barq, USD 329.5M

What moved

1. barqVenture

   barq closes a $329.5M Series A at a $1.85B valuation

   USD 329.5M

   InvestorsNoon Investments, Sohar International Bank, M20 Fund

   A SAMA-licensed payments app founded in 2023 says it has passed 15 million users, on a Series A of unusual size.

   Source: wamda.com Deal log entry

2. TabbyVenture

   Tabby raises a $233M Series F at a $6.5B valuation

   USD 233M

   InvestorsBlue Pool Capital, HSG, Wellington Management, Arbor Ventures

   Blue Pool led, with three existing investors following, as the company moves beyond buy now, pay later.

   Source: wamda.com Deal log entry

3. TarabutVenture

   Tarabut secures $50M for open banking and embedded finance

   USD 50M

   InvestorsRiyad Bank, X-Tech Fund (SAB Invest), GIB Saudi Arabia, Zamil Group, Kanoo Ventures

   Banks and corporates, not funds, supply most of the money, and the financing still awaits SAMA approval.

   Source: wamda.com Deal log entry

4. RizeVenture

   Rize secures a SAR 187.5M Murabaha facility from Jadwa

   USD 50M

   InvestorsJadwa Investment

   An asset-backed debt line funds the rental portfolio so the proptech can keep its equity for product and expansion.

   Source: wamda.com Deal log entry

5. BRKZVenture

   BRKZ raises $31M, a $13M Series B plus $18M of growth debt

   USD 31M

   InvestorsWa'ed Ventures, 500 Global, BECO Capital, ANB Capital, Stride Ventures

   A building-materials procurement platform splits its raise between equity and venture debt.

   Source: wamda.com Deal log entry