Sanabil Investments Co-Leads $110m Round for B2B Commerce Group SILQ
PIF-owned Sanabil Investments jointly led a $110m round with Valar Ventures for SILQ Group, the B2B commerce platform formed by merging Saudi Arabia's Sary with Bangladesh's ShopUp.
Added to the index agbi.comsecondary
Aggregated
Sanabil Investments, part of Saudi Arabia's Public Investment Fund, co-led a $110m funding round for SILQ Group alongside Valar Ventures. SILQ was created through the merger of ShopUp, a Bangladeshi B2B commerce platform, and Sary, a Saudi-headquartered B2B marketplace.
The deal deepens Sanabil's exposure to regional B2B commerce as SILQ builds a cross-border platform spanning the Gulf and South Asia. Sanabil has been among the most active backers of Saudi and MENA growth-stage technology companies.