About Erad
Erad is a company based in Riyadh (Saudi Arabia) founded in 2022 by Faris Yaghmour, Youssef Said, and Salem Abu Hammour.. Erad has raised $18.63 million across 5 funding rounds from investors including AlJazira Capital, Y Combinator and Nuwa Capital. Erad operates in a competitive market with competitors including Teamshares, SeedLegals, CrossLend, DealCloud and Finalis, among others.
- Headquarter Riyadh, Saudi Arabia
- Founders Faris Yaghmour, Youssef Said, Salem Abu Hammour
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Sectors
Technology
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Phone
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$18.63 M (USD)
in 5 rounds
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Latest Funding Round
$125 M (USD), Debt – Conventional
Nov 27, 2025
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Investors
AlJazira Capital
& 9 more
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Employee Count
Employee Count
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Funding Insights of Erad
Erad has successfully raised a total of $18.63M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $125 million completed in November 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Debt – Conventional — $125.0M
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First Round
First Round
(01 Jun 2022)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2025 | Amount | Debt – Conventional - Erad | Valuation | Jefferies | |
| Sep, 2025 | Amount | Debt – Conventional - Erad | Valuation |
investors |
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| Apr, 2025 | Amount | Seed - Erad | Valuation | Y Combinator |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Erad
Erad has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include AlJazira Capital, Y Combinator and Nuwa Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Early-stage MENA startups across sectors are invested in.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Erad
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Erad
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Erad Comparisons
Competitors of Erad
Erad operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Teamshares, SeedLegals, CrossLend, DealCloud and Finalis, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Solutions to sell small businesses
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| domain | founded_year | HQ Location |
Deal management software is offered for agreements and investments.
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| domain | founded_year | HQ Location |
Loans are securitized to link originators with institutional investors.
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| domain | founded_year | HQ Location |
Deal-flow management tools are offered for alternative investment firms.
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| domain | founded_year | HQ Location |
Dealmaking platform with compliant workflows and dealmaker network is offered.
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| domain | founded_year | HQ Location |
Cloud-based platform for managing deals, documents, and investors is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Erad
Frequently Asked Questions about Erad
When was Erad founded?
Erad was founded in 2022.
Where is Erad located?
Erad is headquartered in Riyadh, Saudi Arabia.
Who is the current CEO of Erad?
Salem Abu Hammour is the current CEO of Erad. They have also founded this company.
Is Erad a funded company?
Erad is a funded company, having raised a total of $18.63M across 5 funding rounds to date. The company's 1st funding round was a Seed of $16M, raised on Jun 01, 2022.
What does Erad do?
Erad was founded in 2022 in Riyadh, Saudi Arabia, as an online fund management platform targeted at startups and businesses. Analytics from users are integrated to generate funding offers for non-dilutive capital. Access to growth-oriented investments is enabled, alongside flexible repayment structures. Operations focus on the fintech sector, supporting business expansion in the region.
Who are the top competitors of Erad?
Erad's top competitors include SeedLegals, Teamshares and Finalis.
Who are Erad's investors?
Erad has 10 investors. Key investors include AlJazira Capital, Y Combinator, Nuwa Capital, Khwarizmi Ventures, and VentureSouq.