Saudi Jisr closes a $30mln investment round by Merak Capital
Summary
The deal was done by Merak Capital, a leading investment firm focused on technology opportunities across multiple stages and industries.This investment underscores the investors high level of confidence in Jisrs growth and its commitment to advancing modern HR technology, expanding its product offerings, and supporting organizations in optimizing their human capital.Jisr, founded in 2016, stands as the first Saudi human resources management platform, supporting over 3,000 clients with 350,000 registered employees. Our main goal is to make it simpler for organizations to recruit, develop their workforce, ensure wage protection, and beyond.Jisr has positioned itself in a rapidly changing world as a trusted partner for leading companies in the Kingdom aspiring to digitize human resources. They aim to evolve the concept from merely a workforce management system to a modern technical platform that seeks to bring about a revolutionary change in human resources operations.Merak is built on deep technology research and understanding, staying at the forefront of digital trends and finding investment opportunities that are aligned with adoption cycles from different sectors, locally, regionally, and globally. The firm aims to partner with the builders of tomorrow in leading technological transformations, unlocking new markets and opportunities for growth, where innovation, fueled by the entrepreneurial spirit, shapes our future. With a profound commitment to innovation and local adaptability, Jisr has consistently redefined industry standards, ensuring organizations can effectively harness the power of technology to optimize HR operations.