TLDR:
- RasMal acquires Pentugram for undisclosed sum
- The acquisition allows RasMal to expand into private capital management in the Middle East and North Africa
RasMal, a Saudi equity management platform, has acquired Pentugram, a cloud-based software as a service (SaaS) tool that automates investment processes, to reinforce its commitment to supporting the entrepreneurial ecosystem. Pentugram, founded in 2018, streamlines investment processes for venture capital, angel investors, private equity, and financial advisors. The acquisition allows RasMal to provide investors and fund managers with rich solutions for portfolio management and deal sourcing, while Pentugram users gain access to RasMal’s services. Through this move, RasMal aims to offer private capital investment management solutions and enhance efficiency and transparency in the MENA investment landscape.
