Saudi Startup Thanawi Scoops Up $500K to Revolutionize Unlisted Company Exits

In a move that's turning heads across the Saudi startup scene, Thanawi has announced the successful closure of its pre-seed funding round, pulling in a hefty SAR 1.875 million (around $500,000). The funding reflects a strong vote of confidence from a cadre of angel investors who see serious potential in Thanawi's mission to transform how unlisted companies manage exits and share transfers.

"Navigating exit processes and share transfers can feel like finding your way through a desert without a compass," CEO Ahmed Abu Bakr mused. "We've lived these challenges ourselves, and we're committed to paving a clear, efficient path for others."

Since opening their doors, Thanawi has been on a remarkable trajectory. The platform has quickly amassed companies whose combined market value has soared past SAR 1 billion. "It's been a whirlwind," Ahmed admitted with a smile. "The response from the market has been nothing short of inspiring."

With the new funds in their coffers, Thanawi is gearing up to supercharge their technology and bring aboard some of the best and brightest minds. "Innovation is at the heart of what we do," Ahmed explained. "By investing in advanced tech and top talent, we're ensuring that our clients receive the exceptional service they deserve."

But they're not stopping there. Expansion is firmly on the horizon. Thanawi plans to extend its reach throughout the Kingdom, opening doors for more companies and investors to benefit from their platform. "Our goal is to be the trusted bridge between companies and investors, not just in Saudi Arabia but across the region," Ahmed shared. "We're all about building lasting relationships that foster sustainable growth."

One of the angel investors, Abdulaziz Al-Abid, CEO of Share Investment, shared his excitement about the partnership. "When I first met the team at Thanawi, I was struck by their vision and dedication," he said. "They're not just offering a service; they're driving a movement towards transparency and efficiency in our market. I knew I had to be a part of it."

Looking ahead, Thanawi is already planning another funding round slated for the fourth quarter of this year. This upcoming round aims to fuel further expansion and roll out additional solutions and services that align with their ambitious strategic plans.

Established recently under the keen guidance of Ahmed Abu Bakr, Thanawi is more than just a company—it's a response to a genuine market need. Their platform provides automated, secure services that allow investors seamless access to lucrative exit opportunities. "It's about time we leverage technology to simplify these processes," Ahmed remarked. "We're here to make a difference."