UAE's ClearGrid Emerges From Stealth With $10M Across Pre-Seed and Seed Rounds
UAE-based ClearGrid has come out of stealth having closed a $10 million dual round, split between a $3.5 million pre-seed and a $6.5 million seed. Raed Ventures, Beco Capital and Nuwa Capital co-led the rounds. ClearGrid operates an AI-powered debt-collections platform for
ClearGrid provides an AI-powered collections platform that automates the recovery process for lenders, from borrower engagement through to negotiations. The pre-seed was co-led by Raed Ventures and Beco Capital, while the seed was co-led by Nuwa Capital and Raed Ventures.
Additional investors included Aramco's Waed Ventures, KBW Ventures, Sharaka, 9yards Capital, Protagonist, BYLD, Eirad Holdings, Endeavor Catalyst and Wamda Capital, alongside angel investors. Founded in 2023 by Khalid Bin Bader Al Saud, Mohammad Al Zaben and Mohammad Al Khalili, the company is based in the UAE.