Rize Raises $35 Million in Series A Funding
Deal News | Jan 20, 2025 | Aim Group
Saudi Arabia-based proptech company Rize has successfully raised SAR132 million ($35 million U.S.) during its Series A funding round, which combines both equity and debt. The initiative was spearheaded by Raed Ventures with additional support from Seedra Ventures and the real estate marketplace platform Aqar. This funding aims to bolster Rize's capacity to innovate and expand its services within the property technology sector, marking a significant milestone for the company. The investment will likely assist Rize in further developing its offerings and enhancing its market position within Saudi Arabia's burgeoning real estate sector.
Sectors
- Proptech
- Real Estate
- Venture Capital
Geography
- Saudi Arabia – Rize, the company receiving the funding, is based in Saudi Arabia, making it relevant to the geography.
Industry
- Proptech – The article is about Rize, a company engaged in property technology, which focuses on innovating solutions for the real estate industry.
- Real Estate – The article highlights the funding received by a proptech company, which is directly related to real estate innovations.
- Venture Capital – The funding round involves several venture capital firms, indicating its relevance to the venture capital industry.
Financials
- $35 million – The total amount raised by Rize in its Series A funding round combining equity and debt.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Rize | Target Company | Company | A proptech company based in Saudi Arabia that focuses on real estate technology solutions. |
| Raed Ventures | Lead Investor | Company | A venture capital firm that led the Series A funding round for Rize. |
| Seedra Ventures | Investor | Company | A venture capital firm that participated in the Series A funding round for Rize. |
| Aqar | Investor | Company | A real estate marketplace platform that invested in Rize during the Series A funding round. |