In an initiative unprecedented in the Arab world, Raed Ventures announces the launch of Raed Plus, a unique set of programs that provide entrepreneurs with value-adding services critical to early-stage startups’ operations. Raed Plus is piloting with a strategic partnerships program delivered hand-in-hand with some of the best regional and international technology providers.
Agreements between Raed Ventures and more than 25 firms will deliver to Raed Venture’s portfolio companies free or heavily discounted services in addition to access to specialized international advisory expertise. Not only does the program facilitate startups’ growth and expansion but also promises savings of up to $400,000. Omar Almajdouie, Founding Partner at Raed Ventures, says, “This program’s mission is to give all our portfolio companies equal opportunity to receive regular value-add services.” Since 2015, Raed Ventures has been a pioneer venture capital firm investing in early-stage technology startups from Saudi Arabia and the MENA region. Raed Ventures is proud to have made investments in some of the regions most promising and fast-growing startups. To-date, their portfolio includes 20 startups from various sectors including logistics, F&B, insurance and data analytics.