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Latham Advises erad in US$16 Million Pre-Series A Fundraising

May 1, 2025

Middle East team represents Saudi Arabia-based fintech in latest funding round.

Latham & Watkins has advised erad, the Riyadh-headquartered alternative financing platform for SMEs, on its US$16 million Pre-Series A financing round.

The additional funds will accelerate its growth and expand its operations in Saudi Arabia and beyond.

The round included participation from YCombinator, Nuwa Capital, Khwarizmi Ventures, Aljazira Capital, VentureSouq, Oraseya Capital, and Joa Capital.

The Latham team was led by Dubai partners Eyad Latif and Omar Maayeh, with associates Mustafa Darwich and Stephanie Dang.

Endnotes

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Latham Advises erad in US$16 Million Pre-Series A Fundraising

Endnotes

Contacts

Eyad F. Latif

Omar B. Maayeh