AI
Saudi Arabia
UAE
EgyptSaudi Startup “Jaree” Launches Platform to Simplify Early-Stage Venture Investing
2 min
TDF signed a financing agreement with Dar Al Arkan and Smart Destination.
The project is a luxury mountain resort in Abha’s Al Soudah area.
It will include a hotel, serviced apartments, restaurants, and retail outlets.
The development aligns with the “Saudi Summer” and “Spirit of Saudi” campaigns.
TDF aims to attract private investment to Asir’s tourism sector.
- In a move set to reshape the early-stage investment scene in Saudi Arabia, entrepreneurs Faisal Al-Naji and Noura Al-Nahidh have officially launched “Jaree”—a new digital platform designed to connect startups with qualified investors in a smarter, more structured way.
Unveiled this April, Jaree was born out of a growing problem in the local startup ecosystem: promising early-stage ventures struggle to find the right backers, while individual investors often lack access to high-quality, vetted opportunities. Jaree aims to fix that disconnect by creating a digital meeting ground for both sides.
The platform facilitates seamless access to investment opportunities through features like deal discovery, co-investment alongside top VC funds, and structured reporting. Investors can browse curated startup pitches, join syndicates, and even access due diligence tools to make informed decisions. On the startup side, founders gain visibility among a network of serious investors and receive guidance in refining their pitch and closing deals.
According to co-founder and CEO Faisal Al-Naji, the traditional venture scene has often been clubby and opaque: “Great deals were usually reserved for funds, while individuals with serious appetite struggled to access them. That’s exactly why we built Jaree—to democratize venture investing.”
Importantly, the company isn’t just about volume. Jaree emphasizes quality over quantity by screening startups, assessing their readiness, and ensuring they align with local regulatory standards. That curation-first mindset is a key differentiator in a market that’s heating up fast.
The startup’s credibility is further underscored by its recent graduation from Tech Champions 4, an accelerator program run by the Ministry of Communications and Information Technology’s CODE initiative. Since then, Jaree has already attracted more than 150 qualified investors and helped close several early-stage funding rounds.
This launch comes at a time of record-breaking growth for Saudi Arabia’s venture capital scene. In 2024 alone, VC funding exceeded $750 million—a figure that underlines just how much appetite there is for scalable tech and startup investment. With tools like Jaree now on the scene, the process could become more transparent, inclusive, and impactful for everyone involved.
