Tech Company Financing Transactions
Erad Funding Round
Middle East Venture Partners, 500 Global and Alistithmar Capital invested in a $22 million Series A capital raise for Erad. The financing closed on 9/28/2026.
Transaction Overview
Company Name
Announced On
9/28/2026
Transaction Type
Venture Equity
Amount
$22,000,000
Round
Series A
Investors
Proceeds Purpose
The company will use the capital for the expansion of its core risk-modeling and data science engineering teams, enhance its automated credit underwriting engines, and scale its non-dilutive financing operations to drive corporate client acquisition across Saudi Arabia and the broader GCC markets.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Al Mustaqbal Street
Riyadh, Undisclosed
Saudi Arabia
Riyadh, Undisclosed
Saudi Arabia
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Innovative financial solutions for ambitious businesses. We partner with businesses to turn opportunity into growth. Through flexible and fast financing, we provide the capital and clarity companies need to invest, expand, and grow with confidence.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Salem Asiri
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Where The Data Comes From
We do our best to document tech company VC transactions. VC investment data records reported here are sourced from publicly available VC deal announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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