What's Next for Signit: Our Series A and the Future of Contract Management
Four years ago, we founded Signit with a conviction: Saudi Arabia's digital transformation needed its own contract infrastructure. Not a localized version of a foreign product. A purpose-built system, compliant from day one, designed for how organizations actually work here.
Today, we're announcing that Signit has raised $15 million in Series A funding, led by Raed Ventures, with participation from STV, Seedra Ventures, Takamol Ventures, and Suhail Ventures.
Where we started
When we launched, the immediate need was clear: organizations needed a way to sign agreements digitally that was legally binding under Saudi regulations. So we built it. We became a licensed Trust Service Provider, licensed by the Digital Government Authority. And over 700 organizations across government, financial services, healthcare, and enterprise trusted us with their most important agreements.
Why we expanded to CLM
But signing is one moment in a contract's life. The real friction lives in everything around it — drafting, negotiation, approvals, tracking obligations, renewals, compliance. We always knew the full contract lifecycle was where Signit needed to go.
What made us move now is AI. For the first time, we can build a system that doesn't just process contracts but understands them in context. AI agents that interpret agreements, surface risks, track obligations, draft from precedent, and drive actions end-to-end — continuously and across systems. What used to require manual effort and months of implementation becomes a single intelligent workflow that works from day one.
Critically, humans stay in control. Every recommendation is surfaced, reviewed, and approved with full visibility and traceability.
What we're building
Our vision is an intelligent contract assistant — one place where teams work, with AI handling the complexity and bringing the right information to your screen. Specifically, this means:
Intelligent drafting that generates contracts from templates and precedent. Automated review that flags risks, missing clauses, and deviations from policy. Obligation tracking that monitors deadlines and commitments across your entire contract portfolio. And AI agents that coordinate the workflow behind the scenes — so legal and procurement teams can focus on judgment, not administration.
What this funding enables
This $15 million goes toward three priorities: deepening our AI capabilities and accelerating the product roadmap we've outlined above. Scaling across Saudi Arabia and the broader region. And growing our team — we're hiring across engineering, product, and customer success.
What's ahead
In the year Saudi Arabia has declared the Year of Artificial Intelligence, we believe contract management is one of the highest-impact areas for AI adoption in the enterprise. The infrastructure is being built — by the government, by regulators like DGA, and by companies like ours.
This is just the beginning.
— Mohamed El Abbouri, Co-Founder and CEO
