Vennre, a wealth creation platform focused on providing high-income retail investors access to private market opportunities, has raised $9.6 million in a Pre-Series A funding round structured as a hybrid of equity and debt.
The round was co-led by Vision Ventures and the anb seed Fund, with participation from Sanabil 500, Ace & Co, Plus VC, and strategic individual investors from the private banking, technology and entrepreneurship ecosystems.
The company positions itself as a platform for HENRYs (High Earners, Not Rich Yet), offering curated access to private investments that have traditionally been available only to institutions and ultra-wealthy investors. Vennre operates a Shariah-compliant investment model and targets high-income retail investors across the region.
Vennre was founded by Ziad Mabsout, Anas Halabi and Abdulrahman AlMalik. The company also announced two operational milestones alongside the funding round: the appointment of Dr. Ibrahim AlMojel as Chairman of its Saudi board, and surpassing $40 million in transaction value across its platform.
Ziad Mabsout, CEO and co-founder of Vennre, said the round signals institutional validation of the company’s long-term strategy:
“A generation of ambitious professionals across the region has earned success but has not been given the tools required to compound it. This funding is not just another round — it is a clear endorsement from leading institutions that a large, long-underserved HENRY segment is ready for a better wealth-building experience. We are building for long-term wealth creation, not one-off transactions — starting with curated and vetted private investment opportunities and expanding into a full wealth journey built on discipline, trust, and alignment. This round allows us to raise the bar for what private wealth platforms in the region should deliver.”
Khalid S. Alghamdi, CEO of anb capital, said the investment aligns with broader efforts to expand retail participation in private markets:
“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, yet individual 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 40 million in transactions, Vennre is proving that high-income Saudis are ready to engage 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 the firm views Vennre as part of a broader push to democratise access to alternative asset classes:
“We are glad to co-lead Vennre’s Pre-Series A and excited to support such an amazing founding team. We’re always ready to back founders who use technology to make people’s lives easier and give them access to opportunities that were not available to them before. Vennre enables access to high quality investment opportunities in real estate, private equity, venture capital and private 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 it enables generational wealth creation and empowers everyone to access vetted income generating and high return investments, in line with Saudi Arabia’s financial sector development plan and fintech momentum.”
The company said it will use the capital to expand its client base, introduce new platform features, and strengthen its operations in Saudi Arabia, aligning its growth strategy with ongoing financial sector reforms and fintech development in the Kingdom.
