Vennre, a wealth creation platform enabling HENRYs (High Earners, Not RichYet) to access private market opportunities, today announced the successful close of its Pre-Series A funding round, raising USD 9.6 million through a hybridequity and debt structure.
The round was co-led by Vision Ventures and anb seed Fund, with participation from Sanabil 500, Ace & Co, Plus VC, and strategic individual investors from the private banking, technology and entrepreneurship ecosystems.
This investment reflects growing confidence from leading regional VCs andstrategic backers in Vennre’s mission to democratize access to curated private investments for high income retail investors. By bypassing traditional gatekeepers, Vennre offers a transparent, Shariah-compliant solution previously available only to institutions and ultra-wealthy participants.
Founded by Ziad Mabsout, Anas Halabi and Abdulrahman AlMalik, Vennre hasalso reached two operational milestones: the appointment of Dr. IbrahimAlMojel as Chairman of its Saudi board and surpassing USD 40 million in transaction value across its platform – clear evidence of growing market traction and investor trust.
Ziad Mabsout, CEO and Co-Founder of Vennre, said:
“A generation of ambitious professionals across the region has earned successbut has not been given the tools required to compound it. This funding is notjust another round — it is a clear endorsement from leading institutions that alarge, long-underserved HENRY segment is ready for a better wealth-buildingexperience. We are building for long-term wealth creation, not one-offtransactions — starting with curated and vetted private investmentopportunities and expanding into a full wealth journey built on discipline,trust, and alignment. This round allows us to raise the bar for what privatewealth platforms in the region should deliver.”
Khalid S. Alghamdi, CEO of anb capital, added:“We are pleased to co-lead Vennre’s Pre-Series A through the anb seed Fund.Private markets globally already manage more than USD 14 trillion in assets, yetindividual investors account for less than 5% of that exposure. Vennre directly addresses this imbalance by offering Shariah-compliant access to a segment long excluded from these opportunities. Having already facilitated over USD 40million in transactions, Vennre is proving that high-income Saudis are ready toengage with private markets at scale — fully aligned with Vision 2030’s mandate to broaden capital markets participation.”
Kais Al-Essa, Founding Partner and CEO of Vision Ventures, said:
“We are glad to co-lead Vennre’s Pre-Series A and excited to support such anamazing founding team. We’re always ready to back founders who usetechnology to make people’s lives easier and give them access to opportunitiesthat were not available to them before. Vennre enables access to high qualityinvestment opportunities in real estate, private equity, venture capital andprivate credit. These four asset classes were previously available to a select few.Democratizing such access is one of our investment goals at Vision Ventures as itenables generational wealth creation and empowers everyone to access vettedincome generating and high return investments, in line with Saudi Arabia’sfinancial sector development plan and fintech momentum.”
Looking ahead, Vennre plans to deploy this capital to grow its client network,launch new platform features, and deepen its Saudi presence in line withongoing financial sector liberalization and fintech momentum.
