Riyadh - Sharikat Mubasher: Jisr, the Saudi human resources platform, secured SAR 112 million in a Series A funding round led by Merak Capital, the prominent investment company, the platform revealed in a press release.

The investments will be allocated to support Jisr in establishing an advanced technology system for human resources, as well as developing its products.

Abdullah Altamami, the Partner and CEO at Merak Capital, described the round as the largest Series A round for software-as-a-service (SAAS) companies in the Middle East.

Meanwhile, the CEO and Founder of Jisr, Mohammed Akkar, affirmed that the platform helps enterprises to manage their key asset through supporting their digital transformation

Akkar stated that Jisr provided support to more than 3,000 enterprises to manage their human capital.

Furthermore, the CEO added that the round will enable Jisr to create more products that help enterprises to develop their business.

Founded in 2016, Jisr is a cloud-based platform to manage human resources, providing a wide range of services for its clients. It serves more than 3,000 customers and covers around 16 sectors through its offices in Riyadh and Hadramaut.

Merak Capital is licensed by the Saudi Capital Market Authority (CMA), and focuses on information technology companies across multiple industries.