FlyAkeed Raises $25.2M Growth Capital

FlyAkeed, a corporate travel platform based in Riyadh, Saudi Arabia, has secured $25.15 million in growth funding. The capital was raised through a combination of an equity round and Shariah-compliant debt financing to support the company's expansion into deferred-payment products.

Investors

The equity round was led by Sanabil Investments, with participation from Artal Capital, Tali Ventures (stc Group), and Aljazira Capital. The sukuk financing was led by Artal Capital.

FlyAkeed Use of Funds

FlyAkeed plans to use the new capital to launch and scale its Travel Now, Pay Later deferred-payment product, which allows corporate clients to manage travel expenses through consolidated invoicing. Additionally, the company intends to invest in its existing AI and analytics software products and accelerate its expansion across Saudi Arabia and the GCC region.

About FlyAkeed

Founded in 2015 by Bassam Almohammadi, FlyAkeed is a Riyadh-based corporate travel management platform. The company provides a unified system for booking flights, hotels, and ground transportation, while enabling organizations to enforce travel policies, automate approval workflows, and monitor expenditure.

Funding Details

Company Website: https://flyakeed.com

Company: FlyAkeed
Raised: $25.2M
Round: Growth Capital
Funding Date: September 3, 2026
Lead Investor: Sanabil Investments
Additional Investors: Artal Capital, Tali Ventures, Aljazira Capital
Software Category: Corporate Travel Management
Source: https://www.fwdstart.me/p/flyakeed-raises-25-2m-across-sanabil-led-equity-round-and-artal-sukuk