Vennre Closes $9.6M Pre-Series A to Democratize Access to Private Markets
UK-based wealth creation platform Vennre has successfully closed a $9.6 million Pre-Series A funding round, structured through a hybrid equity and debt model. The round was co-led by Vision Ventures and anb seed Fund, with participation from Sanabil 500, Ace & Co, Plus VC, and a group of strategic individual investors from private banking, technology, and entrepreneurship sectors.
Democratizing Access to Private Markets
Vennre enables HENRYs (High Earners, Not Rich Yet) to access curated and vetted private investments across multiple asset classes, including real estate, private equity, venture capital, and private credit, with Shariah-compliant options available. Minimum investments start at approximately $5,000, lowering traditional entry barriers.
Addressing Structural Barriers
Private market investments have historically been constrained by high minimums and complexity. Vennre addresses these challenges by emphasizing disciplined, strategic investing, supported by due diligence, transparency, and a user-centric digital experience, enabling investors to pursue long-term wealth creation.
Leadership and Traction
Founded by Ziad Mabsout, Anas Halabi, and Abdulrahman AlMalik, Vennre recently achieved two major milestones: the appointment of Dr. Ibrahim AlMojel as Chairman of its Saudi board, and surpassing $40 million in transaction volume on its platform.
CEO Ziad Mabsout highlighted that while many professionals achieve financial success, they often lack effective tools to compound it, noting that Vennre is building a comprehensive, trust-based wealth platform.
Investor Confidence and Growth Plans
The strong investor participation reflects confidence in Vennre’s model. Khalid S. Alghamdi, CEO of anb capital, noted that global private markets manage over $14 trillion, while individual investors account for less than 5% of exposure, underscoring Vennre’s role in expanding Shariah-compliant access aligned with Saudi Vision 2030.
Vennre plans to use the capital to expand its client base, launch new platform features, and strengthen its presence in Saudi Arabia.
