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Cheque Size$1M to $5M
Stages6
Industries16
Markets22
Stated Portfolio7
Operating Since2020 (6y)

About Rua Growth Fund

Rua Growth Fund is a Saudi-based venture capital firm that focuses on investing in early-stage technology companies across the Middle East and North Africa (MENA) region. The firm aims to bridge the funding gap for promising startups, yielding meaningful returns to entrepreneurs and investors while accelerating the growth of the tech revolution in the Kingdom. The fund primarily invests in sectors such as online marketplaces, fintech, enterprise solutions, and SaaS. It targets early and growth-stage companies incorporated in or with significant operations in Saudi Arabia. Rua Growth Fund's approach includes proactive deal sourcing, providing access to funding and markets, ensuring operational excellence, and facilitating a clear path to exit. Rua Growth Fund was established in 2020 through a strategic partnership between Osool & Bakheet Investment Company and iMENA Group. The team comprises seasoned investment professionals with over 100 years of combined experience in local and regional investments. The firm leverages an extensive network of investors, corporates, and ecosystem stakeholders in Saudi Arabia to support its portfolio companies effectively.

Geographical Focus

Other stated markets12

United Arab EmiratesSaudi ArabiaQatarKuwaitOmanLebanonBahrainJordanIraqPalestineYemenSyria

Requirements

Innovative technology solutions, Scalable business models, Strong management teams, Potential for regional and global expansion, Alignment with MENA market needs, Companies must be incorporated in or have significant operations in Saudi Arabia., Startups should be in the early or growth stage, primarily in sectors such as online marketplaces, fintech, enterprise solutions, and SaaS.

Stated Portfolio7

Lucidya
SiFi
Intelmatix
ZenHR
Carasti
CoinMENA
The Cloud

As reported by the investor. We hold no profile for these companies, so they are printed as stated rather than linked.

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Profile

TypeVenture Capital
CityRiyadh
Founded2020
Minimum Cheque$1M
Maximum Cheque$5M