Riyadh - Sharikat Mubasher: IDRAJ, a Saudi-based company building AI solutions to empower pre-IPO companies through their listing journeys, announced the successful closure of its SAR 2.25 million pre-Seed round during LEAP 2026, led by ASAP Legal Tech.

IDRAJ will use the investment to develop its tech products and infrastructure, enhance AI capabilities, attract talent, and expand the scope of solutions provided to companies and consultants, the company stated in a recent press release.

The funding marks a significant step in IDRAJ’s mission to expand its presence and transform the pre-IPO journey into a seamless experience that relies more on technology, data, and AI.

The round also underscores ASAP Legal Tech’s commitment to building a Saudi legal tech ecosystem by developing its internal products and investing in specialized tech companies.

IDRAJ targets companies seeking to list on the Saudi Stock Exchange (Tadawul) and the Saudi Parallel Market (Nomu), as well as consultants and entities within the listing and offering ecosystems. Its mission is to build a technology infrastructure that enhances companies’ readiness and accelerates pre-IPO procedures.

Founded by Kholoud Al Saleh, IDRAJ aims to reshape companies’ journey to prepare for listing and IPO through a tech platform that deploys AI to evaluate readiness, analyze requirements, manage documents and data, and transform complicated procedures into a clearer, more efficient digital journey.

LEAP2026 took place in Riyadh from 31 August to 3 September under the theme “Into New Worlds,” bringing together thousands of companies, startups, investors, and technology experts. It attracted more than 1,000 global speakers and experts, 1,800 technology companies, 600 startups, and 1,900 investors and venture capital representatives.