Link Social Network Raises $1.6M in Seed Round

Saudi’s Link Social Network has raised $1.6 million in a seed round by Core Vision and the angel investor, Badr AlArjani.

Why it Matters? Link is a Saudi startup with an Arabian identity. It offers text, video, and voice messages and instant in-app translation.

Founded by Abdullah AlOthman in 2020.
The startup said it has nearly a million registered users in 16 countries.
It is working to enter new markets by deploying food delivery, e-commerce and payment services to its app in 2024 and 2025.

Wa’ed Ventures Allocates $100M to Invest in AI

Wa’ed Ventures, an Aramco-owned VC fund, has allocated $100 million to invest...

Startup: FinTech. Founding date: 2020. Country: Egypt. Investors: Ayady for Investment and...

Saudi Arabia was ranked first, as the top venture capital funded...