CrowdAnalyzer Team

CrowdAnalyzer Team


Raed Ventures continued its rapid and disciplined performance in the first quarter of 2018. Its five investments showed a qualitative picks for leading companies in several major regional industries such as logistics, real estate, automotive, and big data analytics.

The outstanding performance of Syarah, CrowdAnalyzer, and SocialDice led Raed Ventures to invest in the three companies for a second time. This second investment aims at accelerating the regional growth of the companies mentioned on the one hand and developing advanced technologies on the other.

Syarah is the fastest growing automotive classifieds in Saudi Arabia. Its highly advanced technology offers customers creative services such as; direct purchase from the site through cash or financiers.

When it comes to big data analysis from social media and the press, CrowdAnalyzer is the leading platform in the region. The advanced technology developed by CrowdAnalyzer, which specializes in analyzing the Arabic language with most its local dialects, makes the company a pioneer in their field.

Last but not least, SocialDice is a big data analytics engine specializing in automated recruitment. It’s destined to companies that aim at increasing the effectiveness of the recruitment process at a reduced cost. The company has succeeded at developing a unique algorithm that can automatically aggregate details about the potential candidates to filter them and organize the recruitment steps.

In a visionary approach to the technology of logistics and real estate sectors, Raed Ventures has invested in two promising companies whose names will be announced in coming months depending on the founders’ plans.

Talal Al-Asmari, The managing partner at Raed Ventures, presented a lecture entitled “E-Commerce, The Promising Investment.” The lecture was hosted by the e-commerce committee at Riyadh Chamber. The target segment was the e-commerce owners and the entrepreneurs who would like to know more about the practical steps to present startups to investors in venture capital funds.
The lecture included four main sections:

  • Determine the real objective of your startup
  • The actual and promising investments in our region
  • How the investor will assess your startup
  • Preparing the investment round and its stages

This lecture is one of the educational initiatives offered by Raed Ventures for the community.
The presentation of the lecture is attached here for the benefit of all.

 

GoldenScent is a Saudi-based beauty ecommerce platform, announced today closing a Series A round led by Saudi Aramco, Entrepreneur Venture and Equitrust along with Wamda Capital and Raed Ventures.

This funding accentuates and reflects the increasing growth of the online beauty market in the GCC region, as Golden Scent mentioned in their statement. The new fund will be used to grow Golden Scent, and allow it to introduce new product categories, along with marketing their new app.

Founded by end 2014, Golden Scent has been growing to become one of the leading beauty online e-shopping platforms in the Kingdom.

“The company has already broken even, achieving a double digit million dollar in revenues. The strong growth as well as the vision and excellence of the founders who built Golden Scent to the number one beauty online destination in the GCC, has led us to invest in this excellent opportunity,” said Omar Almajdouie, managing partner and founder of Raed Ventures.

Trukker is an on-demand truck aggregator network with a focus on connecting smaller operators with shipping firms. It is relying on technology as a key to growth. The company has grown rapidly in 2017 and is preparing to expand its operations in 2018 to the GCC.

Raed Ventures led the Trukker’s first investment round of $1.4m with the participation of RTF, 500Startups and Alshareef Group Holding. The round aims to enhance and expand the company’s business in the region.

“The trucking industry has remained traditional for a very long time, relying on brokers to connect trucking companies and shippers, an uneven process, which is ready for technology-based transformation,” said founder and CEO Gaurav Biswas.

“Our services and products are designed to fill the gap between what the industry requires from an organized transportation company and what services are received from the unorganized small and individual owner-drivers.”

Malaeb, a Bahrain-based startup that lets people book sports venues has raised seed investment led by Raed Ventures with participation from two other Saudi-based VCs, Vision Ventures and Inspire Ventures, and 500 Startups.

Malaeb co-founded by Ahmed AlRawi and Yasser Hadi, Malaeb through its mobile applications help people find and book sports venues near them. The startup currently allows booking of football fields only but has plans to introduce other sports as well. Users can also create teams and challenge others using Malaeb’s mobile applications.

Malaeb that has hundreds of fields registered with them, has helped more than 100,000 players play their favorite sport until now. “I’m very happy to see the progress we reached to so far which led to this investment. Malaeb has grown rapidly in less than a year and a half. We are operating in 4 countries and we helped over 100,000 players play their favorite sport. You can find and book your football field from the app, as it is very difficult to find the suitable field and go through the booking process. We offer hundreds of sports fields to solve that issue,” said Ahmed AlRawi, the Co-Founder & CEO of Malaeb.

Currently available in Bahrain, Kuwait, Oman and Saudi, Malab has plans to expand into other countries of the region.

Malaeb will use the investment to accelerate its growth in GCC and build smart technologies to create unique experience for football players. “This is only the beginning for Malaeb, and we have a long way ahead with plenty of challenges that we’re looking forward to as we reach to our vision to create an unconventional social experience to the way sports are played. We are focusing on further expansion in Saudi and other GCC countries, and other surrounding countries soon after. Introducing other sports is also something in our plans where you can book and play almost any sport.” he added.

Saudi Arabia’s Foodics has closed a SAR 15 million ($4 million) investment round, led by Raed Ventures and Riyad Taqnia Fund (RTF) with the participation of Neseel Holding and 500 Startups Fund. This is the first raise done by Foodics.

Ahmed Alzaini, the cofounder of Foodics, attributed the success of this round to the startup’s fast growth enabled by a high demand for the company’s cloud-based point of sale system, which allows seamless operations management of restaurants and retail stores.

Foodics was founded in 2013 in Khobar by two young entrepreneurs, Alzaini and Musab Alothmani. It provides products that are characterized by their ability to integrate with Internet-based services such as accounting and inventory management systems.

In addition, Foodic’s products can be integrated with the widely available fast growing on-demand food delivery platforms. Foodics systems are offered in competitive packages for retailers and restaurants, said Alzaini.

Omar Almajdouie, Raed Ventures founding partner, said: “We are pleased to see the success of this round and the contribution of highly sophisticated and strategic investors to the company.” The investors will support the company to accelerate the its growth in the two current markets (Saudi Arabia and the UAE) and open new markets in the Gulf and the Middle East.

He added that Foodics success in its industry shows that Saudi companies are able to enter into the complex technological fields that were exclusive to foreign companies.

Hani Enaya, Taqnia’s Investment Head, said that this investment is part of RTF’s efforts to and scale startups in the Kingdom and the region, adding that RTF has a strong conviction that Foodics will become one of the leading companies in the digital transformation of the region.

in 2015, Foodics participated in Badir Program for Technology Incubators in Riyadh then graduated in Q4 2016. Currently it employs 52 employees in 4 cities: Riyadh, Jeddah, Khobar, and Dubai.