Think raises $8 million in pre-seed funding for GCC expansion

Think, a Saudi Arabia-based technology company, secured $8 million in pre-seed funding on Wednesday, 15 July to finance its operational expansion across the GCC. The investment round was led by Al-Faisaliah Group and included participation from a group of regional angel investors. The capital injection represents one of the largest pre-seed rounds in the MENA region this year. Think, which focuses on providing integrated business solutions through its proprietary platforms, will use the funds to establish its presence in the UAE and Kuwait by the end of 2026. The company currently operates primarily within Saudi Arabia, serving a growing portfolio of corporate clients. Expansion into Riyadh and Dubai According to the funding announcement, Think plans to allocate a significant portion of the $8 million to research and development. The firm aims to enhance its product suite, which assists regional small and medium-sized enterprises (SMEs) in digitizing their backend operations. This expansion comes as venture capital interest in Saudi start-ups remains resilient despite global market fluctuations. A spokesperson for the lead investor, Al-Faisaliah Group, stated that the investment…