Four Saudi startups raise about $65m as capital shifts to business infrastructure
By Cicada DeskEvent date: 1 min read
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In brief
Four Saudi technology companies announced financing worth about $65 million in early September 2026.
Four Saudi technology companies announced financing worth about $65 million in early September 2026. Corporate travel platform FlyAkeed raised SAR 94.3 million (about $25 million) in equity led by Sanabil Investments plus Murabaha sukuk, with Artal Capital, stc Group's venture fund and Aljazira Capital participating; SAMA-licensed microfinance company Nayla raised $18 million in a pre-Series A of equity and debt led by Idrisi Ventures.
Automotive platform Syarah raised $12 million from Impact46, and logistics company Sirdab closed a $10 million Series A co-led by Elm and BECO Capital. FlyAkeed and Nayla both said part of the money will go to AI tools and AI-driven lending.
Key figures
- $65mtotal raised by the four startups
- 94.3SAR mFlyAkeed round
- $18mNayla pre-Series A
Sources
This report is compiled from the sources below. Cicada links to every source we rely on.
- 1Saudi startups raise $65mn as capital shifts to business infrastructure Middle East Observer · 12 Sept 2026
- 2FlyAkeed secures SAR 94 mn to accelerate local, regional expansions Mubasher · 3 Sept 2026
- 3Nayla raises $18mn pre-Series A round to advance AI-powered lending solutions Mubasher · 3 Sept 2026
Archive report. Written in 2026 from contemporary sources and dated to the day the event happened.
Cite this story
Cicada Desk. "Four Saudi startups raise about $65m as capital shifts to business infrastructure". Cicada, 12 September 2026. https://cicadaconsultancy.online/en/news/saudi-startups-65m-early-september-2026
Free to quote and reuse with attribution under CC BY 4.0.
