Built here · Saudi Arabia
INVE, a Saudi event platform, says it raised USD 300k in pre-seed funding
Founder Abdulrahman Alabdulkarim says Outliers Venture Capital invested USD 300k. EnterpriseAM reported it on 24 October 2026. The article says the investor had used INVE for its own events.
The funding
INVE has raised USD 300k in pre-seed funding from Outliers Venture Capital, according to founder and CEO Abdulrahman Alabdulkarim. EnterpriseAM reported the announcement on 24 October 2026.1
Pre-seed is the first outside money a startup takes, before its seed round. Deals at this stage are typically done with convertible notes or SAFEs, because setting a valuation so early is difficult. A SAFE sets no share price at signing and converts into shares at a later priced round. In one recent quarter (Q2 2026), 93 percent of pre-seed rounds used a SAFE, according to CRV. INVE has not said which structure it used.2,3
Alabdulkarim declined to disclose INVE's valuation or the stake Outliers acquired.1
From a family job to a product
Alabdulkarim says the company began in late 2023, when his sister paid him SAR 500 (USD 133) to build a system for sending personalized wedding invitations over WhatsApp. He says he was studying computer science and taught himself the build from YouTube tutorials. Another source, ArabFounders, dates the first version to 2024.1,4
INVE now offers digital invitations, RSVP management, guest registration and digital entry passes.5
The corporate platform and the investor
In August 2026, INVE launched a subscription platform for companies that run multiple events a year. It includes tools to manage guest databases, track attendance and segment contacts. WAYA describes it as aimed at companies that use events to engage clients, partners and other stakeholders.1,6
According to EnterpriseAM, Outliers used INVE to run its own events before investing, which made it the company's first corporate customer.1
Usage figures and plans
According to the EnterpriseAM article, the platform has supported more than 250 events across 60-plus cities in Saudi Arabia and the Gulf. WAYA reports that INVE has sent over 35,000 invitations with an 88% RSVP response rate. The article also says customer data is encrypted and hosted in Saudi Arabia.1,6
INVE plans to use the funds to hire, develop software and attract customers on its consumer and corporate platforms. The CEO says he is not seeking another round for now. Dealroom lists plans to expand across Saudi Arabia and the wider GCC.1,7
What could not be verified
- Whether the USD 300k has been received, or whether Outliers has confirmed the investment: the funding is the founder's announcement.
- INVE's valuation and the size of Outliers' stake: the founder declined to disclose them.
- The 250+ events and 60+ cities: figures that come from the company.
- The 35,000 invitations and 88% RSVP response rate: usage figures reported by WAYA, not independently checked.
- The origin story, including the SAR 500 payment and the self-taught build: the founder's own account.
Sources