Backing Signit’s AI Bets: Building the AI-Native Contract Platform for Saudi Arabia and Beyond
STV is participating in Signit's $15m Series A, alongside Raed Ventures, Seedra Ventures, Takamol Ventures, and Suhail Ventures. This marks another investment from STV's AI Fund, backed by Google and dedicated to supporting AI-native startups building out of the region.
Contracts are the connective tissue of every organization, yet the process of drafting, negotiating, approving, and managing them remains stuck in a patchwork of email threads, Word documents, and shared drives. eSignature solved one step in that chain, but the vast majority of time and money lost on contracts sits before and after the signature.
Founded in 2021, Signit began by solving the most immediate pain point: legally binding digital signatures. As a licensed Trust Service Provider under the Saudi Digital Government Authority (DGA), it built the regulated rails that enable government and enterprise organizations to sign digitally with full legal weight under Saudi law. Today, 700+ customers across government, financial services, healthcare, and enterprise rely on Signit to move their agreements forward.
With this round, Signit is moving into Contract Lifecycle Management (CLM), a natural evolution from its starting point, where it is now the clear frontrunner in the Kingdom. The new platform brings AI into the core of how contracts are created, negotiated, tracked, and managed, giving organizations a single system of record for every agreement. An intelligent contract assistant will let employees find and act on contract information in seconds rather than hours, while the underlying certificate infrastructure continues to deepen Signit's regulatory moat.
Our conviction rests on three things. First, AI will fundamentally reshape how contracts are created, negotiated, and managed, and Signit is applying it at the right layer: not as a bolt-on feature but as a core part of the product. Second, Mohamed El Abbouri, co-founder and CEO, combines sharp product instinct with a deep understanding of what it takes to build trust infrastructure in a government-facing market, a rare combination that has taken Signit from a young startup to the default digital signature provider for some of Saudi Arabia's most important institutions in under five years. Third, the timing is right. Saudi Arabia has declared 2026 the Year of AI, the DGA has built one of the most progressive digital trust frameworks in the region, and enterprises and government entities across the Kingdom are actively looking for AI-native, locally compliant software to run on.
Mohamed and the Signit team represent exactly what the AI Fund was created to support: locally grounded, globally ambitious founders building AI-native companies that solve real pain points. We're excited to back them as they build the default contract platform for enterprise and government in Saudi Arabia and beyond. Learn more about them here.