erad, USD 22M

What moved

1. eradVenture

   erad raises a $22M Series A led by MEVP

   USD 22M

   InvestorsMEVP, 500 Global, Saudi Venture Capital (SVC), S60 Ventures, ANB Capital, Conjunction Capital, Araya Ventures, Khwarizmi Ventures, Nuwa Capital, Aljazira Capital, Oraseya Capital, Joa Capital

   A Shariah-compliant SME working-capital lender says it has deployed over SAR 500 million and approves applications within about 48 hours.

   Source: wamda.com Deal log entry

2. RelaVenture

   Rela brings in Yazeed Al Rajhi & Brothers Holding for workforce housing

   InvestorsYazeed Al Rajhi & Brothers Holding

   A startup launched in early 2026 takes a strategic investor, with the amount and stake undisclosed, to grow its workforce housing network.

   Source: wamda.com Deal log entry

3. Pinnacle CapitalPrivate equity

   Pinnacle increases its stake in Gathern

   InvestorsPinnacle Growth & Secondary Fund

   A growth and secondary fund adds to a hospitality position it first took in Gathern's $72M Series B, which Sanabil Investments led in August 2025.

   Source: wamda.com Deal log entry

4. SABICM&A

   European Commission clears Aequita's purchase of SABIC Europe

   InvestorsAequita

   The simplified review (case M.12513) gives the German industrial investor sole control of SABIC Europe, with closing expected in the fourth quarter.

   Source: ieu-monitoring.com Deal log entry