Saudi Subscription Platform Zension Secures $30M in Series A Funding

Riyadh-based Zension Technologies has raised $30 million in a Series A funding round, drawing investments from Wa’ed Ventures, a subsidiary of Saudi Aramco, Japan's Sumitomo Corp., and Dubai’s Global Ventures.

Founded in 2018, Zension Technologies specializes in providing warranties, device buy-back services, and subscription-based technology upgrades designed to extend the lifespan of electronic devices. Additionally, the company allows enterprises to lease devices for their teams as needed.

By catering to the largest smartphone market in the region, the company is positioning itself as a key player in Saudi Arabia's tech ecosystem.