Saudi event technology startup INVE raises 300000 dollars in pre seed funding

Saudi Arabia based event technology company INVE has raised 300,000 dollars in pre-seed funding from venture capital firm Outliers Venture Capital, Techeconomy reported. The startup provides personalised invitations and event management tools designed for both individual consumers and corporate clients. [1]

According to Techeconomy, INVE plans to use the capital injection to expand the reach of its business platform, which was launched in August 2026. The company also intends to scale its consumer product, which has already been tested with wedding events, to accommodate a wider variety of social occasions. [1]

The platform targets operational inefficiencies in event hosting. Techeconomy reported that guest information for corporate hosts is frequently fragmented across spreadsheets, email inboxes, and messaging platforms such as WhatsApp, leading to data loss between events. [1]

Seed money represents the initial financial backing a new venture receives to support early operations before it generates independent cash flow or secures larger funding rounds, according to Wikipedia. Investors typically provide this early stage capital in exchange for an equity stake or a convertible note. [5]