RasMal Acquires UAE's Pentugram SaaS Platform 

Pentugram, co-founded by Hasan J. Zainal (also the founder & managing partner of Arzan VC) and Miled Elias, is a regional cloud-based SaaS platform designed to streamline the investment process for VC, PE, and angel investors, as well as financial advisors. With a focus on simplifying deal flow and portfolio management, Pentugram boasts a client base including VCs from across the MENA region.

RasMal, founded by Basil Alkuraya, Nasser Al-Tamimi, and Salem Aljawini in Riyadh in 2019, has played a pivotal role in Saudi Arabia's entrepreneurial landscape. As the pioneering cap table management platform in the Kingdom, RasMal has earned the trust of thousands of local and regional partners.

The acquisition of Pentugram represents a significant stride in RasMal's mission to empower the entrepreneurial ecosystem and streamline fundraising and investment processes. Pentugram's clientele will now benefit from access to RasMal's comprehensive services, while RasMal will leverage Pentugram's expertise to provide investors and fund managers with feature-rich solutions for deal flow management, portfolio management, reporting, and more.

Commenting on the acquisition, Nasser Al-Tamimi, RasMal’s co-founder & COO, emphasized, "At RasMal, we are committed to the shared vision of both entities—to offer solutions that foster a more transparent investment environment in the region. This acquisition signals RasMal's expansion beyond private companies, addressing the growing need for simplified tech solutions in the market."

Hasan J. Zainal, Co-founder of Pentugram, remarked, "Since 2018, Pentugram has served VCs in the region, with Arzan VC utilizing our platform. Our vision was simple: to consolidate data and enhance decision-making throughout the investment process. With RasMal's acquisition, I am confident that further platform development will extend its accessibility to a broader range of asset managers, resulting in improved returns for all users."

This acquisition underscores RasMal's commitment to innovation and its dedication to providing cutting-edge solutions to the investment community in the MENA region.