THE MIDDLE EAST’S
1. Haitham Al-Foraih; Abdullah Almunif
Company: SEEDRA Ventures
Designation: Cofounder & Managing Partner; Cofounder & Partner
Nationality: Saudis
Headquarters: Saudi Arabia
Established: 2020
SEEDRA Ventures has investments in more than 25 startups, including Sabbar, Lendo, Tamara, SiFi, and ZenHR. In June 2024, SEEDRA Ventures participated in a seed funding round of $10 million in SiFi. In November 2024, Jada Fund of Funds announced its commitment to SEEDRA Ventures Fund II to invest in early-stage companies across different sectors in Saudi Arabia. Before cofounding SEEDRA, Al-Foraih was a principal at Amwal AlKhaleej, a Riyadh-based Private Equity firm. Almunif has founded several businesses, including Anoosh, 9Round Fitness, and Southwind Telecom, which was acquired by stc.