Funded Startups in Al Kuwayt
The 16 funded companies in this dataset span June 2020 through May 2025, with Commerce and Shopping the most frequently represented sector — Sakan ($12M Se…
The 16 funded companies in this dataset span June 2020 through May 2025, with Commerce and Shopping the most frequently represented sector — Sakan ($12M Series A, October 2024), Raha ($7M Seed, November 2023), and Teeela ($4M Seed, August 2022) among the notable entries. Financial services adds three more names: Ajar ($8M, June 2020), Enabill ($1M Seed, May 2022), and Ruba (Pre-Seed, October 2022).
The most recent close is Circle's $6M Series A in May 2025, an administrative services company. 2024 was the most active year in this set, with five rounds closing between February and October. COFE App's $10M venture round from April 2021 remains the second-largest disclosed amount. Most companies are headquartered in Kuwait City proper; Bazzar Gate (Sharq Hawalli) and GISSAH (Hawalli) are the two exceptions within the Al Kuwayt governorate.
Most recent rounds
16 shownRelated listings
Frequently asked
What are the largest disclosed funding rounds among these companies?
Sakan leads with a $12M Series A closed in October 2024, followed by COFE App at $10M (Venture round, April 2021) and Ajar at $8M (June 2020). Raha raised $7M at Seed stage in November 2023, and both Circle and JustClean closed $6M rounds — Circle's Series A in May 2025 being the most recent in the dataset.
Which sector has the most funded startups in Al Kuwayt?
Commerce and Shopping accounts for five of the 16 companies — Sakan, Bazzar Gate, Mushtari, Raha, and Teeela. Financial services follows with three entries: Ajar, Enabill, and Ruba.
How many of these companies have reached Series A?
Three companies have disclosed Series A rounds: Circle ($6M, May 2025), Sakan ($12M, October 2024), and Baims ($4M, March 2023). The rest are distributed across Seed, Pre-Seed, and Venture or Series Unknown classifications.
How recent is the funding activity in this set?
The most recent close is Circle's $6M Series A in May 2025. Five rounds were recorded in 2024 alone — Sakan, Bazzar Gate, Waves, Mushtari, and Bookr — making it the highest-volume calendar year in these 16 records.
Are all these companies headquartered in Kuwait City proper?
Fourteen of the 16 list Kuwait City as their base. Bazzar Gate is located in Sharq Hawalli and GISSAH in Hawalli — both sub-districts within the Al Kuwayt governorate rather than the central city address.
How many rounds have undisclosed amounts, and which companies are they?
Four companies — Waves, Bookr, GISSAH, and Ruba — have undisclosed round sizes. Among the 12 with disclosed figures, amounts range from $200K (Mushtari's Seed round in February 2024) up to $12M (Sakan's Series A in October 2024).
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