Riyadh – Sharikat Mubasher: A new angel investment network, Madinah Angels, has been launched through a partnership between Value Makers Studio (VMS), the Madinah Chamber of Commerce, and Numu Angels.
The initiative aims to connect startup founders with angel investors ready to support high-potential ventures that drive real economic growth, according to a recent press release.
Madinah Angels seeks to create fresh business opportunities in Madinah by providing early-stage entrepreneurs with the resources needed to turn their ideas into viable businesses. The initiative is positioned as a game-changer for investment and business growth in the region.
The network offers more than capital—it provides strategic partnerships, mentorship, and essential support to help startups compete and lead in an evolving market.
Motaz Abuonq, Founder of Value Makers Studio (VMS), captured the significance of the launch for the region’s startup scene: "This is more than just a network—it’s a starting point for real change in Al Madinah. There’s incredible potential here, and this initiative is about creating space for that potential to grow. It’s about connecting ideas with the people who can help bring them to life."
Fahad Almansour, Founder of Numu Angels, reflected on the power of backing startups early in their journey: "At Numu Angels, our vision is to build a thriving ecosystem where angel investors and startups grow together. This network is more than just funding; it's about providing strategic guidance, access to valuable networks, and the mentorship that founders need to navigate the early, often challenging stages of their journey. By connecting entrepreneurs with experienced investors, we're creating a platform where innovative ideas can transform into impactful businesses that contribute to the economic growth of Al Madinah and beyond."
Ghassan Bin Reda Khalifa, Secretary General of Al Madinah Chamber, shared his excitement about how this initiative will impact local entrepreneurs: "With the support of Al Madinah Chamber, this network marks a significant milestone for Al Madinah. It’s dedicated to empowering entrepreneurs by providing access to essential resources—whether it’s funding, mentorship, or meaningful connections that can help drive their business growth."
As part of the launch, select startups pitched their ideas to potential investors, presenting bold and innovative solutions to real-world challenges where all of which demonstrated the creativity and determination shaping Madinah’s entrepreneurial ecosystem.
With this initiative, Madinah Angels is set to become a key driver of startup success, fostering a new wave of investment and innovation in the region.
