Stitch, a company providing an operating system for financial institutions, successfully raised $25 million in Series A funding. The round was led by Andreessen Horowitz (a16z), a prominent Silicon Valley venture capital firm.
This significant investment represents Andreessen Horowitz's inaugural entry into the Gulf Cooperation Council (GCC) market, highlighting the region's growing attractiveness for global tech investors. Other investors in the round included Arbor Ventures, COTU Ventures, Raed Ventures, and SVC.
