Startup Wrap – Saudi based startups continue to raise significant funding

CAIRO: The startup ecosystem in Saudi Arabia remains at the forefront of regional funding trends, attracting substantial investments.

Naeem, a Saudi Arabia-based software as a service platform targeting the salon and beauty sector, has recently closed an undisclosed pre-seed funding round led by Lunment and a group of angel investors.

Founded in 2022 by Abdullah Al-Mansour and Saleh Al-Butti, Naeem’s services, which cater to both customers and business owners, include point of sale systems, reservations, financial, and operational management.