Saudi digital signatures and contract management platform Signit has closed a $15 million Series A round led by Raed Ventures, with participation from STV, Seedra Ventures, Takamol Ventures, and Suhail Ventures.
Founded in 2021 by chief executive Mohamed El Abbouri, Signit serves over 700 customers across government, financial services, healthcare, and enterprise sectors. Licensed as a Trust Service Provider by the Saudi Digital Government Authority, the company is now expanding beyond e-signatures into AI-powered contract lifecycle management — enabling organisations to draft, negotiate, track, and manage agreements within a single compliant platform.
El Abbouri argued that signing represents only one moment in a contract’s life, and that the greatest inefficiencies lie in what comes before and after. The funding will support AI-driven drafting and negotiation tools, an intelligent contract assistant, and strengthened digital certificate infrastructure.
Raed Ventures founding partner Omar Almajdouie described AI-powered contract management as a significantly larger opportunity than e-signatures alone, citing Signit’s speed and focus as key differentiators.
Featured image: Credit: Signit
