Signit Raises $15M Series A to Power AI-Driven Contract Management in Saudi Arabia

Mustafa Eid, Riyadh, Saudi Arabia — April 20, 2026:

Signit, a Saudi Technology company providing digital signatures and AI-powered contract management, today announced it has raised $15 million in Series A funding to expand its platform across Saudi Arabia. The company is licensed as a Trust Service Provider by the Saudi Digital Government Authority.

The round was led by Raed Ventures, with participation from STV, Seedra Ventures, Takamol Ventures, and Suhail Ventures.

Founded in 2021, Signit is the platform organizations use to create, sign, and manage agreements digitally — from legally binding digital signatures to full contract lifecycle management. The company serves over 700 customers across government, financial services, healthcare, and enterprise sectors in Saudi Arabia.

With Series A funding, Signit is expanding beyond e-signature into AI-powered Contract Lifecycle Management (CLM) — giving organizations the ability to draft, negotiate, track, and manage contracts in one secure enterprise-grade platform, using AI.

We started with digital signatures because that’s where the market was. But signing is just one step in a contract’s life. What comes before and after the signature is where organizations lose the most time and money, said Mohamed El Abbouri, Co-Founder and CEO of Signit. This funding lets us build the full picture: a single platform where a contract is created, negotiated, approved, signed, and managed — all compliant, all built for how business actually works here.

The funding will be used to expand Signit’s contract management platform with AI-powered drafting, negotiation, and compliance capabilities, build an intelligent contract assistant that gives employees one place to find and act on contract information, and strengthen the certificate infrastructure that makes every digital signature legally binding.

“Signit has already built a strong e-signature business, serving more than 700 customers across government and enterprise”, said Omar Almajdouie, Founding Partner at Raed Ventures. “We led this round because we believe Signit can define the next phase of this market. AI-powered contract management is a much bigger opportunity, and the company has the speed, focus, and team to lead it.”

“We believe AI will fundamentally reshape how contracts are created, negotiated, and managed,” said Dr. Mazin Alzaidi, General Partner at STV.

“Signit is applying AI at the right layer, not as a feature but as a core part of the product, which positions them well to lead the next generation of contract management platforms.”

Signit extends its sincere appreciation to the Digital Government Authority for its pivotal role in enabling the adoption of digital trust services across the Kingdom. DGA has been a key foundation in Signit’s journey, supporting the secure and scalable use of digital signatures across government and enterprise sectors, and reinforcing trust in digital transactions.

Signit also expresses its appreciation to the Ministry of Communications and Information Technology for its continued efforts in advancing the Kingdom’s digital economy and fostering a strong innovation ecosystem, particularly as Saudi Arabia marks 2026 as the Year of AI.

With this funding, Signit is positioned to become the default contract platform for enterprise and government in Saudi Arabia.

Signit is a Saudi AI-first company licensed by the Digital Government Authority. Signit delivers secure, compliant digital trust solutions — including digital signatures and AI-powered contract management — enabling organizations to work faster and more securely in full alignment with Saudi regulations.

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