Wa’ed Ventures leads Zension Technologies’ $30 million Series A round
Saudi Arabia’s Zension Technologies has secured $30 million in a Series A funding round led by Wa’ed Ventures, with contributions from Japan’s Sumitomo Corporation and Global Ventures. Founded in 2018, Zension specializes in protection, warranty, and buyback services for mobile devices in Saudi Arabia and the UAE. The funding will support the launch of “Zaam,” a subscription service offering flexible tech ownership, promoting a circular economy and reducing e-waste. This investment aligns with Saudi Arabia’s sustainability goals and aims to reshape consumer behavior in personal technology ownership.