Signit, a Saudi Arabia–based technology company providing digital signatures and AI-powered contract management, has raised $15 million in Series A funding.
Investors
The round was led by Raed Ventures, with participation from STV, Seedra Ventures, Takamol Ventures, and Suhail Ventures.
Raed Ventures is a venture capital firm focused on early-stage investments across the Middle East and North Africa (MENA) region. Headquartered in Riyadh, Saudi Arabia, the firm is sector-agnostic but has a strong presence in fintech, logistics, and B2B SaaS. Beyond capital, the firm provides operational support through its Raed Plus program, helping founders scale by leveraging a deep network of corporate partnerships and market access across the GCC.
Signit Use of Funds
The company will use funding to enhance AI capabilities in contract lifecycle management (CLM), including drafting, negotiation, and compliance automation, as well as to strengthen digital trust infrastructure.
About Signit
Founded in 2021 by Mohamed El Abbouri, Signit is a technology company offering digital signature and AI-powered contract lifecycle management (CLM) solutions for enterprises and government entities. The platform enables organizations to create, sign, and manage contracts within a unified, secure environment. Licensed as a Trust Service Provider by the Saudi Digital Government Authority, Signit supports legally binding digital transactions while expanding into AI-driven contract automation. Its platform integrates drafting, negotiation, approval, and tracking workflows, helping organizations reduce inefficiencies and improve compliance across the contract lifecycle.
Funding Details
Company: Signit
Raised: $15M
Round: Series A
Funding Date: April 2026
Lead Investor: Raed Ventures
Additional Investors: STV, Seedra Ventures, Takamol Ventures, Suhail Ventures
Company Website: https://signit.sa/
Software Category: AI Contract Management / LegalTech
Source: https://www.wamda.com/2026/04/signit-raises-15-million-series-a-led-raed-ventures/