Riyadh-based Stitch, which develops software for banks and financial services companies, raised a $25M Series A led by a16z, its first investment in the Gulf (Aisha S Gani/Bloomberg)

<a href="https://www.bloomberg.com/news/articles/2026-05-14/andreessen-horowitz-backs-saudi-startup-in-first-gulf-investment"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260514/i4.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260514/p4#a260514p4" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Aisha S Gani / <a href="https://www.bloomberg.com/">Bloomberg</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.bloomberg.com/news/articles/2026-05-14/andreessen-horowitz-backs-saudi-startup-in-first-gulf-investment">Riyadh-based Stitch, which develops software for banks and financial services companies, raised a $25M Series A led by a16z, its first investment in the Gulf</a></b></span>&nbsp; &mdash;&nbsp; Andreessen Horowitz is making its first investment in the Gulf with a fundraise for a Saudi startup, as investors continue to sign deals despite the US-Israel war on Iran.</p>