Weekly Temperature: $87.85M disclosed, and a $2.5B number with a reported marker

RIYADH — FlyAkeed, $25.15M Growth, Sanabil Investments leads.

The biggest disclosed Saudi startup cheque of LEAP week, and the structure matters: Shariah-compliant sukuk stapled to equity to fund a B2B deferred-payment book. Sanabil plus stc's tali in one round is the Saudi state-and-telco capital stack in miniature.

DUBAI — Enhance, $18.2M Growth, Global Ventures leads.

A Gulf-built vertical SaaS company raising regional money to win in the US, which is the reverse of the usual flow. Stride's venture-debt tranche shows non-dilutive capital arriving for GCC software with real revenue.

RIYADH — Nayla, $18M Pre-Series A, Idrisi Ventures leads.

First Sanabil Studio venture to close an institutional round, which validates PIF's studio model. The $18M blends equity with a BLOMINVEST debt facility; the split was not reported, so the headline stands as announced and the debt is noted here.

RIYADH — Syarah, $12M Growth, Impact46 leads.

An inside round from an existing backer two years after a $60M Series C reads as bridge-to-scale, not a new mark. A useful barometer for how Saudi growth-stage consumer companies get financed in a tighter 2026.

RIYADH — Sirdab, $10M Series A, Elm and BECO Capital co-lead.

A profitable Saudi logistics-infrastructure company taking a strategic from Elm, a listed PIF digital champion, plus regional VC plus a YC halo. That is the template for a 2026 Saudi round.

CAIRO — 3C Coding School, $3M Seed, MRG Economic Group leads.

Another Egyptian company raising on a Saudi-entry story. The Cairo-to-Riyadh pipeline is now the default growth narrative for Egyptian consumer and edtech startups while domestic capital stays tight.

RIYADH — Remedium, $1.5M Pre-seed, Kaltaire Investments leads.

Small cheque, clear signal: Saudi climate-reporting demand from Vision 2030 disclosure rules and giga-project supply chains is now producing venture-backed local software rather than imported tools.

RIYADH — HUMAIN data-centre fund, $2.5B (reported) fund, BSF Capital (manager).

The first time HUMAIN has opened its infrastructure build-out to outside capital instead of leaning on PIF alone. It still needs CMA approval, and the size comes from sources rather than the company, so read $2.5B as a starting number.

RIYADH — HUMAIN, Undisclosed · >$10B planned fund.

The single largest pool of new venture money the region has ever pointed at AI, and it comes with strings: portfolio companies run compute on Saudi data centres or move staff into the Kingdom. Expect the fund to reshape where global AI startups locate before it reshapes returns.

RIYADH — Salla (acquires Paylink), terms undisclosed.

The Kingdom's Shopify equivalent buying the payment rail under its own storefronts. Merchant lending and POS are the obvious next moves, and standalone Saudi PSPs just lost a chunk of their addressable market.

AMMAN — Abwaab (acquires Eduact), terms undisclosed.

Consolidation has arrived in MENA edtech, and it is a Jordanian buyer rolling up Egyptian products to move from B2C learning into B2B tooling for educators. Cheap Egyptian assets plus a regional distribution engine is a repeatable playbook.

DUBAI — Arabic.AI, Undisclosed Strategic, HUMAIN leads.

HUMAIN's first visible regional startup investment of the LEAP cycle, and it is in Arabic language technology rather than infrastructure. The sovereign AI player intends to own the application layer for government and enterprise Arabic workloads.

KUWAIT CITY — COFE Tech, Undisclosed · $178M valuation Pre-IPO, Wa'ed Ventures and Aditum Investment Management co-lead.

A coffee-ordering super-app rebranding as agentic enterprise procurement and pointing at Tadawul by 2029. The clearest sign yet that the region's exit path runs through Riyadh's public markets rather than trade sales.