Tarjama secures $5m in Series A funding led by Anova

Nour Alhassan
Updated 18 March 2019

Tarjama secures $5m in Series A funding led by Anova

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.

Ras Al-Khaimah to host Mideast’s first ‘business Oscars’

Updated 16 September 2019

Ras Al-Khaimah to host Mideast’s first ‘business Oscars’

The Stevie Awards, known widely as the “business Oscars,” has reached an agreement for a strategic partnership with Ras Al-Khaimah Chamber of Commerce and Industry (RAK Chamber) for the first annual Middle East Stevie Awards to be held in Ras Al-Khaimah in February 2020.
The Middle East Stevie Awards will recognize innovation in the workplace from across 17 MENA countries and the awards program and gala prize-giving ceremony will be held in Ras Al-Khaimah for the first three years and at least every other year thereafter. The announcement was accompanied by a call from Stevie Awards for entries for the inaugural edition.
“Hosting the inaugural edition of the Middle East Stevie Awards here in Ras Al-Khaimah is a significant accomplishment, and another noteworthy milestone to add to the emirate’s successful track record, continuing on the same path of progress that has been taking place across all sectors, in line with the directives of our wise leadership,” said Mohamed Ali Al-Nuaimi, chairman of RAK Chamber.
“I was extremely gratified when the RAK Chamber approached us about partnering with them on a new Stevie Awards program for the Middle East and North Africa,” said Michael Gallagher, founder and executive chairman of the Stevie Awards. “We have recognized the achievements of executives, entrepreneurs, and organizations across the region for many years in our other programs. The time is right for the region to have its own Stevie’s program. We are excited to launch the Middle East Stevie Awards, and look forward to the first gathering of Stevie Award winners in the program in Ras Al-Khaimah in February.”