# Business Innovation Mine (BIM)

> Business Innovation Mine (BIM) is a VC fund backing Apps. See 14 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Riyadh, Saudi Arabia
- Total investments: 14
- Last investment: Mar 2026
- Lead investor: 36%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/35667779/admin/
- X (Twitter): https://twitter.com/bim_ventures
- Website: https://bimsaudi.com

Business Innovation Mine (BIM) is a VC fund in Riyadh focused on Apps and Financial Services. We build successful and sustainable enterprises from the ground up by capitalizing on our expertise, resources and network.We carefully select, validate and launch bold ideas that are then turned into full-fledged spun-off businesses. While every successful venture is different, there is one thing, that connects all of them – right timing.Timeis the key and the most important resource for every enterprise. That’s why we designed our own venture building process that allows fast delivery. We use our own expertise and vast network of resources to create business plans, develop the products, launch them on the market, and grow them. - Generate our own VenturesWe build startups that solve problems through an inhouse continuous, dynamic and selective ideation process. We secure financing to make sure our ventures can grow without barriers.- Build Ventures With PartnersWith our robust ecosystem we partner up with external entrepreneurs and other companies that have amazing ideas we can help them develop into successful and sustainable businesses.

## Contacts

5 contacts available for Business Innovation Mine (BIM). Shizune tracks 2 team members at Business Innovation Mine (BIM). Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/business-innovation-mine-bim?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $850k–$7.5M |
| Pre-Seed | $1.3M–$1.6M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Apps | 4 | 29% |
| Financial Services | 4 | 29% |
| FinTech | 2 | 14% |
| Finance | 2 | 14% |
| B2B | 1 | 7% |

35 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 12 | 86% |
| Pre-Seed | 2 | 14% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Saudi Arabia | 12 | 86% |
| Singapore | 1 | 7% |
| United Arab Emirates | 1 | 7% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Mohamed Amine Merah | Managing Partner, Founder | 3 | https://shizune.co/investors/profile/mohamed-amine-merah |
| Rayan Alsharif | Partner | 1 | https://shizune.co/investors/profile/rayan-alsharif |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Muhlah | Muhlah is a Saudi fintech company.The company provides microfinancing focused on credit discipline, transparency, compliance, and financial inclusion across Saudi Arabia. Its products emphasize responsible lending with sustainable repayment terms, targeting underserved segments without physical branches. | $7.5M | Seed | Mar 10, 2026 |  |
| Darent | Darent is a technology start-up that provides a daily local living experience and real estate property management aims to link local and foreign tourists with local residents by providing daily rental options strives to be the destination and guide for backpackers, travelers who are looking for a journey through which they will live and experiencethe daily lives of the locals. |  | Seed | Sep 18, 2024 |  |
| iStoria | iStoria, a specialized EdTech app that helps people improve their English language through reading interesting stories | $1.3M | Seed | Jan 28, 2024 |  |
| Takadao | Takadao provides Shariah-compliant insurance alternatives. It operates on blockchain and offers products like Takaturn and Takasure. | $1.6M | Pre-Seed | Oct 19, 2023 |  |
| Thrivve | Thrivve is a B2B logistics and last-mile delivery services provider. |  | Seed | Feb 09, 2023 |  |
| Siolla. | Siolla. develops an online platform that offers micro-investing from spare changes. It allows users to manage and budget their finances. Siolla. is based in Dubai, United Arab Emirates. |  | Seed | Jan 01, 2023 |  |
| AtarCloud | AtarCloud is a mobile app featuring financial management, leasing, service management, HOA and user management, and marketing. In addition to providing a multi-platform, multi-interface system, the company assists all stakeholders in an intuitive manner by providing a multi-platform, multi-interface system that caters to the needs of allstakeholders involved in the property sector. | $1.3M | Seed | Dec 26, 2022 |  |
| Conix.ai | CONIX.AI is an AI platform (SaaS) created to offer fully complete solutions for the architectural designing of residential and commercial properties. The cloud-based SaaS platform is accessible from anywhere worldwide and can provide detailed 2D plans, 3D plans, Facades, working drawings (electricity & water), utility data, sustainabilityadvice and more for construction planning.By accessing CONIX.AI, real estate companies will have at their fingertips in few minutes different iterations of architectural designs for their new construction projects previously impossible to attain without significant investments into architectural firms and wouldn't be delivered in less than 4-6 weeks. This level of visualisation will allow companies a time-conscious suite of tools that can allow them to build faster, build smarter, build greener!https://youtu.be/bskgguh3U-A | $1.3M | Pre-Seed | Nov 17, 2022 |  |
| Tygo | Tygo is the telecommunications services and marketing platform. | $1.8M | Seed | Mar 31, 2022 |  |
| Sanad Cash | Sanad Cash is a pay mobile app that helps employees relieve financial stress by getting them instant access to their salaries between paychecks. | $1.6M | Seed | Jan 26, 2022 |  |

10 of 14 investments shown.

## Co-investors
- [Core Vision Investments](https://shizune.co/investors/profile/core-vision-investments) — VC Fund, 2 deals together
- [AlSuhaimi Group Holding](https://shizune.co/investors/profile/alsuhaimi-group-holding) — VC Fund, 1 deal together
- [Classera](https://shizune.co/investors/profile/classera) — VC Fund, 1 deal together
- [Derayah Venture Capital](https://shizune.co/investors/profile/derayah-venture-capital) — VC Fund, 1 deal together
- [Draper Associates](https://shizune.co/investors/profile/draper-associates-2) — VC Fund, 1 deal together
- [Fakhr Investment Holding Company](https://shizune.co/investors/profile/fakhr-investment-holding-company) — VC Fund, 1 deal together

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## FAQ

### What does Business Innovation Mine (BIM) invest in?

Business Innovation Mine (BIM) invests primarily in Apps, Financial Services and FinTech startups, most often at Seed and Pre-Seed stage. Most of the 14 investments tracked by Shizune back companies in Saudi Arabia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Business Innovation Mine (BIM)'s check size?

Business Innovation Mine (BIM) typically joins rounds of $850k–$7.5M at Seed and $1.3M–$1.6M at Pre-Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Business Innovation Mine (BIM) participates in.

### How do I contact Business Innovation Mine (BIM)?

Public channels for Business Innovation Mine (BIM) include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Business Innovation Mine (BIM)?

The team at Business Innovation Mine (BIM) includes Mohamed Amine Merah (Managing Partner, Founder) and Rayan Alsharif (Partner). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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