Riyadh - Sharikat Mubasher: RasMal, the first cap table management and investment governance platform in the MENA region, secured SAR 18 million ($4.8 million) in a pre-series A round led by Syndicate Element Holding Group (SHG) during LEAP 2025.
The company will utilize this investment to introduce new tools and services to streamline fundraising processes and equity transfers, aligning with Vision 2030 to build a technology-driven financial ecosystem, the company announced in a press release today.
The partnership agreement between RasMal and SHG reinforces the Kingdom’s position as a leader in fintech innovation, AI-driven investment governance, and digital financing solutions.
Nasser Al-Tamimi, Co-Founder of RasMal, stated that the investment reflects the company’s commitment to empowering startups and investors with innovative technological solutions that enhance the efficiency of cap table management and investment governance.
“Through our partnership with SHG, we will accelerate the adoption of automation in fundraising and equity transfers, adding significant value to the investment ecosystem in the region,” Al-Tamimi added.
For his part, Mohammed Abdullah, CEO of SHG, commented: “Our investment in RasMal is a significant step toward empowering startups and investors through AI-driven financial governance. By integrating RasMal’s automated cap table management with our investment expertise, we are creating a more transparent and efficient investment ecosystem.”
RasMal platform offers a suite of tools for cap table management, employee stock option plans (ESOP), AI-driven company valuation modeling, cloud-based data rooms, and automated legal documentation, all designed to enhance transparency and operational efficiency.
