Impact46

Impact46 sold its entire stake in Rasan for SAR 918 million

As fund manager of Venture Capital InsurTech Fund and Impact Growth Fund (Impact46), Impact Financial Company announced the successful completion of the sale of the entire stake in Rasan Information T...

Impact46 invests SAR 50 million in Saudi startup Cipher

Saudi venture capital firm Impact46 has announced a strategic pre-IPO investment of SAR 50 million (over $13.3 million) in Cipher, a Saudi-based cybersecurity startup. This investment underscores Impa...

Saudi NDF, SDB establish $120 million venture funds for gaming and esports

In an innovative move to bolster the gaming and Esports industry within the Kingdom, the National Development Fund (NDF), in collaboration with the Social Development Bank (SDB), announced the signing...

Riyadh Valley Company invests in IMPACT46 Fund III

Riyadh Valley Company, the investment arm of King Saud University, announces its investment in IMPACT46 Fund III. The Fund invests in technology startups that provide new and innovative solutions capa...

AstroLabs joins forces with LBS’s MENA Entrepreneurship Club

The prestigious London Business School’s MENA Entrepreneurship Club joined forces with AstroLabs, MENA’s leading entrepreneurship ecosystem builder, to support aspiring entrepreneurs with ...

Saudi-based Zid successfully raises $50 million in a Series B funding

Saudi-based Retail enablement company, Zid, has successfully raised $50 million in a Series B funding led by IMPACT46 with participation from Waed Ventures and Endeavour Catalyst, Global Ventures, Elm...

Raseed raises $1.1 million in pre-seed round led by Impact46

Raseed, the investment platform for GCC residents enabling access to stock trading in the US market, has raised a $1.1 million (SAR 4.1 million) Pre-Seed round led by Impact46 with participation from ...

Syarah secures $20 million in Series B

The leading online car marketplace Syarah, secured $20 million (SAR75 million) for its Series B investment round co-led by Impact46 and Elm company. The investment round aims to broaden the platform’s...

Saudi Arabia’s online grocery platform Nana Direct raises US$6.6m

Saudi Arabia’s online grocery platform, Nana Direct serving 13 cities across the Kingdom has been able to raise US$6.6m and the series A funding was co-led by Middle East Venture Partners (MEVP)...