Dubai, UAE [5th Aug, 2025] – Alaan, the Middle East’s leading spend management platform for businesses, has raised $48 million – one of the largest Series A funding rounds in the history of the region.

The round was led by Peak XV Partners (formerly Sequoia Capital India & SEA) with significant participation from the founders of 885 Capital, Sudeep Ramnani & Jai Mahtani, Y Combinator, 468 Capital, and Pioneer Fund. The round was heavily oversubscribed and includes both primary and secondary funding.