Fundz

Jadwa leads a USD 50 million funding round in PetroApp, Saudi Arabia’s fuel management platform, aimed at expanding its operations and service offerings.

PRIVATEJun 30, 2025

Amount Raised

$50 Million

Round Type

Funding Round

OlayaOil And GasTransportationAutomotiveLogisticsFleet Management

Investors

Bunat VenturesJadwa Investment

Description

Jadwa Investment has led a USD 50 million investment round in PetroApp, with participation from Bunat Ventures. PetroApp provides digital fuel payment and fleet management solutions, managing over 500,000 vehicles for corporate clients. The funding supports its expansion and access to additional services. This marks Jadwa's fifth investment under its recent private equity fund.

Quick answer

PetroApp raised $50 Million in a Funding Round round, dated June 30, 2025. Investors: Bunat Ventures and Jadwa Investment. PetroApp is based in Olaya, Riyadh, Saudi Arabia.

How much did PetroApp raise?
PetroApp raised $50 Million in a Funding Round round on June 30, 2025.
Who invested in PetroApp?
Bunat Ventures and Jadwa Investment are named as investors in this round.
What does PetroApp do?
PetroApp is Saudi Arabia’s first independent provider of digital fuel payment and fleet management solutions.
Where is PetroApp based and how big is it?
PetroApp is based in Olaya, Riyadh, Saudi Arabia. Fundz records about 199 employees.
Who are the decision-makers at PetroApp?
Fundz holds 1 contact at PetroApp. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Oil And Gas and Transportation around the same time

Companies in the same sectors as PetroApp that raised within 45 days of this round, from Fundz verified event records.

  • Fyn Mobility raised $2.5M (Seed) on May 17, 2025.
  • Nevoya raised $9.3M (Funding Round) on July 22, 2025.
  • GoodShip raised $25M (Series B) on August 12, 2025.
  • ILine raised $500K (Pre-Seed) on July 31, 2025.
  • EVeez raised $5.4M (Series A) on July 24, 2025.
  • Empery Digital Inc. raised $500M (Post-IPO Equity) on July 21, 2025.

Who to call at PetroApp, and when

A new round usually means PetroApp is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day PetroApp raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at PetroApp, from your own LinkedIn network

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Company Information

Company

PetroApp

Location

Olaya, Riyadh, Saudi Arabia

About

PetroApp is Saudi Arabia’s first independent provider of digital fuel payment and fleet management solutions. Founded in 2018, it is transforming vehicle operations by eliminating cash transactions, reducing fraud, and improving cost control for corporate and government fleets. The platform also provides access to ancillary services such as car washes, oil changes, and tire replacements. Today, PetroApp manages over 500,000 vehicles for 10,000+ corporate clients across several countries.

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PetroApp raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.