Saudi Arabia’s RasMal acquires Pentugram

Saudi Arabia’s RasMal acquires Pentugram

Saudi Arabia-based equity management platform RasMal has acquired UAE’s Pentugram to expand its offering into private capital investment management solutions, for an undisclosed value.

Founded in 2018 by Hasan J. Zainal and Miled Elias, Pentugram is a regional cloud-based SaaS platform that simplifies the investment process for VC, PE, and angel investors, with a portfolio includes VCs from around the Mena region. Meanwhile, RasMal, co-founded by Basil Alkuraya, Nasser Al-Tamimi and Salem Aljawini in 2019, automates cap table management, facilitates fundraising and enhances governance through a dynamic data room.

Through the acquisition, Pentugram’s clientele will gain access to RasMal’s services, while RasMal will leverage the platform to enable investors and fund managers with feature-rich solutions.

The announcement was made during the third edition of LEAP 2024 in Riyadh.

Press release:

RasMal, a leading Saudi-based platform for equity management tools, announced today that it had acquired Pentugram to expand its offering into private capital investment management solutions. This is RasMal’s inaugural acquisition.

Pentugram was established in 2018, and it was co-founded by Hasan J. Zainal (who’s also Arzan VC’s founder & managing partner) and Miled Elias. It is a regional cloud-based SaaS platform that simplifies the investment process for VC, PE, and angel investors, as well as