The Daily Raise/September 28, 2026
Funding round
erad raises $22 million Series A round
erad (Saudi Arabia) has raised $22 million in a Series A round, announced on September 28, 2026. The company is Provides Shariah-compliant working-capital financing to SMEs. The round was led by MEVP, with participation from 500 Global, Saudi Venture Capital (SVC), S60 Ventures, ANB Capital, Conjunction Capital, Araya Ventures, Khwarizmi Ventures, Nuwa Capital, Aljazira Capital, Oraseya Capital, Joa Capital.
erad raised a Series A to develop financing products, expand across the GCC and grow its technology and commercial teams.
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This deal appeared in The Daily Raise, September 28, 2026. Get the next edition in your inbox.
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