Our Portfolio
We build great companies by connecting world-class founders with capital and the perfect talent
Since 2021, we’ve launched Lamaa, a Saudi fintech that’s reshaping the B2B supply chain, and quick-commerce delivery business Ninja.
Now we’re working on exciting new ventures in the clean energy, robotics, and semiconductors space.
If you’re an ambitious founder looking to take your business to the next level in the Middle East, then Founders Syndicate wants to hear from you.
Ninja
- Founders Syndicate identified the quick-commerce food delivery business model and recruited Gorillas co-founder, Canberk Donmez.
- US firm Ground Up Ventures invested in a USD $30m seed round at a pre-money cap of $150m.
- The start-up launched in Riyadh in 2022 and soon expanded across all of Saudi Arabia.
- Hani Abdelhadi serves as CFO to oversee fundraising and plays an active role in operations.
- After 6 months, Ninja reached 25 stores, 3,000 SKUs, and was live on iOS and Android
- The business is on course for $400M in revenues and profitability within 3 years
Lamaa
- Lamaa is a simplified supply chain solution founded by a former Barclays director.
- It launched an early invoice payment product for SMEs in partnership with Alinma Bank.
- Expansion plans will see it launch in the UAE and Egypt.
- An investor marketplace and buy-now-pay-later product launched Q4 2022.
- Lamaa raised $5.5M in seed round led by Raed Ventures & Saudi Aramco