RasMal, a cap table management and investment governance platform in the MENA region, has closed its Pre-Series A funding round, securing US$4.8 million (18 million SAR).
The investment was led by Syndicate Element Holding Group (SHG), an investment firm, and was finalised during LEAP 2025 in Riyadh.
The funding will support RasMal’s expansion, introducing tools and services aimed at streamlining fundraising processes and equity transfers.
RasMal provides digital solutions for private companies to automate cap table management, fundraising, and equity transfers.
It also supports investors and private funds in managing investment opportunities and investor relations.
The platform offers tools for cap table management, employee stock option plans (ESOP), AI-driven company valuation modelling, cloud-based data rooms, and automated legal documentation.
Pentugram, a subsidiary of RasMal, provides deal flow management and investor reporting tools for venture capital funds, angel investors, incubators, and accelerators, contributing to greater transparency in the investment ecosystem.
RasMal is part of the Saudi Unicorns Programme, launched by the Misk Foundation, the Ministry of Communications and Information Technology, and the National Technology Development Programme, reinforcing its role in developing an efficient investment environment.
Mohammed Abdullah, CEO of SHG, said:
“Our investment in RasMal is a significant step toward empowering startups and investors through AI-driven financial governance. By integrating RasMal’s automated cap table management with our investment expertise, we are creating a more transparent and efficient investment ecosystem.”
Nasser Al-Tamimi, Co-Founder of RasMal, stated:
“Through our partnership with SHG, we will accelerate the adoption of automation in fundraising and equity transfers, adding significant value to the investment ecosystem in the region.”
The agreement was signed at LEAP Riyadh 2025, reinforcing Saudi Arabia’s role in fintech innovation and digital financing solutions.
Featured image credit: edited from RasMal
