Saudi Arabia’s Velents raises Seed round

Saudi Arabia’s Velents raises Seed round

Saudi Arabia-based HRtech Velents, has closed a Seed round for an undisclosed amount, led by A15 with participation from Nibras Capital, AUC Venture Lab, and some local investors.

Founded in 2020 by Mohamed Gaber and Abdulaziz Almuhaydib, Velents is an AI recruiter that can filter candidates' CVs, interview them, and assess their language, skills, and coding capabilities.

The new round will propel Velents’ plans to expand in Saudi Arabia and work closely with ministries and government entities.

Press release:

Velents is thrilled to announce the closing of its seed investment round. A15 leads this oversubscribed first round with participation from Nibras Capital, AUC Venture Lab, and some local investors from the Middle East.

Velents is an AI recruiter that can filter candidates' CVs, interview them, and assess their language, skills, and coding capabilities, which sum up a total saving of up to 80% of your hiring cost and increase by 400% the number of interviews per year. This automation comes with an applicant tracking system and APIs that support hiring platforms to become AI-powered. 

“Closing our seed round to expand in Saudi Arabia to work closely with the ministries and government to match The Kingdom's Vision 2030 goals - amidst a challenging macroeconomic climate is not