solutions,” said Fahad Alidi, the Managing Director at Wa’ed. “We’re proud to support Lamaa’s founding team as they continue to break new grounds in the local fintech space.” Lamaa’s market potential in MENA is huge; the region’s GDP is $3 Trillion, 30% of which at least is attributed to SMEs. In parallel, 22% of Saudi’s current GDP ($700 billion) comes from SMEs. Related Companies

Raed Ventures Investments

39 Investments

Raed Ventures has made 39 investments. Their latest investment was in Lamaa as part of their Seed VC on December 12, 2021.

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Raed Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/1/2021

Seed VC

Lamaa

$5.5M

Yes

8

11/10/2021

Seed VC

Rabbit

$11M

Yes

4

11/1/2021

Seed VC

Zarya

$1.7M

Yes

1

8/4/2021

Series B

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$99M

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10

8/3/2021

Seed VC

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$99M

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10

Date

12/1/2021

11/10/2021

11/1/2021

8/4/2021

8/3/2021

Round

Seed VC

Seed VC

Seed VC

Series B

Seed VC

Company

Lamaa

Rabbit

Zarya

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Amount

$5.5M

$11M

$1.7M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

8

4

1

10

10

Raed Ventures Portfolio Exits

2 Portfolio Exits

Raed Ventures has 2 portfolio exits. Their latest portfolio exit was Swvl on July 28, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/28/2021

Acq - Pending

$991

6

00/00/0000

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10

Date

7/28/2021

00/00/0000

Exit

Acq - Pending

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Companies

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Valuation

$991

Acquirer

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Sources

6

10

Raed Ventures Team

3 Team Members

Raed Ventures has 3 team members, including current Founding Partner, Talal Alasmari.

Name

Work History

Title

Status

Talal Alasmari

Founding Partner

Current

Omar A. Almajdouie

Founding Partner

Current

Saed Nashef

Founding Partner

Current

Name

Talal Alasmari

Omar A. Almajdouie

Saed Nashef

Work History

Title

Founding Partner

Founding Partner

Founding Partner

Status

Current

Current

Current

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