HALA Ventures

Established in 2018 and headquartered in Al-Khobar, Saudi Arabia, HALA Ventures is a venture capital firm focused on investing in early-growth stage technology startups.

Ali Abussaud

General Partner

Hussain Almarhoon

General Partner

Past deals in Saudi Arabia

Nearpay

Series A in 2023
Based in Saudi Arabia, Nearpay is a fintech company dedicated to simplifying merchant payments. They develop innovative payment infrastructure solutions tailored for banks, payment providers, and SaaS startups.

Nearpay

Seed Round in 2022
Based in Saudi Arabia, Nearpay is a fintech company dedicated to simplifying merchant payments. They develop innovative payment infrastructure solutions tailored for banks, payment providers, and SaaS startups.

VUZ

Series A in 2021
VUZ is a developer of an immersive video platform and social app for XR and Metaverse experiences. It streams 360-degree video, live events, and interactive entertainment across VR, AR, and other devices, enabling users to access immersive content from anywhere. It offers a large library of content (over 20,000 hours) spanning entertainment, creators, and sports, and features such as gyroscope-based navigation and social sharing to enhance realism and interactivity. It aims to connect people by removing travel, time, and access constraints. Founded in 2017, the company operates with offices in Los Angeles, Dubai, and Riyadh.

Tamara

Pre Seed Round in 2020
Tamara is a prominent shopping and payments platform based in Riyadh, Saudi Arabia, and serves the GCC region. Founded in September 2020 by Abdulmajeed Alsukhan and his partners, the company aims to revolutionize shopping, payment, and banking experiences. With a workforce of over 350 employees, Tamara operates additional offices in the UAE, Egypt, Germany, and Vietnam. The platform empowers merchants by providing flexible payment solutions, including installment options, through its application programming interfaces and plugins. This functionality enhances customer experiences and boosts sales for merchants. Tamara has established a robust customer base of 6 million and collaborates with over 15,000 partner merchants, which include both leading global brands and local small and medium enterprises. The company has successfully raised significant funding, highlighting its strong market presence and growth potential.

VUZ

Series A in 2020
VUZ is a developer of an immersive video platform and social app for XR and Metaverse experiences. It streams 360-degree video, live events, and interactive entertainment across VR, AR, and other devices, enabling users to access immersive content from anywhere. It offers a large library of content (over 20,000 hours) spanning entertainment, creators, and sports, and features such as gyroscope-based navigation and social sharing to enhance realism and interactivity. It aims to connect people by removing travel, time, and access constraints. Founded in 2017, the company operates with offices in Los Angeles, Dubai, and Riyadh.

Telfaz11

Series A in 2018
Telfaz11 is a media production company based in Riyadh, Saudi Arabia, founded in 2011. It operates an Arabic multi-channel network that focuses on talent management, comedy, entertainment, and content creation. The company specializes in producing and distributing engaging online content, partnering with video platforms to deliver captivating series and films that resonate with local audiences while maintaining universal appeal. Telfaz11 influences social trends and provides opportunities for brands to promote themselves through its creative entertainment offerings, ensuring a blend of entertainment and brand promotion within its network.

DailyMealz

DailyMealz is a food delivery platform based in Riyadh, Saudi Arabia, founded in 2017. The company focuses on promoting healthy eating by connecting customers with the best healthy food restaurants in Saudi Arabia and Kuwait. Through its innovative platform, DailyMealz offers subscription services that allow users to order nutritious meals for a week or a month, ensuring they receive a variety of healthy options made from local ingredients. With a team of skilled inventors and professional drivers, DailyMealz simplifies the process of enjoying healthy meals every day, delivering them directly to customers' doorsteps.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.