Aljazira Bank closes AT1 issuance, Pickappo raises SAR 2 mn
Summary
Pickappo closed a SAR 2 million pre-seed round led by an angel investor and an investment fund. The Saudi logistics tech startup will use the capital to improve its product, build AI and automation systems, hire talent, and expand partnerships. Pickappo connects stores, restaurants, and online retailers with delivery and logistics providers through a unified platform. The company says it already works with more than 300 logistics companies and 50 delivery apps and handles over 100,000 daily orders. The article also notes Aljazira Bank’s AT1 issuance, but the software-relevant item is Pickappo’s funding round.
Funding
Amount
$1.5B
Total raised
Date
June 18, 2026
Announcement date
Investors
-
Lead investors
Company
-
Funded company
Classifications
industries
No industries detected
applications
No applications detected
AskAI Classifications
Labels
SaaS
Logistics Software
API Management
Linked Companies
Pickappo
$1M to $5M