Signit Raises $15M Series A to Scale AI Contract Management

Saudi startup Signit closes a $15M Series A led by Raed Ventures to expand AI-powered contract lifecycle management across government and enterprise sectors.

Saudi digital signatures and contract management platform Signit has successfully closed a $15 million Series A funding round. The round was led by Raed Ventures, with participation from STV, Seedra Ventures, Takamol Ventures, and Suhail Ventures.

As a result, the Riyadh-based startup is now positioned to significantly accelerate its expansion across Saudi Arabia’s government, enterprise, financial services, and healthcare sectors.

Founded in 2021, Signit provides digital signatures and contract lifecycle management services. The company’s evolution into full contract lifecycle management was driven by a deeper realization e-signatures were only addressing one small part of a much larger operational gap. While organizations were digitizing many workflows, contracts remained fragmented across emails, PDFs, and manual processes.

Consequently, rather than remaining a point solution, Signit is now building a comprehensive platform. With this 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 within one secure, enterprise-grade platform.

The fresh capital will go toward three key priorities. Specifically, 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. 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.
Omar Almajdouie, Founding Partner at Raed Ventures.

Beyond the technology, Signit carries a structural edge that international competitors simply cannot replicate overnight. The company holds a Trust Service Provider license from the Saudi Digital Government Authority (DGA), ensuring its platform remains legally binding and fully aligned with local regulatory standards as it scales.

That DGA licence and government customer base give Signit a regulatory and distribution head start over international CLM platforms such as Ironclad, Juro, and DocuSign none of which have built for Arabic-language, Saudi-compliant contract environments from the ground up.

The timing of this raise is equally strategic. Signit acknowledged Saudi Arabia’s designation of 2026 as the Year of AI, with the Ministry of Communications and Information Technology playing a central role in advancing the Kingdom’s digital economy and fostering its innovation ecosystem.

The Kingdom is undergoing rapid digital transformation, yet contract management remains a critical bottleneck, often handled through manual processes or email. This creates a clear need for solutions that bring visibility, control, and speed to agreements.
El Abbouri, CEO and co-founder, Signit.

Ultimately, with this funding, Signit is positioned to become the default contract platform for enterprise and government across Saudi Arabia.

Disclaimer: This news is based on publicly available information. NervNow has not independently verified any claims.

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