Sadq, the Saudi-based digital signature and document authentication platform, has successfully closed a $1 million pre-Series A extension round. The investment was led by the prominent Saudi venture capital firm Impact46, adding to the $1.5 million pre-Series A round Sadq raised last April.
Fueling Regional Expansion and Product Development
The new capital injection is earmarked to accelerate Sadq’s growth trajectory across several key areas. The company plans to enhance its product development, strengthen security and compliance protocols, and scale its go-to-market strategy to expand its footprint within Saudi Arabia and the broader MENA region. The partnership with Impact46 is also expected to unlock commercial and operational synergies with the VC’s extensive portfolio of companies focused on digital infrastructure and enterprise software.
Investor Conviction in a Foundational Technology
Impact46’s investment highlights a strong belief in both Sadq’s founding team and its critical role in the Kingdom’s evolving digital landscape. Basmah Alsinaidi of Impact46 commented on the decision, stating, “Our conviction in Sadq starts with our conviction in the founders: a deep understanding of the problem, disciplined execution, and an explicit focus on customer value. We see the company building a foundational layer of the Kingdom’s digital infrastructure through trusted e-signature and identity-verification solutions with high standards of security and compliance.”
Building a Sovereign Digital Trust Solution
Sadq’s mission is deeply rooted in addressing a local need for a secure and compliant digital trust framework. Abdullah Allahuo, Co-Founder & CEO of Sadq, emphasized this vision: “From day one, we believed that Saudi Arabia deserves a robust digital trust infrastructure. Not as a nice-to-have, but as a sovereign necessity.” He added that the investment from Impact46 signals that the market is ready for sovereign digital solutions and that backing local founders is a logical path to creating substantial value in the ecosystem.
Salem Albadawi, Co-Founder and CTO, further noted that the investment marks a pivotal leap toward reshaping the future of digital trust in the region through reliable products designed for local market needs with global competitiveness.
About Sadq
Founded in 2022 by Abdullah Allahuo and Salem Al-Badawi, Sadq provides a comprehensive digital signature and document authentication platform. The company is dedicated to building a foundational pillar of digital trust within Saudi Arabia, offering solutions that are rooted in local regulations while adhering to global standards of security, compliance, and usability.
Source: Wamda
