Riyadh, Saudi Arabia – Sadq, a leading Saudi company specializing in digital signature solutions and workflow documentation, has successfully closed a Pre-Series A funding round, raising SAR 5.5 million.
The round was led by X by Unifonic, with additional participation from a group of investors and a strategic investment from Unifonic. This infusion of capital is a critical boost for Sadq, enhancing its position within the rapidly growing digital documentation sector in Saudi Arabia at a time when the market is undergoing significant transformation in digital trust and e-signatures.
Founded in 2022 by Abdullah Allahuo and Salem Albadawi, Sadq has emerged as a key player in Saudi Arabia’s digital transformation landscape. In 2023, the company obtained a Digital Trust Services license from the Government Digital Authority (DGA), further solidifying its legal credibility and expanding its adoption across both public and private sectors.
Salem AlBadawi, Co-Founder and Chief Technology Officer of Sadq, commented, “This funding will enable us to further enhance our technological infrastructure and rapidly expand our platform capabilities to meet the growing demand in the market. We are integrating advanced technologies, such as auto-scaling systems and world-class security protocols, to deliver robust and reliable digital signature solutions.”
This strategic investment will support Sadq’s continued growth and innovation in digital documentation, paving the way for increased adoption of secure and efficient digital trust services across Saudi Arabia.
