Riyadh—Dentons have advised Ninja, the quick delivery firm based in Saudi Arabia, on its recent US$254 million investment round led by Riyad Capital. This significant fundraise, valuing the company at around US$1.5 billion, marks the company’s emergence as the kingdom’s newest tech unicorn and underscores Saudi Arabia’s growing prominence as a regional venture capital hub.
The successful investment round positions Ninja strongly, further contributing to the development of the region’s dynamic technology and start-up ecosystem.
Ziad Saad, Managing Partner of Dentons’ Saudi Arabia office, commented: “We are proud to have supported Ninja through this landmark transaction, which not only highlights the strength of Saudi Arabia’s innovation ecosystem but also reflects growing investor confidence in homegrown tech champions. This milestone deal is a testament to Ninja’s vision and ambition, and we are excited to continue supporting them in their growth.”
The Dentons team advising Ninja was led by partner Ziad Saad, with support from senior associate Mohamad Al Rifai, and associates Abdulaziz Almoussa and Dima Chehade.
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