Q1 2026 was a strong quarter for the TriplA portfolio. Across our three active investments, we saw combined revenue growth of 34% quarter-on-quarter — ahead of our internal projections and a testament to the quality of founders we back.
NaqlTech closed its pre-seed round and immediately began deploying capital. The team grew from 5 to 8 people and signed two new enterprise logistics clients in Riyadh. The AI routing engine is now live in production and processing over 2,000 deliveries per day.
Sehhaty announced partnerships with three hospital groups in Jeddah, dramatically expanding its clinical network. Monthly consultations are up 3x since we invested, and the team is now preparing to expand into Riyadh and Dammam.
Manara AI closed its Series A at SAR 7.5M and is now the most well-capitalized Arabic-first AI company in the region. The product is live with paying enterprise customers and the team is scaling rapidly.
Challenges we faced: Regulatory timelines for some portfolio companies were longer than expected. We worked closely with the MISA (Ministry of Investment of Saudi Arabia) to help NaqlTech and Sehhaty navigate their licensing processes. This is still an area where we can improve our support.
What's next: We are in active due diligence on two new investments and plan to announce our Cohort 4 call for applications in Q2. If you're building in AgTech, HealthTech, or AI for the Arab world, we want to hear from you.