Tawaref and Thanawi Partner at LEAP for MENA Startup Boost
Deal News | Feb 12, 2025 | Zawya
Tawaref and Thanawi have signed a Memorandum of Understanding (MoU) at LEAP 2025, forming a strategic partnership aimed at enhancing startup investment and exit strategies in the MENA region. This collaboration seeks to streamline investor-startup transactions by employing innovative digital tools and creating an integrated digital ecosystem. This initiative aligns with Saudi Arabia's Vision 2030 and aims to position the country as a leader in digital transformation within the startup arena. Key figures involved in this milestone include Saeed Al-Ansari, CEO of Tawaref, and Ahmed Abubaker, CEO of Thanawi. The partnership also benefited from the insights of esteemed advisors such as Mr. Waleed A. Alballaa and Mr. Adel Al Ateeq, as well as Dr. Abdulaziz Al-Obaid, Chairman of the Advisory Board.
Sectors
- Technology
- Venture Capital
- Entrepreneurship
Geography
- Saudi Arabia – The partnership is within Saudi Arabia and aligns with the country's Vision 2030 for entrepreneurship and innovation.
- MENA Region – The strategic MoU aims to impact the broader MENA region's startup investment ecosystem.
Industry
- Technology – The article involves digital platforms and technological solutions aimed at advancing digital transformation in startup transactions.
- Venture Capital – The focus on startup investment and exit strategies ties the content to venture capital activities.
- Entrepreneurship – The partnership intends to support and enhance operations in the entrepreneurship sector in MENA.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Tawaref | Company | Target company | A Saudi-based tech platform providing comprehensive support services for startups, including funding and acceleration. |
| Thanawi | Company | Target company | A digital platform that facilitates share transactions between buyers and sellers, enhancing startup investment processes. |
| Saeed Al-Ansari | Person | CEO and Founder of Tawaref | |
| Ahmed Abubaker | Person | CEO and Founder of Thanawi | |
| Mr. Ibrahim Niaz | Person | Director of NTDP | Provided support at the signing event. |
| Mr. Waleed A. Alballaa | Person | Advisor to Tawaref Board | Advisor contributing to the partnership. |
| Mr. Adel Al Ateeq | Person | Advisor to Tawaref Board | Advisor contributing to the partnership. |
| Dr. Abdulaziz Al-Obaid | Person | Chairman of the Advisory Board | Provided leadership and vision for Tawaref. |