# Saudi deals in 60 seconds, week of 5 Oct 2026

> 5 Saudi moves from 5 Oct 2026 to 11 Oct 2026, led by Autobia. Sourced to the primary announcement.

Saudi deals in 60 seconds, 5 Oct 2026 to 11 Oct 2026. By Ali Asif. Public information only, not investment advice.

## What moved

1. **Autobia raises a $12M Series A led by Artal Capital** (Autobia, Venture): Amount: USD 12M. Investors: Artal Capital, Aljazira Capital, Wa'ed Ventures. A B2B auto parts marketplace will put the money into logistics and inventory financing for retailers and wholesalers. [Primary source](https://www.wamda.com/en/2026/10/saudi-autotech-autobia-raises-12-million-series-a-led-artal-capital)
2. **Project Suppliers raises a $1M pre-seed round** (Project Suppliers, Venture): Amount: USD 1M. Investors: Angel investors (unnamed). A construction and procurement marketplace for suppliers and buyers will build financing tools for MEP and construction suppliers. [Primary source](https://www.wamda.com/en/2026/10/saudi-project-suppliers-raises-1-million-pre-seed)
3. **Echelon secures backing from East40, RAED Ventures and Avra** (Echelon, Venture): Investors: East40, RAED Ventures, Avra, Ben Horowitz. The Saudi AI deployment company, which helps enterprises and government entities select and localise AI from global providers, did not disclose the amount. [Primary source](https://www.wamda.com/en/2026/10/saudi-ai-startup-echelon-secures-backing-east40-raed-ventures-avra)
4. **COFE Tech receives backing from Phoenix Venture Partners** (COFE Tech, Venture): Investors: Phoenix Venture Partners, KSH Investments. A Saudi-headquartered AI procurement and commerce platform serving over 1,000 business clients discloses an investment completed earlier in 2026, amount undisclosed. [Primary source](https://www.wamda.com/en/2026/10/cofe-tech-receives-new-backing-phoenix-venture-partners)
5. **Neopay buys 65% of Noon Payments** (Neopay, M&A): Investors: Neopay. The Dubai merchant acquirer adds Noon's online gateway to its in-store terminals for merchants in Saudi Arabia, the UAE and Egypt; value is undisclosed and approvals are pending. [Primary source](https://enterpriseam.com/ksa/2026/10/06/neopay-buys-into-noon-payments-to-fuel-regional-expansion/)

## My take

Procurement showed up three times this week, in Autobia, COFE Tech and Project Suppliers, and BRKZ did the same in September.

Canonical: https://heyaliasif.com/newsletter/2026-w41