# Rua Growth Fund

> Rua Growth Fund is a VC fund in Riyadh backing Financial Services and SaaS. See 16 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Riyadh, Saudi Arabia
- Total investments: 16
- Last investment: Mar 2026
- Lead investor: 25%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/rua-growth-fund/
- X (Twitter): https://twitter.com/rua_vc
- Website: http://www.rua.vc/

Rua Growth Fund is a venture capital firm that aims to lead the next wave of tech ventures. It was born out of a unique strategic partnership between Osool & Bakheet Investment Company and iMENA Group, two pioneers in their respective sectors to lead the next wave of innovative tech ventures in Saudi Arabia.It was founded in 2020 and is basedin Riyadh, Saudi Arabia.

## Contacts

5 contacts available for Rua Growth Fund. Shizune tracks 2 team members at Rua Growth Fund. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/rua-growth-fund?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $2.3M–$15M |
| Series A | $6M–$22M |
| Series B | $6M–$30M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Financial Services | 4 | 25% |
| SaaS | 3 | 19% |
| FinTech | 3 | 19% |
| Apps | 2 | 13% |
| Software | 2 | 13% |

34 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 6 | 38% |
| Series A | 5 | 31% |
| Series B | 2 | 13% |
| Convertible Note | 1 | 6% |
| Venture - Series Unknown | 1 | 6% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Saudi Arabia | 8 | 50% |
| United Arab Emirates | 3 | 19% |
| Bahrain | 1 | 6% |
| United States | 1 | 6% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Anas Elayyan | Partner | 0 | https://shizune.co/investors/profile/anas-elayyan |
| Turk Aljoaib | Managing Partner and Co-Founder | 8 | https://shizune.co/investors/profile/turk-aljoaib |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Helix Earth Technologies | Helix Earth Technologies revolutionizes liquid-gas chemistry to disrupt and decarbonize the built environment and heavy industries. With many incentives and tax credits available, the Helix products may cost $0 out-of-pocket making our devices an easy and obvious addition to rooftop HVAC systems. | $12M | Seed | Mar 26, 2026 |  |
| Safqah Capital | Safqah Capital is an innovative fintech and proptech company headquartered in Riyadh. We specialize in structuring and distributing Sharia-compliant Sukuk for small and medium-sized real estate developers. Safqah's digital investment platform enables secure participation from both retail and institutional investors, backed by rigorous duediligence, transparency, and smart governance. Safqah operates at the intersection of technology, finance, and real estate, positioning itself as a key enabler of Vision 2030’s housing and development goals. | $15.2M | Seed | Feb 09, 2026 |  |
| Simplified Financial Solutions Company | Simplified Financial Solutions Company offers startups and SMEs financial management solutions including the ability to issue virtual and physical corporate cards, manage spending and automate expense reporting. | $20M | Series A | Feb 09, 2026 |  |
| Bonat | Bonat is a customer engagement solution that provides advanced tools to help in managing businesses. | $6M | Series A | Nov 03, 2025 |  |
| Holo | Holo is the first web-based Digital mortgage advice and application platform in the UAE. The Holo platform selects an optimum mortgage product for a customer based on their personal requirements.The application can be done quickly and simply, 24/7. Apply, upload documents, track online. All from any connected deviceParticipated on theWamda X cohort for 2020 and now busy pushing ahead in revolutionizing how the UAE applies for Home Loans.Hit over AED1Bil in loan GMV per month | $22M | Series A | Aug 25, 2025 |  |
| Lucidya | Lucidya is an Enterprise B2B SaaS company that was founded in 2016 with a headquarter in Riyadh, Saudi Arabia. In a few years, the company managed to scale its customers base from Saudi to more than 6 countries including leading brands in different industries like Telecoms, BFSI, Automotive, FMCG, Retail, and othersThanks to its unique andproprietary AI & Arabic NLP technologies, Lucidya provides the most accurate analysis of interactions in the Arabic language making Lucidya the #1 tool in its category by users rating in MENA | $30M | Series B | Jul 14, 2025 |  |
| Ula.me | ULA provides equal chances, cutting-edge instruction, and easily accessible, excellent learning possibilities to empower Arab children. Using cutting-edge technology and customized material to refine the knowledge, abilities, and attitudes of Arab learners, ULA helps to create an Arab generation that is competent, capable, and empowered. | $28M | Series B | Feb 12, 2025 |  |
| Ejari | Ejari is providing a Rent Now, Pay Later (RNPL) solution for residential rentals, Rent Now, Pay Later products enable tenants to better manage their budgets by converting rent from a yearly expense to a monthly expense, while landlords receive an entire year's rent in advance. | $14.6M | Seed | Oct 09, 2024 |  |
| Intelmatix | Intelmatix is a deep-tech AI company with a wide range of capabilities that address sector challenges by providing tailored solutions and unique products. | $20M | Series A | Jul 31, 2024 |  |
| Simplified Financial Solutions Company | Simplified Financial Solutions Company offers startups and SMEs financial management solutions including the ability to issue virtual and physical corporate cards, manage spending and automate expense reporting. | $10M | Seed | May 30, 2024 |  |

10 of 16 investments shown.

## Co-investors
- [ANB Capital](https://shizune.co/investors/profile/anb-capital-df83) — VC Fund, 7 deals together
- [Impact46](https://shizune.co/investors/profile/impact46) — VC Fund, 4 deals together
- [500 Global](https://shizune.co/investors/profile/500-startups) — VC Fund, 3 deals together
- [Sanabil](https://shizune.co/investors/profile/sanabil) — VC Fund, 3 deals together
- [SEEDRA Ventures](https://shizune.co/investors/profile/seedra) — VC Fund, 3 deals together
- [BECO Capital](https://shizune.co/investors/profile/beco-capital) — VC Fund, 2 deals together

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## FAQ

### What does Rua Growth Fund invest in?

Rua Growth Fund invests primarily in Financial Services, SaaS and FinTech startups, most often at Seed and Series A stage. Most of the 16 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 Rua Growth Fund's check size?

Rua Growth Fund typically joins rounds of $2.3M–$15M at Seed, $6M–$22M at Series A and $6M–$30M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Rua Growth Fund participates in.

### How do I contact Rua Growth Fund?

Public channels for Rua Growth Fund 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 Rua Growth Fund?

The team at Rua Growth Fund includes Anas Elayyan (Partner) and Turk Aljoaib (Managing Partner and Co-Founder). 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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