Merak Capital

Founded in 2018, Merak Capital is a Riyadh-based investment firm licensed by the CMA for managing private funds and advising on financial securities. It specializes in technology investments across various asset classes, with a primary focus on equities. The company operates in KSA and MENA regions for private equity and venture capital, and globally for public equities.

Othman Alhokail

Founding Partner

Past deals in Saudi Arabia

SHIFT

Seed Round in 2024
Shift mission is to develop sustainable solutions and reshape the landscape in Saudi Arabia by offering a full suite of services.

Syaaraat

Venture Round in 2021
Syaaraat is a digital financing broker based in Saudi Arabia that aggregates banks and car dealerships on a single platform. By offering a variety of auto financing options, Syaaraat enables customers to save time, effort, and money when seeking car loans and leases. The platform simplifies the financing process by allowing users to compare offers from multiple financial institutions, thereby enhancing accessibility to car financing solutions. Syaaraat focuses on the auto lease sector, streamlining the experience for customers looking to buy, sell, or finance vehicles. Through its innovative approach, Syaaraat aims to increase sales and reduce costs associated with car financing.

Qoyod

Series A in 2019
Qoyod is a cloud-based accounting software provider established in 2016, headquartered in Riyadh, Saudi Arabia. The company specializes in offering an online accounting and invoicing platform tailored for startups and small to medium-sized enterprises (SMEs) in Saudi Arabia. Qoyod enables users to efficiently issue invoices, manage expenses, and monitor budgets while automating the recording of journal entries. Additionally, the platform supports the generation of financial statements and business reports that meet both commercial and statutory requirements in the region. Key features include purchase order issuance, stock management, point of sales capabilities, and API services, all designed to enhance productivity and competitiveness for its clients. Users can select from various service packages available on a monthly or annual basis, benefiting from a comprehensive suite of accounting tools.
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