Saudi startup Sadq has raised USD 1.46 million (SAR 5.50 million) in a pre-Series A funding round led by X by Unifonic Fund, with participation from several investors. The funding aims to enhance Sadq’s technology, attract talent, and expand its secure digital signature solutions.
Founded in 2022 by Abdullah Allahuo and Salem Al-Badawi, Sadq provides legally recognized e-signatures and workflow authentication solutions, catering to the growing demand for digital trust in Saudi Arabia. The funding will be used to strengthen its technology infrastructure, scale services, and enhance security protocols to meet global standards.
Ayman Hamdan, Founding Partner of X by Unifonic Fund, expressed his support for Sadq, stating, “Through this funding round, we are proud to support Sadq’s journey as it scales its service offerings, strengthens its market presence, and innovates across the digital trust space.”
Abdullah Allahuo, Co-Founder and CEO of Sadq, noted, “This investment comes at a pivotal time as Saudi Arabia witnesses a transformative shift in the digital trust landscape.” The startup plans to use the investment to grow its presence in the Kingdom’s rapidly expanding authentication sector and solidify its position as a major provider of secure digital signature solutions.
