COFE Tech Raises Funding at $178M Valuation

COFE Tech, headquartered in Riyadh, Saudi Arabia, is an operator of agentic AI enterprises and a provider of intelligent procurement and AI-powered commerce infrastructure. The company has announced the close of a pre-IPO funding round that values the firm at $178 million.

Investors

The round was co-led by Wa'ed Ventures, the venture capital arm of Aramco, and Aditum Investment Management. They were joined by additional investors Masarrah Investment Company and Alyasra Foods.

COFE Tech Use of Funds

The company plans to use the new capital to support its transition from a consumer marketplace into a comprehensive enterprise AI and B2B SaaS platform. Funds will be directed toward scaling its Agentic Procurement and Agentic Commerce engines, which provide autonomous AI-driven solutions for demand forecasting, supply chain logistics, and e-commerce management, further cementing its position as an enterprise infrastructure provider in the Middle East.

About COFE Tech

Founded in 2018 by Ali Al-Ebrahim, COFE Tech provides a unified intelligent enterprise platform that connects disparate business operations such as procurement, sales, and inventory. By deploying autonomous AI agents, the platform helps businesses automate critical tasks and optimize operations across sectors including retail, hospitality, and finance.

Funding Details

Company Website: https://cofeapp.com

Company: COFE Tech
Raised: $178M
Round: Pre-IPO
Funding Date: September 2, 2026
Lead Investor: Wa'ed Ventures, Aditum Investment Management
Additional Investors: Masarrah Investment Company, Alyasra Foods
Software Category: Enterprise AI and B2B SaaS
Source: https://www.prnewswire.com/news-releases/cofe-tech-secures-pre-ipo-investment-at-178-million-valuation-led-by-aramcos-waed-ventures-aditum-masarrah-and-alyasra-ahead-of-saudi-ipo-302867792.html