Tech Company Financing Transactions
Manafa Funding Round
STV Group and Wa'ed Ventures participated in a $28 million Series A funding round for Manafa. The round was announced on 12/31/2022.
Transaction Overview
Company Name
Announced On
12/31/2022
Transaction Type
Venture Equity
Amount
$28,000,000
Round
Series A
Investors
STV Group (Lead Investor)
Wa'ed Ventures (Lead Investor)
Proceeds Purpose
The company intends to use the funds to accelerate its growth in Saudi Arabia, and expand its offering with the launch of several products and financing solutions in addition to doubling the number of investors on its platform.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Anas Bin Malek Road Post Box
Riyadh, 11351
SA
Riyadh, 11351
SA
Phone
Undisclosed
Website
Email Address
Overview
Founded in 2018, Manafa is a fintech and investment company that provides a crowdfunding platform, headquartered in Riyadh, Saudi Arabia. This firm's platform allows investors to diversify their portfolios by investing in emerging companies in the region. Manafa mainly caters to small and medium-sized companies and entrepreneurs by digitizing the investment process.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Abdulaziz Al-adwani
Chief Technical Officer
Shahram Javed
Co-Founder
Abdullah Mashari
Co-Founder
Amr Murad
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