erad raises $22M series a

◆ Amount

$22M

◆ Announced

28 Sept 2026

◆ Company

◆ Source

◆ The Round

erad raised $22M in series a funding, announced on 28 September 2026, led by Middle East Venture Partners (MEVP), with participation from SVC, 500 Global, S60 Ventures, ANB Capital, Conjunction Capital, Araya Ventures, Khwarizmi Ventures, Nuwa Capital, Aljazira Capital, Oraseya Capital, Joa Capital. The round is tracked live by Fusion42 as part of the Raise fund database and the Scout startup database.

◆ About erad

Saudi alternative financing platform providing Shariah-compliant working capital solutions to small and medium enterprises across the GCC. erad is based in Saudi Arabia and currently at series a stage, operating in Fintech.

◆ Investors

◆ Investing funds on Raise

• Khwarizmi Ventures

◆ Market context

Khwarizmi Ventures is profiled on Raise, Fusion42's database of venture funds — where each investor's thesis, cheque size and other tracked backings can be followed. This funding event is a citable node in Fusion42's market graph: it links erad's Scout profile to the funds behind the round and to related Wire analysis, and is refreshed from public announcements as the round is confirmed or extended. It is the same live market data Arthur reasons over when benchmarking a founder's own raise against what is closing in the market right now.

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