- What
- Raised $135M pre-IPO from Sanabil and FJ Labs; not a funder of other startups.
- Who
- Not applicable — a digital holding company, not an applicant-facing fund.
- Cost
- Not applicable — not a startup funder
- Status
- Active
Checked · September 2026 · imena.com · How we check ↗
In detail
iMENA Holding is a digital holdco / benchmark in Saudi Arabia. Operator holding company (Riyadh CJSC after restructuring) behind OpenSooq, SellAnyCar and Jeeny, with Telr and the Rua Growth Fund in its portfolio. Raised a $135M pre-IPO round of private placement and in-kind contributions led by Sanabil. Primarily an operator — no open funding programme, though it backs teams through its ventures and Rua.
- Amount
- $135M pre-IPO round — private placement AND in-kind contributions, led by Sanabil with FJ Labs
- Terms
- N/A — not a startup funder
- Focus
- Internet marketplaces — classifieds, automotive, mobility across MENA
- Status
- Active — pre-IPO
What the source says
“$135M Capital Raise, Comprised of Private Placement and In-Kind Contributions”
imena.com · seen September 2026
Closing soon on the map
Cultural Development Fund (CDF)
Grant · Saudi Arabia
Up to SAR 500,000 non-repayable per project, capped at 20 projects total.
No equity — grant
29 Sep 2026closes
Finspire
Accelerator · Saudi Arabia
SAR 100,000 development funding, earmarked rather than paid as cash.
Equity via SAFE, capped at 5%
4 Oct 2026closes
QSTP Incubation
Accelerator · Qatar
In-kind support: Doha workspace and housing for a four-week Sprint, talent and investor access.
Equity — 1.5% deferred SAFE-style stake
1 Nov 2026closes
More support programmes in Saudi Arabia
Fintech Saudi - Makken
Support · Saudi Arabia
Subsidised cloud and cybersecurity services for early-stage fintechs.
No equity — subsidised services
—
All support programmes in Saudi Arabia → · Across the Gulf →
Sources
Primary source · imena.com · LinkedIn · linkedin.com/company/imena · Checked September 2026