Week of 5 Oct 2026
Autobia, USD 12M
5 Saudi moves from 5 Oct 2026 to 11 Oct 2026, led by Autobia. Sourced to the primary announcement.
By Ali Asif, 5 Oct 2026 to 11 Oct 2026
What moved
Autobia raises a $12M Series A led by Artal Capital
USD 12M
InvestorsArtal Capital, Aljazira Capital, Wa'ed Ventures
A B2B auto parts marketplace will put the money into logistics and inventory financing for retailers and wholesalers.
Project Suppliers raises a $1M pre-seed round
USD 1M
InvestorsAngel investors (unnamed)
A construction and procurement marketplace for suppliers and buyers will build financing tools for MEP and construction suppliers.
Echelon secures backing from East40, RAED Ventures and Avra
InvestorsEast40, 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.
COFE Tech receives backing from Phoenix Venture Partners
InvestorsPhoenix 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.
Neopay buys 65% of Noon Payments
InvestorsNeopay
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.
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