Riyadh - Sharikat Mubasher: Chatberry, a software as a service (SaaS) startup, secured SAR 1 million in a pre-seed funding round led by Iwan Ventures, a Riyadh-based venture builder that specializes in fintech, artificial intelligence (AI), SaaS, and e-commerce, supporting startups that drive technological innovation in the region.

In a statement, Chatberry revealed that the investment will enable it to transform the way businesses in the Middle East and North Africa (MENA) connect, engage, and grow through AI-powered, compliance-first WhatsApp automation, providing them with advanced customer engagement tools.

Ali Karout, Founder of Chatberry, said: "SMEs and enterprises struggle with compliance and technical hurdles. Our platform eliminates these barriers, turning every conversation into a growth opportunity.”

Meanwhile, Lewa Abukhait, CEO of Iwan Ventures, commented: “Chatberry’s blend of compliance and Al-driven efficiency addresses a crucial gap in MENA’s SaaS landscape. Their early traction in e-commerce and retail, key drivers of Saudi Arabia’s Vision 2030, underscores their growth potential.”

This partnership reflects Iwan Ventures’ commitment to investing in high-impact, tech-driven startups that align with Saudi Arabia’s economic diversification goals.