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.