- Sadq, a company specialized in digital signature solutions, succeeded in raising 5.5 million SAR in a round led by X by Unifonic.
- The funding round included participation from several strategic investors, among them Unifonic.
- The funding supports electronic signature services and strengthens the position of the Kingdom of Saudi Arabia in digital activities.
Sadq, a company specialized in digital signature solutions and workflow documentation, has closed a Pre-Series A investment round valued at 5.5 million SAR.
The round was led by X by Unifonic, with participation from several investors, in addition to a strategic investment from Unifonic.
Supporting the digital documentation sector in the Kingdom
This funding represents an important step towards strengthening Sadq’s position in the growing digital documentation sector in the Kingdom.
It comes amid the rapid transformation the Saudi market is witnessing in areas of digital trust and electronic signatures.
Salem Al-Badawi, co-founder and CTO of Sadiq, explained:
“The funding will contribute to enhancing the company’s technical infrastructure and expanding the platform’s capabilities quickly and efficiently to meet increasing demand.”
He pointed out that Sadq is working on integrating advanced technologies, including auto-scaling systems, in addition to high-level security protocols.
About Sadq
Sadq was founded in 2022 by Abdullah Al-Lahou and Salem Al-Badawi, and since its launch, it has managed to establish itself as a prominent player in the Kingdom’s digital transformation scene.
In 2023, the company obtained a Digital Trust Services license from the Digital Government Authority (DGA), which strengthened its platform’s legal credibility and opened the door for wider use in both the public and private sectors.
