The company says the money will support access to private markets across the Middle East and North Africa

Vennre, a wealth creation platform that enables high-earning individuals to access private market opportunities, has closed a pre-Series A funding round, raising $9.6m through a combination of equity and debt.

The round was co-led by Vision Ventures, with participation from Sanabil 500, Ace & Co, Plus VC, and a number of strategic individual investors from the private banking, technology, and entrepreneurship sectors.

The investment reflects growing confidence from regional venture capitalists and strategic backers in Vennre’s goal of making curated private investments more accessible. The platform offers a Shariah-compliant approach that aims to bypass traditional gatekeepers, opening opportunities that were previously limited to institutions and ultra-wealthy investors.

Founded by Ziad Mabsout, Anas Halabi, and Abdulrahman AlMalik, Vennre has also reached two operational milestones: the appointment of Dr Ibrahim AlMojel as chairman of its Saudi board and surpassing $40m in transaction value across the platform. The figures highlight both growing market traction and investor trust.

Ziad Mabsout, CEO and co-founder of Vennre, said:

“A generation of ambitious professionals across the region has earned success but has not been given the tools required to compound it. This funding is not just another round – it is a clear endorsement from leading institutions that a large, long-underserved HENRY segment is ready for a better wealth-building experience. We are building for long-term wealth creation, not one-off transactions – starting with curated and vetted private investment opportunities and expanding into a full wealth journey built on discipline, trust, and alignment. This round allows us to raise the bar for what private wealth platforms in the region should deliver.”

Khalid S. Alghamdi, CEO of anb capital, added:

“We are pleased to co-lead Vennre’s Pre-Series A through the anb seed Fund. Private markets globally already manage more than $14tr in assets, yet individual investors account for less than 5% of that exposure. Vennre directly addresses this imbalance by offering Shariah-compliant access to a segment long excluded from these opportunities. Having already facilitated over USD 40 million in transactions, Vennre is proving that high-income Saudis are ready to engage with private markets at scale – fully aligned with Vision 2030’s mandate to broaden capital markets participation.”

Kais Al-Essa, Founding Partner and CEO of Vision Ventures, said:

“We are glad to co-lead Vennre’s Pre-Series A and excited to support such an amazing founding team. We’re always ready to back founders who use technology to make people’s lives easier and give them access to opportunities that were not available to them before. Vennre enables access to high quality investment opportunities in real estate, private equity, venture capital and private credit. These four asset classes were previously available to a select few. Democratizing such access is one of our investment goals at Vision Ventures as it enables generational wealth creation and empowers everyone to access vetted income generating and high return investments, in line with Saudi Arabia’s financial sector development plan and fintech momentum.”