“We Got Funded!” Saudi Tech Startup Signit Raises US$15 Million Series A Led By Raed Ventures to Scale AI-Powered Contract Management
The funding will support its next growth phase as it expands beyond e-signatures into AI-powered contract lifecycle management, including tools for drafting, negotiation, tracking, and compliance
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Signit, a Saudi Arabia-based digital signature startup, has raised US$15 million in Series A funding to build an AI-powered contract management platform and expand across the Kingdom.
The round was led by Saudi venture capital firm Raed Ventures, with participation from the following Saudi-based investors: STV, Seedra Ventures, Takamol Ventures, and Suhail Ventures.
Founded in 2021, Signit provides digital signatures and contract lifecycle management services across government, financial services, healthcare and enterprise sectors.
According to Mohamed El Abbouri, CEO and co-founder of Signit, the company’s evolution into full contract lifecycle management was driven by a deeper realization that e-signatures were only addressing one small part of a much larger operational gap.
“While organizations were digitizing many workflows, contracts remained fragmented across emails, PDFs, and manual processes. Through working with 700+ customers, we saw that signing is just one moment in a contract’s lifecycle. The real inefficiencies happen before and after, across drafting, negotiation, approvals, and tracking obligations,” El Abbouri explained. “The turning point came from that insight, combined with advances in AI that made it possible to build a unified contract management layer across agreements. Expanding into AI-powered contract lifecycle management was a natural step to solve the full problem end to end.”
Signit said the funding will support its next growth phase as it expands beyond e-signatures into AI-powered contract lifecycle management, including tools for drafting, negotiation, tracking, and compliance. The company is also planning to develop an AI contract assistant and strengthen its digital signature infrastructure.
“A key focus is building an intelligent contract assistant powered by coordinated AI agents that can read, understand, and act across agreements end to end. This includes drafting clauses, flagging risks, surfacing obligations, and supporting faster decision making within a single interface,” El Abbouri said. “We are also investing in expanding product, engineering, and go-to-market teams to support growing demand across enterprise and government sectors.”
He noted that Signit will continue strengthening its compliance capabilities as a licensed Trust Service Provider in Saudi Arabia, ensuring that its platform remains legally binding and aligned with local regulatory standards as it scales.
“The Kingdom is undergoing rapid digital transformation, yet contract management remains a critical bottleneck, often handled through manual processes or email. This creates a clear need for solutions that bring visibility, control, and speed to agreements,” El Abbouri shares. “At the same time, Saudi Arabia has strong regulatory frameworks around digital trust.”
“As a licensed Trust Service Provider by the Digital Government Authority, compliance is built into how we operate, not added later. This allows us to move quickly with confidence, especially when working with government and enterprise clients. We are building from the ground up for this market, in an environment that demands both innovation and trust at scale,” he added.
Signit, a Saudi Arabia-based digital signature startup, has raised US$15 million in Series A funding to build an AI-powered contract management platform and expand across the Kingdom.
The round was led by Saudi venture capital firm Raed Ventures, with participation from the following Saudi-based investors: STV, Seedra Ventures, Takamol Ventures, and Suhail Ventures.
Founded in 2021, Signit provides digital signatures and contract lifecycle management services across government, financial services, healthcare and enterprise sectors.
