Weekly Market Watch
14th May 2026
Stitch raised $25M in Series A led by Andreessen Horowitz (a16z) with participation from Arbor Ventures, COTU Ventures, Raed Ventures, and SVC to scale its cloud-native operating system for financial institutions across Saudi Arabia and the region.
Aumet closed a $12M Series A led by Emkan Capital alongside QDB, Shorooq Partners, SABAH VC, AAIC, and others to expand its AI-first healthcare procurement operating system across regional markets.
Stream raised a $5.2M seed extension led by BECO Capital with participation from STV, Flourish Ventures, Arab Bank, Outliers, and BYLD, bringing total seed funding to $9.2M for its MENA payments and billing infrastructure platform.
Haido secured an undisclosed investment backed by Saudi Arabia’s Tourism Development Fund to support expansion of its tourism and hospitality development projects in the Kingdom.
TruKKer secured a $300M securitization facility from Abu Dhabi Commercial Bank to support expansion of its logistics technology platform across its operating markets.
Lyrie.ai raised a $2M pre-seed round from unnamed investors as it exited stealth to build autonomous AI cybersecurity agents for enterprise and government use cases.
Hakeem Health raised $1.65M in a round led by Merak Capital with participation from Sanabil 500 to scale its hospital analytics SaaS platform across GCC healthcare systems.
Gabster raised $500K in pre-seed funding led by RAI and T2 to develop its AI-powered business management platform integrating multiple communication channels for SMEs.
HASIF received undisclosed seed investment via Snoonu’s Startup Factory Initiative to expand its AI accounting and compliance SaaS targeting SME digitization in Qatar.
Qatar Investment Authority committed $500M to General Atlantic to support global growth equity investments and expand MENA-linked late-stage venture opportunities.
Bosta recorded a successful exit for Beltone VC and Citadel International Holdings, delivering a 75% IRR and highlighting strong liquidity outcomes in Egypt’s logistics sector.
SRMG increased its stake in Thmanyah to 75% and committed $53.2M in financing to expand its digital sports and media content platform in Saudi Arabia.
Tamara reported a 378% increase in net profit to SAR 123M, reflecting strong profitability improvement in its BNPL business model.
Tabby reported 33% revenue growth alongside improving profitability despite higher risk and financing costs, reinforcing BNPL sector maturity in the GCC.