In partnership between iMENA Group and Osool & Bakheet (the first CMA licensed Asset Management Company in KSA), Rua Growth Fund was launched in 2020. The fund mainly invest in Fintech, Online Marketplaces, and Enterprise Solutions (SaaS) startups at Growth Stage (with minor allocation to early stage)  and with significant operations in Saudi Arabia. The Fund’s mission is to bridge the funding gap of promising startups and yield meaningful returns to the entrepreneurs & investors, while accelerating growth of the tech revolution in the Country.

The Funds current portfolio include:

1.     Carasti: On-demand monthly car subscription app that offers affordable and flexible all-inclusive automotive services

2.     CoinMENA: Sharia-compliant crypto-assets trading platform

3.     Lucidya: Location based social media monitoring and analytics tool

4.     ZenHR: Human resource software provider

5.     The Cloud: B2B2C foodtech startup

6.     SiFi: B2B spending management platform

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