TLDR:
- RasMal, a Saudi-based platform, acquires Pentugram, a regional SaaS platform simplifying investment processes for VC, PE, and angel investors.
- The acquisition marks RasMal’s commitment to empowering the entrepreneurial ecosystem and streamlining fundraising and investment procedures.
RasMal, a platform based in Saudi Arabia specializing in equity management tools, announced its acquisition of Pentugram. Pentugram is a regional cloud-based SaaS platform that simplifies investment processes for venture capital, private equity, angel investors, and financial advisors. The acquisition represents a significant milestone in RasMal’s mission to bolster the entrepreneurial ecosystem and streamline fundraising and investment processes.
Pentugram’s clients will now have access to RasMal’s suite of services, while RasMal will leverage Pentugram’s platform to equip investors and fund managers with comprehensive solutions for deal sourcing, portfolio management, reporting, and more. Nasser Al-Tamimi, RasMal’s co-founder and COO, expressed the shared vision of RasMal and Pentugram in providing solutions to foster a transparent investment environment in the region. Hasan J. Zainal, co-founder of Pentugram, sees the acquisition broadening the platform’s accessibility to a wider array of asset managers beyond venture capitalists, leading to enhanced returns for all users.
