Tarjama, a language service provider in the Middle East, has successfully raised $5 million in a Series A funding round led by Saudi-based Anova Investments.
This strategic investment round will enable Tarjama pursue growth opportunities and scale its business operations. It will also allow the company to further boost its technology platforms, with a focus on Arabic content and translation services. This includes Ureed, the region’s first and only dedicated online marketplace focusing on translation and content services.
“We are very excited about the possibilities this funding round brings to Tarjama encompassing core service offerings and technology platforms. The strategic partnership with Anova will further strengthen Tarjama’s ability to expand and support its offerings in all markets, especially in the Saudi market,” said Nour Alhassan, CEO of Tarjama.
Nouf Aljeraiwi, executive director of Anova Investments, said: “Tarjama took the translation industry from a traditional business model to a highly advanced technologically driven platform featuring accuracy, speed and flexibility, all key ingredients in today’s business environment. As Tarjama strengthens its presence in the Saudi market, Anova Investments will support this important phase to accelerate Tarjama’s growth.”
Founded in 2008, Tarjama has a presence in eight countries and, since its founding, has translated over 500 million words. Tarjama’s portfolio offers translation services in over 150 languages, including Asian, African and European language pairs. The company employs over 130 full-time translation specialists and experts at its offices in the UAE, Saudi Arabia, Jordan, Egypt, Lebanon and the US. Since its inception 11 years ago, Tarjama has established numerous partnerships and long-term relationships with public and private sector stakeholders, both regionally and globally.
Anova Investments is a Saudi investment company with focus on the tech industry in Dubai, Saudi Arabia and the US. Anova is also engaged in developing several public and private sector projects in the Kingdom. Its headquarters are located in Riyadh.
Anova Investments adds several value-added resources to Tarjama and brings access to the Saudi market, enabling Tarjama accelerate resource allocation to emerge as one of the leading forces for language services in the Kingdom.