Saudi autotech Syarah raises $12 million from Impact46

Saudi Arabia-based autotech startup Syarah has raised $12 million in a new funding round from Impact46 to expand its online marketplace for new and used cars across the Kingdom. The stage of the round was not disclosed. Founded in 2015 by Salah Sharef and Fayez Alanazi, Syarah operates an online automotive marketplace that allows customers to browse and purchase new and used vehicles digitally and have them delivered to their location. The investment will support Syarah’s nationwide expans