Dubai, UAE – Tokinvest, the UAE-based regulated marketplace for Real-World Asset (RWA) tokenisation, today announces three significant achievements: receiving the first full multi-asset issuance licence from Dubai’s Virtual Assets Regulatory […]
Cairo, Egypt – Plstka, the Egypt-based Climate Tech startup, has successfully closed a six-figure investment round led by Empire Angels Bridge, part of a $1 million strategic investment plan aimed
Dubai, UAE – UAE-based startup YAL.ai has successfully raised $12 million in Series A funding to further develop its AI-powered platform designed to make digital communication secure and entirely scam-free
Dubai-based fintech startup UPFRONT has announced the closing of a $10 million pre-seed funding round, a mix of equity and debt, aimed at solving one of the most persistent challenges
UAE-based venture capital firm Iliad Partners has announced the second closing of its $50 million Iliad Partners Tech Ventures Fund. The latest round welcomes three leading Greek banks – Eurobank,
Sabika, a leading digital platform for gold and silver investment, has secured a six-figure strategic investment led by M-Empire Angels, a prominent angel investment group founded by Dr. Maged Ghoneima.
Sukna Capital, a Riyadh-based alternative investment platform licensed by the Capital Market Authority (CMA), has announced a strategic partnership with Partners for Growth (PFG), a global credit manager specializing in
Aydi, the UAE-based agri-tech platform, has successfully raised $7.5 million in a Seed funding round led by COTU Ventures, Daltex, and Nuwa Capital, with participation from Magrabi Agriculture and Foundation
DUBAI, United Arab Emirates — (BUSINESS WIRE) — BECO Capital, a leading venture capital firm in the MENA region, has announced the successful close of $370 million across two new
The Ministry of Investment has announced the launch of “Startup Saudi,” a comprehensive national initiative designed to support the establishment and expansion of entrepreneurial ventures across the Kingdom. This strategic
Doo, a Saudi Arabia-based company specializing in enhancing customer experiences for enterprises, has successfully raised $1.7 million in a funding round led by Merak Capital, with participation from Plus Venture
Riyadh Valley Company (RVC), the investment arm of King Saud University, has officially announced its strategic investment in Japan’s renowned venture capital fund, Abies Ventures Fund II. Founded in Tokyo
Distil, a specialty chemicals startup founded in 2021 by Atanu Agarrwal and Viraj Shah, has raised $7.7 million in a Series A funding round led by UAE’s CE-Ventures and Singapore’s
MADA, a pioneering fintech company specializing in consumer financing solutions, has successfully closed its Pre-Seed investment round worth $1.55 million, led by Vision Ventures with participation from D-Investments. The company
Dubai, UAE – September 24, 2025 – PayPal Holdings, Inc. (NASDAQ: PYPL) has unveiled a strategic commitment to invest $100 million across the Middle East and Africa, aiming to fuel
San Jose, Calif. – September 22, 2025 – Empower Semiconductor, the world leader in powering AI-class processors, today announced the successful closing of over $140M in Series D financing, led
Abu Dhabi, UAE – Presight, a leading global AI and big data analytics company, together with Shorooq, a prominent Abu Dhabi-headquartered investment firm regulated by the FSRA, today announced the
FlyNow Arabia Ltd. has officially announced securing strategic investments from Den VC, alongside prominent family offices from Saudi Arabia and the wider MENA region, including the Al-Mohaidab and Reslan families.
Riyadh-based fintech platform erad, a leading provider of alternative financing solutions for SMEs, has successfully raised $33 million in debt financing, led by Stride Ventures, to strengthen its operations in
Tunisia’s state-backed ANAVA Fund of Funds has officially announced a $4 million commitment to Rasmal Innovation Fund I, a venture capital fund established by Qatar-based Rasmal Ventures. This investment marks
Merak Capital has announced a strategic investment of $1.2 million in the Saudi fintech startup Bynow, aiming to accelerate the development of its innovative financial solutions and expand its footprint
Saudi-based Bwatech, a leading company in fintech solutions for businesses, has successfully closed a $16 million investment round, led by Sharaka Financial, as part of its ambitious plans to accelerate
Riyadh, Saudi Arabia – 2025 – Moneymoon, a pioneering peer-to-peer (P2P) financing platform, has successfully closed its Pre-Series A investment round, raising $2.9 million. The round was led by Core
Moroccan startup DONE has successfully closed a $2.1 million Seed round, marking a pivotal milestone in Morocco’s digital transformation journey. The round, which follows a $600,000 founders’ round, was backed
Alkhabeer Capital has announced that it has led a Seed investment round worth $4.8 million in Al-Eqtisad Al-Aly, the parent company of Sindbad.Tech, a firm specializing in automated trading and
Continuing its commitment to providing top-tier services to the corporate sector and offering advanced digital financial solutions to enhance operational efficiency, Alinma Bank has announced a strategic investment and partnership
Continuing its commitment to providing top-tier services to the corporate sector and offering advanced digital financial solutions to enhance operational efficiency, Alinma Bank has announced a strategic investment and partnership
UAE-based accounting technology startup Oncount has successfully raised $1.5 million in a seed funding round, led by tech entrepreneur Sergey Panov. The fresh capital will accelerate the development and launch
Armoir, the UAE-born luxury luggage brand inspired by the heritage of French wardrobe trunks, today announced the successful close of a $500K seed funding round, led by Salica Oryx Fund
Cairo, Egypt – EdVentures, the corporate venture capital arm of Nahdet Misr Group and the region’s leading EdTech-focused CVC, has announced a strategic investment in LRNOVA, an innovative startup leveraging
LDUN Fintech, a Saudi-based financial technology company licensed by the Saudi Central Bank (SAMA) under the Regulatory Sandbox, has announced the successful closure of its Seed funding round, securing over
Derayah Financial Company (“Derayah Financial”) has announced the signing of a strategic partnership agreement with Malaa, the automated investment management advisor, during the Money 20/20 Middle East Conference. This collaboration
Amaani, a pioneering company reimagining beauty and wellness from the Middle East, has successfully closed a $3 million Seed round led by Surge, Peak XV Partners’ scale-up program—marking their first
Spare, the fintech innovator specializing in open banking infrastructure, has successfully closed its Pre-Series A funding round, raising $5 million. The round was led by anb Seed Fund from anb
DENVER, USA and SINGAPORE (Sept. 10, 2025) – Vantage Data Centers, a leading global provider of hyperscale data center campuses, today announced that it has secured a $1.6 billion investment
Saudi fintech startup Wadaie has announced the successful closing of its Seed funding round, led by VentureSouq, with participation from Graphene Ventures, RZM Investment, as well as Arab National Bank
The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), in collaboration with Amazon, has announced the launch of the world’s most comprehensive Digital Arabic Library, unveiled during
Saudi Arabia-based HALA, a leading fintech company specialising in embedded financial services for micro, small, and medium enterprises (MSMEs), has successfully raised $157 million in a Series B funding round,
Zahib is proud to announce the successful closing of its Seed investment round, marking a defining milestone in the company’s growth journey and reinforcing its strategic direction within the rapidly
Bahrain-based Fintologya, a pioneering provider of cloud infrastructure solutions for payments, has successfully closed a $1 million Seed funding round led by a Gulf holding company. Fintologya delivers a cloud-native
Rasmal Ventures, a leading Qatar-based venture capital fund backed by the Qatar Investment Authority (QIA), has announced its investment in NEXX, a cutting-edge AI-driven logistics technology company headquartered in both
Mohammedia, Morocco – Jobzyn, the AI-powered recruitment startup, has secured investment from Janngo Capital, one of Africa’s leading investment firms managing the continent’s largest gender-equality-focused tech fund. Founded in 2021
Rihal, a leading Omani technology and data services company, has announced the successful first close of its Series A funding round at $7.5 million, as part of its plan to
216 Capital, a leading Tunisian venture capital firm, has partnered with Silicon Valley innovation powerhouse Plug and Play to launch the “216 Capital Venture Accelerator”, a six-month program dedicated to
DawaDose, the Jordan-founded pharmaceutical digital solutions startup, has successfully closed its Pre-Seed funding round with participation from a group of angel investors, marking a pivotal milestone in the company’s mission
UAE-based fintech CredibleX secures a $100 million senior secured credit facility from UK investment firm Pollen Street Capital, marking Pollen Street’s first direct entry into the UAE market since opening
TERN Group, the UAE-headquartered HealthTech startup, has successfully raised $24 million in a Series A funding round led by Notion Capital and EQ2 Ventures, with participation from RTP Global, LocalGlobe,
FOSTER CITY, Calif., Sept. 10, 2025 /PRNewswire/ — Replit, the fastest-growing agentic AI software creation platform, today announced the closing of its $250 million Series C funding round, valuing the
Berlin – Germany-based startup Born, which specializes in AI-powered social applications, has secured a $15 million investment round led by Laton Ventures from Turkey, alongside Tencent and Accel. Laton Ventures
Doha – The Qatar Investment Authority (QIA) has announced its participation in a major Series E investment round worth $1 billion in PsiQuantum, a U.S. leader in optical quantum computing,
E3.Ventures, the leading investment studio specializing in building and accelerating startups, has announced the signing of a strategic partnership with Groq, the global leader in high-performance AI processors. The partnership
Goldtag, a digital asset developer that enables trading precious metals via blockchain technology and integrates its system into multiple platforms, has raised $10 million in Series A funding. The round
Fitting, the innovative tech platform connecting building material suppliers with real estate developers and retailers, founded by Abdulaziz Al-Mubayyid and Mohammed Al-Mubayyid, has announced the successful closing of a $500,000
During the closing conference of the GREAT FUTURES initiative, the launch of two investment funds was announced to support startups in Saudi Arabia and across the Middle East and North
216 Capital has announced a strategic investment in Addvocate.AI, the Franco-Tunisian startup specialised in optimising sales performance with artificial intelligence. Founded in 2024 by Ridha Mami and Sofyan Chekir, Addvocate.AI
Dubai, UAE – Seraya, the Dubai-based PropTech and hospitality startup, has successfully closed a $1.8 million seed round, bringing its total funding to $2.15 million. The round was led by
As part of its strategy to back early-stage startups, Simya VC, launched by 212, has invested $500,000 in reprai, a technology venture set to transform marketing and sales in the
In 2021, Revo Capital became the first institutional venture capital fund to invest in Midas. Following the company’s $80 million Series B round, the fund executed a partial exit, reaffirming
Manibux, Turkey’s first digital pocket money application, was founded in 2016 by Canan Akmanoğlu Bayrak to promote financial literacy among children aged 8–18 through prepaid digital allowance cards, a digital
UK-based Paragraf, a leading private technology company specializing in advanced electronics, has announced securing $35 million in investment from Mubadala Investment Company as part of a $55 million funding round.
Riyadh, Saudi Arabia – Saudi Arabia granted 34 licenses for regional headquarters in Q2 2025, reflecting the Kingdom’s ongoing efforts to position itself as a leading business hub in the
Vibes AlUla has announced the launch of the eighth edition of the “Rowad AlUla” Business Accelerator,” building on the success of the seventh edition, which began in July. The initiative
CICC Capital, the private equity investment arm of China International Capital Corporation (CICC), has announced a strategic partnership with BlueFive Capital, a global investment platform originating from the Gulf Cooperation
Dubai, UAE – Holo, a UAE-based fintech platform reinventing the home-buying experience, has announced that it has raised $22 million in a Series A round, marking one of the largest
Zetta Technologies, a Saudi Arabia–based company specialized in providing hardware solutions, announced the successful closure of its latest funding round worth $12 million, led by Core Vision Investment and National
The region has witnessed a wave of funding activity. Gathern.co (🇸🇦 KSA), the Kingdom’s largest P2P rental marketplace offering 35,000+ accommodations across 280 cities, announced the closing of a $72M
Falak Investment Hub has announced its investment in Blomal Capital, a Saudi-based financial technology startup specializing in investment fund distribution, as part of a Pre-Seed funding round. The amount invested
Saudi Arabia’s Jahez International Company for Information System Technology (Jahez) has secured a 150 million riyals ($40 million) Sharia-compliant credit facility from the National Bank of Bahrain. The facility, structured
Creativa has announced the launch of Tech Launchpad, a comprehensive program designed to accelerate the growth of early-stage technology startups in Egypt. The initiative combines hybrid training sessions, one-on-one mentorship,
Riyadh, Saudi Arabia – August 17, 2025 – Fahy Studios, a rising Saudi game development studio, has secured a strategic investment of $1.75 million from Impact46 and Merak Capital. This
NPrep, a placement-focused startup building an AI-powered skilling platform for nursing students and professionals, has secured an undisclosed amount in a pre-seed funding round led by All In Capital, with
The National Livestock & Fisheries Development Program in Saudi Arabia has approved the launch of specialized business accelerators focused on the livestock and biotechnology sectors. This initiative aims to drive
Rillet’s $70 million Series B funding round was led by Andreessen Horowitz and ICONIQ. Other participants in the round included Sequoia, Oak HC/FT, and the company’s existing investors. We had
Cairo, Egypt – 5 August 2025 – F6 Group has officially launched its new investment arm, F6 Ventures, in partnership with Flat6Labs, to empower early-stage startups across the Middle East
Inveniam Capital Partners, a global leader in decentralized data infrastructure for private market assets, has announced a strategic partnership with MANTRA, a layer 1 blockchain focused on tokenized real world
BlueFive Capital, a leading Abu Dhabi-based private equity firm, today announced that Bahrain Mumtalakat Holding Company, the Kingdom’s sovereign wealth fund, has acquired a stake in the firm, reinforcing Mumtalakat’s
The General Authority for Competition (GAC) in Saudi Arabia has approved the acquisition by Al-Futtaim Retail of a 49.95% stake in Cenomi Retail (Fawaz Abdulaziz Alhokair Co.) through a private
Anaconda, Inc. Raises $150M in Series C Round Led by Insight Partners, with Participation from Mubadala Capital U.S.-based open-source AI company Anaconda, Inc. has raised $150 million in a Series
Afaq Capital, a Saudi company licensed by the Capital Market Authority (CMA), has fully acquired a venture capital portfolio in a transaction structured and completed with Cotyledon for Management Consultancy.
Riyadh, Saudi Arabia — DEEP.SA, a rising AI-focused startup, has successfully raised $1.2 million in a Pre-Seed funding round, with participation from TAM and RAED Ventures. DEEP.SA is dedicated to
ISTANBUL–(BUSINESS WIRE) – Good Job Games, one of Türkiye’s fastest-growing mobile gaming companies, has successfully raised $60 million in a Series A funding round, co-led by Menlo Ventures and Anthos
Sweden-based VNV Global has revealed that Egyptian grocery delivery startup Breadfast is now valued at $382.3 million, nearly doubling the value of its 7.9% stake—from $16.9 million in 2021 to
Sanabil Investments, a wholly owned company by the Public Investment Fund (PIF), has announced the launch of Sanabil Founder University by LAUNCH, in partnership with early-stage investor Jason Calacanis‘ firm
Flat6Labs, a leading regional startup accelerator and early-stage venture capital firm, has announced the launch of its Riyadh Seed Program, now open for applications. The program is designed to support
Uber Technologies announced a $300 million investment in electric vehicle maker Lucid Group, forming a strategic partnership with self-driving tech startup Nuro to launch a next-generation robotaxi fleet built exclusively
The Mohammed Bin Rashid Innovation Fund (MBRIF), an initiative launched by the UAE Ministry of Finance, has announced the selection of 20 innovative startups to join the 10th cohort of
Riyadh, KSA – Lucidya, the leading AI-powered Customer Experience Management (CXM) platform in the MENA region, has announced the successful close of its USD30 million Series B funding round, marking
The first half of 2025 witnessed a surge in venture capital activity across the Arab region, with standout deals across fintech, AI, PropTech, mobility, and travel tech. Here are the
BlueFive Capital, a rapidly emerging investment platform founded in the GCC, has announced the successful closing of its Founding Shareholders Circle investment round, which values the firm at $120 million.
UAE-based XPANCEO has secured $250 million in Series A funding led by Opportunity Venture (Asia), boosting its valuation to $1.35 billion and officially achieving unicorn status. The company is developing
DT Cloud, a Turkey-based local cloud platform provider operating under the Digital Transformation Group, has secured a new investment from the Innovative and Advanced Technologies Participation Venture Capital Investment Fund,
UAE-based proptech company Huspy has closed a $59 million Series B funding round to expand its operations across the Middle East and strengthen its European presence, including a planned launch
Stride Ventures, the world’s largest venture debt platform, has announced the first close of its flagship Abu Dhabi Global Market (ADGM) Fund V, marking a milestone in its strategic expansion
Mumbai-based healthy food startup Khetika has raised $18 million (approximately ₹153 crore) in a Series B round led by Narotam Sekhsaria Family Office and Anicut Capital, with participation from existing
Saudi Arabia and South Korea have launched a joint initiative to facilitate the entry of Korean startups and SMEs into the Saudi market, focusing on four strategic sectors: artificial intelligence
Cloud-based design software company Figma filed paperwork with the U.S. Securities and Exchange Commission (SEC) on Tuesday to go public, aiming to list on the New York Stock Exchange under
Levelpath, a fast-growing U.S. startup specializing in procurement software, has successfully raised $55 million in Series B funding, led by Battery Ventures. This fresh capital injection supports the company’s goal
Saudi Arabia-based quick delivery company Ninja has officially achieved unicorn status after securing approximately USD 250 million in a funding round led by Riyad Capital, according to individuals familiar with
PetroApp, a leading Saudi provider of digital fuel payment and fleet management solutions, has secured a USD 50 million investment round led by Jadwa Investment, through the Jadwa GCC Diversified
Saudi venture capital firm Impact46 has announced its participation in a $5 million seed round for Spekter Games Inc., alongside a roster of global investors including a16z Speedrun, London Venture
Kalshi, the US-based forecasting market platform, has announced a $185 million funding round, reaching a valuation of €2 billion. The round was led by Paradigm, with participation from Sequoia, Multicoin,
Flipspaces, the commercial interior design startup, has secured ₹50 Crore (≈US$ 5.9 million) from Asiana Fund as part of a larger US$ 35 million funding round. Synergy Capital Partners, Iron
Nigeria-based HR-tech startup PaidHR announced the successful raising of $1.8 million in a new Seed funding round, bringing its total investment to approximately $2.9 million. This round follows a prior
STV, the largest independent technology investment firm in MENA, has announced a new investment in Morni, a Saudi automotive services platform, through its newly launched $100M NICE Fund. Founded in
Baghdad, Iraq – In a milestone for the Iraqi innovation ecosystem, Netaj, Iraq’s leading entrepreneurship platform, has officially launched Nawat, the country’s first-ever venture capital studio, aiming to back and
Dubai-based digital platform Stryde, licensed by the Dubai Financial Services Authority (DFSA), has announced the acquisition of Qora71, one of the region’s fastest-growing angel investment networks originally launched with the
Riyadh – In an interview with Al Arabiya, Mohammed Alzubi, Founder and Managing Partner at Nama Ventures, announced that the fund has received a license from the Saudi Capital Market
XFOLIO AI, a fintech startup based in Lebanon and France, has raised $2 million in Seed funding from Middle East Venture Partners (MEVP) to grow its product and expand into
In a strategic move to foster startup growth in the region, the Arab Fund for Economic and Social Development has announced a new investment through its financing arm “Bader Fund”,
Stride Ventures, a global leader in venture debt financing, has announced the expansion of its operations into Saudi Arabia, reinforcing its presence in the Gulf Cooperation Council (GCC). The move
Riyadh, Saudi Arabia — Khwarizmi Ventures, a prominent venture capital firm in the MENA region, has announced its plan to launch a second investment fund worth between $100 million and
Snitch, a D2C menswear brand, has raised up to $40 million in its Series B round led by 360 ONE Asset. The round also included participation from existing investors IvyCap
Endeavor has launched the first edition of its flagship Unicorn Builder program in the UAE, in partnership with the Dubai Department of Economy and Tourism and the Dubai Chamber of
Sycamore, a Nigerian digital lending startup, has successfully completed a $1.5 million debt financing round, just one week after securing a ₦1.5 billion (approx. $943K) loan from Cascador, a local
Rillet, a US-based AI-powered accounting platform, has raised $25 million in a Series A round led by Sequoia Capital, with participation from First Round Capital, Creandum, Susa Ventures, and angel
Saudi-based Taawoni, a leading platform in cooperative training and professional development, has successfully closed a $1.6 million investment round led by M Capital, with participation from other supporting investors. Founded
Riyadh – May 28, 2025 – NOMW Capital has announced its acquisition of a majority stake in MRSOOL, the leading on-demand delivery platform operating in Saudi Arabia, Egypt, and Bahrain,
UAE-based Tech Universal Ventures has announced the acquisition of FixSquad (UAE) and ELVA11 (Sweden) as part of its expansion strategy to strengthen its footprint across the Gulf region and global
The Sharjah FDI Office (Invest in Sharjah) has launched ‘Sharjah AcquireHub’, the region’s first government-led digital platform designed to streamline mergers and acquisitions (M&A) activities in the emirate. This pioneering
The Saudi Public Investment Fund (PIF) officially opened its first office in France, located in Paris, as part of its broader global expansion strategy. This move aims to strengthen economic
In a strategic move reflecting global investment shifts, China has officially approved the Qatar Investment Authority’s (QIA) acquisition of a 10% stake in ChinaAMC, the country’s second-largest asset manager. This
Riyadh Valley Company, the investment arm of King Saud University, has announced its investment in the Middle East Venture Partners’ Fund IV (MEVF IV), a fund managed by MEVP, one
Syria has signed a 20-year memorandum of understanding (MoU) with Chinese company Fidi Contracting to invest in free zones, announced by Syria’s General Authority for Land and Maritime Ports on
OpenAI has announced its acquisition of io, the AI hardware startup founded by legendary designer Jony Ive, in a record-breaking $6.4 billion deal, marking the largest acquisition in OpenAI’s history.
Saudi Arabia has officially become the world’s fastest-growing startup ecosystem, according to the 2025 StartupBlink Global Report, which ranked the Kingdom first globally in growth, with a rate exceeding 200%.
Arkestro has secured a strategic investment of $36 million from Altira Group and Aramco Ventures to accelerate its global growth and further develop its Predictive Procurement Platform. This innovative platform
Sylndr, the Egypt-based mobility startup, has raised $15.7 million in a Series A funding round, cementing its position as a leading vertically integrated platform in Egypt’s used car market. The
Wa’ed Ventures, Aramco’s $500M VC arm, and Tali Ventures, the investment vehicle of stc Group, have co-led a $19 million Series B extension in Graphiant, a pioneering US-based Network-as-a-Service (NaaS)
Arab Open University (AOU) concluded its inaugural Startup Competition 2025 at its Riyadh campus, celebrating student-led innovation. HRH Prince Khaled bin Alwaleed bin Talal presented awards to the winners, marking
BEIJING – May 13, 2025– Chinese tech giant Meituan has officially announced the launch of its food delivery brand Keeta in Brazil, backed by a bold $1 billion investment over
Abu Dhabi – May 2025 – Mubadala Investment Company, the sovereign wealth fund of the Government of Abu Dhabi, is preparing to invest $400 million in South Korea’s Kakao Mobility,
STV, one of the region’s largest venture capital firms, announced the launch of a dedicated $100 million Artificial Intelligence Fund in strategic partnership with Google. The announcement was made during
Tallinn, Estonia – Co-one, an AI infrastructure startup, has announced the completion of its €1 million pre-Series A investment round, led by Ak Portföy. Existing investors Maxis Innovative Venture Capital,
In a significant move that underscores the Kingdom’s evolving financial sector, Hamah Capital has received regulatory approval from the Capital Market Authority (CMA) to engage in investment management and fund
Stockholm, May 6, 2025 – Priceagent, the platform revolutionizing pricing strategy, has raised $550,000 in seed funding backed by its founders, consulting experts, and prominent angel investors, including former Cint
Flipspaces, a leading Indian technology-enabled commercial interior design and build company, has successfully raised $35 million in a funding round that includes both primary and secondary capital. The round was
Uber has announced its acquisition of an 85% stake in Turkish food delivery platform Trendyol GO for approximately $700 million in cash, according to a securities filing. The deal is
In a landmark step to boost Egypt’s startup ecosystem, Alex Angels, one of the country’s leading angel investment groups, has launched Egypt’s first digital platform dedicated to tracking the valuations
On May 4, 2025,Nama Ventures Capital Co, one of the first foreign venture capital firms to be fully regulated under Saudi Capital Markets law, has officially received approval from the
Wa’ed Ventures, the venture capital arm of Saudi Aramco, has announced the signing of a strategic Memorandum of Understanding (MoU) with the Ministry of Environment, Water and Agriculture, during the
LOS ANGELES, USA – CHAOS Industries, a cutting-edge technology company building the next generation of defense and national security systems, today announced that it has raised $275 million in Series
Riyadh, April 2025 – STV, the leading growth investor in the MENA tech sector, has announced the final close of its first non-dilutive capital fund, the $100 million STV NICE
Riyadh, Saudi Arabia – KPMG Saudi Arabia has launched the 5th edition of its flagship Global Tech Innovator (GTI) competition, offering the country’s most ambitious startups an opportunity to showcase
DoorDash, the largest food delivery app in the US, has initiated formal talks to acquire Deliveroo, one of Europe’s leading delivery platforms, in a deal valued at approximately £2.7 billion
In a strategic move to enhance its leadership in the digital infrastructure space for private market transactions, Zest Equity, the leading digital infrastructure solutions platform for private market execution, announced
Bahraini foodtech startup, Calo, has announced its expansion into the UK through the acquisition of two local meal delivery brands, Fresh Fitness Food and Detox Kitchen, as part of its
Uniqus Consultech, the tech-enabled global consulting platform, announced securing $20 million in its Series C funding round led by Nexus Venture Partners with participation from Sorin Investments, both existing investors.
iMENA Group, a regional leader in building and operating digital platforms in the Middle East and North Africa, announced the successful completion of a $135 million capital raise in the
Saudi Arabia-based Techrar, the leading platform for subscription, membership, and recurring billing management, announced the closure of a SAR 6 million (approximately $1.6 million) investment round, led by Wa’ed Ventures,
Riyadh, Saudi Arabia – April 2025: Jaree, a new Saudi platform founded by Faisal AlNaji, has officially launched to streamline early-stage venture investing in the Kingdom. The platform connects qualified
Hub71, Abu Dhabi’s global tech ecosystem, released its 2024 Impact Report, highlighting a record-breaking year marked by robust funding, strategic growth, and increased international recognition. In its sixth year, Hub71
Amwaj International, a billion-dollar multinational conglomerate with over 10,000 employees and a global presence in 27 cities, has announced the acquisition of an 18% stake in UAE-based real estate development
Startup funding in the Middle East and North Africa (MENA) saw a notable 60% surge in Q1 2025, reaching a total of $693 million, according to the latest Digital Digest
UK-based venture capital firm Octopus Ventures, one of the leading VC firms in Britain, is nearing the completion of a strategic acquisition of the Fintech Growth Fund (FGF) — a
The Innovative Startups and SMEs Fund (ISSF) – the largest investment fund of its kind in Jordan – has announced a $3 million investment in the Antler MENAP Fund LP,
India is poised for a significant surge in initial public offerings (IPOs) from tech startups in 2025, following a robust performance in 2024. According to data from Inc42, approximately 23
Encor, the Hong Kong‑based investment funds and corporate services platform, has officially acquired UAE‑based Creative Zone, a leading company‑formation service provider in the Gulf region. The deal aims to accelerate
Egypt’s financial services sector posted strong gains on the Egyptian Exchange last week, driven by heavy investor buying. Beltone Financial Holding’s share price rose 0.50% to EGP 2.03 from 2.02, lifting
Arab National Bank (ANB) has announced the launch of its inaugural “FinTech Accelerator Program for Emerging FinTech Companies”, marking the first such initiative by a Saudi bank aimed at supporting
Deloitte Middle East has announced the results of the 4th edition of the Deloitte Technology Fast 50 program, celebrating the fastest-growing tech companies across the Middle East and Cyprus. The
The Information Technology Industry Development Agency (ITIDA) has kicked off the inaugural edition of its Invest‑IT program in collaboration with Flat6Labs, featuring pitches from 15 Egyptian tech startups across the
Riyadh, Saudi Arabia – Sadq, a leading Saudi company specializing in digital signature solutions and workflow documentation, has successfully closed a Pre-Series A funding round, raising SAR 5.5 million. The
London, UK – Thursday 10th April 2025 – DIG Ventures, the early-stage VC firm backing Europe’s most impactful B2B SaaS, AI and cloud infrastructure startups, has announced the successful closing
Mantra, a leading blockchain platform designed to tokenize real-world assets, has announced the launch of its investment fund, the Mantra Investment Fund “MEF,” with a target capitalization of approximately $108.8
Al Areeb Holding has announced the acquisition of an 80% majority stake in Future Integrated Management (FIM), a company specializing in administrative solutions and consulting. This strategic move aligns with
Nigerian AI-driven lending startup Rivy (formerly Payhippo) has secured $4 million in a pre-Series A funding round to accelerate its mission of financing Africa’s clean energy transition. The round combines
OpenAI is preparing to finalize a massive investment round worth $40 billion, bringing its valuation to $300 billion. The funding round is led by SoftBank, with participation from Magnetar Capital,
Dubai, UAE – In a bold move to consolidate its leadership in the regional F&B sector, Epik Foods has completed the acquisition of Sauce Capital, integrating 15 popular dining brands
Dubai, UAE – Emirates NBD, a leading banking group in the MENAT region, has signed a strategic MoU with BlackRock to establish an exclusive investment platform for wealth clients. This
Riyadh, Saudi Arabia – Arabian Pay, the Kingdom’s leading national fintech platform, has successfully closed its Pre-Seed investment round through a strategic agreement with Al Bassami Holding Group, a global leader
African startups face stricter investment scrutiny compared to their global counterparts, as investors demand greater proof of success, conduct more comprehensive financial audits, and often overestimate the risks associated with
Startups from Kenya and the rest of East Africa have been invited to apply for the Startup 360 Connect program, which aims to help ventures expand globally while leveraging the dynamic innovation
Equator, a venture capital firm focused on climate technology investments in Sub-Saharan Africa, has announced the final closing of its first fund at $55 million (€50 million). This follows recent
Yango Group, a leading technology company, has announced the launch of a new institutional investment fund named “Yango Ventures” with a value of $20 million. The fund aims to support
Kenyan logistics startup Leta has successfully raised $5 million in an initial funding round. The company plans to use the funds to enhance its products and expand into strategic markets
Emirati entrepreneur Saeed Al Hamli has announced his participation in the founding of «Nqubator», where he serves as the company’s CEO. «Nqubator» aims to empower ambitious entrepreneurs to build innovative
Hassana Investment Company, the investment arm of Saudi Arabia’s Public Pension Agency, has announced the acquisition of a 40% stake in Berain Water from Mohammed Abdulaziz Al Rajhi & Sons Investment Company (Al Rajhi Investment).
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defense, and Chairman of the Dubai Executive Council, has issued Executive Decision No.
Yango Group, a global tech firm based in Dubai, has launched a $20 million corporate venture fund targeting early-stage startups across the Middle East, North Africa, and Pakistan (MENAP), Sub-Saharan
Morocco has launched its first Venture Studio through BVS, aiming to support entrepreneurs and investors by providing an integrated environment that combines innovation, financial planning, and strategic expansion. This initiative is part of
Latigo Biotherapeutics, Inc., a U.S.-based biotechnology company specializing in the development of non-opioid pain therapies, has announced the closing of a $150 million Series B funding round. The round was led
The Ministry of Communications and Information Technology (MCIT), in partnership with Amazon Web Services (AWS), has launched the “AWS Builder Accelerator” program, aimed at developing national competencies in cloud computing and equipping them with
The Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds, has announced its participation in a $200 million investment round for Lila Sciences, a U.S.-based startup specializing in developing advanced
Terabase Energy, a U.S.-based company specializing in digital and automated solar energy solutions, has announced the closing of a $130 million Series C funding round, led by SoftBank Vision Fund 2 with participation
Impact46 has announced the completion of the sale of its entire stake in Rasan Information Technology through an accelerated book-building offering to institutional investors. The deal involved the sale of 13,296,836 shares, representing 17.16% of Rasan’s
Binance, the world’s largest cryptocurrency exchange, has announced that MGX, a UAE-based leader in AI and advanced technology investments, has acquired a minority stake in the platform for $2 billion. This marks
In a massive and unexpected deal, Savvy Games Group, the Saudi investment arm of the Public Investment Fund (PIF), has announced the acquisition of Niantic, Inc.’s gaming division by Scopely for $3.5 billion. This strategic move underscores
The Oman Investment Authority (OIA) has announced its investment in Tidal Vision, a U.S.-based company specializing in technology and biopolymers, as part of a $140 million Series B funding round. OIA is one of
Yalla Group Limited announced its financial results for 2024, reporting revenues of AED 1.2 billion (approximately $339.7 million), a 6.5% increase compared to AED 1.1 billion in 2023. The fourth quarter of the year saw strong revenue growth of 12.2%,
Welcoming New Investors from France, Luxembourg, Mauritius, Kuwait, and KSA. Abu Dhabi, 12 March 2025 – Phoenix Venture Partners (“PVP”) announced on 19 February 2025 the successful second closing of its fund, Phoenix
The Public Investment Fund (PIF) has announced the launch of Al Wahah Duty-Free, Saudi Arabia’s first locally owned duty-free retail operator specializing in travel retail. The company aims to become a leader in
The Dubai Land Department (DLD) has signed a cooperation agreement with REACH to launch the “REACH Middle East” real estate accelerator program. The initiative aims to attract proptech (property technology)
The General Authority for Small and Medium Enterprises (Monsha’at) has announced that 5 Saudi startups have achieved unicorn status with valuations exceeding $1 billion, while 35 more startups are on
Businessman Yazid Al-Rajhi announced that Details Real Estate Company aims to inject investments ranging between 7 to 10 billion riyals over the next five years, targeting the provision of 5,000
Spiritus, a U.S.-based climate technology company specializing in Direct Air Capture (DAC), has announced the closure of a $30 million Series A funding round led by Aramco Ventures, with participation
Darwinbox, a global leader in HR technology solutions, has announced the closure of a $140 million funding round led by Partners Group and KKR, with participation from Gravity Holdings. Jayant
LoftyInc Capital, a firm specializing in supporting startups, has announced the closure of its third investment fund, LoftyInc Alpha, at $43 million. The fund aims to invest in startups at
The Khalifa Fund for Enterprise Development has announced the continuation of its new financing packages as part of its ongoing programs to support Emirati entrepreneurs with startups and existing projects
Saudi Venture Capital (SVC), an initiative of the Social Development Bank in Saudi Arabia, has announced its investment in the Artal Growth Opportunities Fund, managed by Artal Capital, a private
The Qatar Research, Development, and Innovation Council has launched a new grant titled “Business Development Grant for Startups” during the Qatar Web Summit 2025. The grant aims to support early-stage
California, USA – Anthropic, a leading artificial intelligence company, has announced the closure of its Series E funding round, raising $3.5 billion at a valuation of $61.5 billion. The funding
Riyadh, Saudi Arabia – The Saudi Public Investment Fund (PIF), valued at $925 billion, has temporarily suspended awarding consulting projects to PricewaterhouseCoopers (PwC) for one year, until February 2026. However,
The UAE’s “100 Future Companies” initiative, led by the Ministry of Economy and the Office of Government Development and the Future, unveiled its 2024 list of top startups during the
The Madinah Angels initiative has been launched in Medina through a collaboration between Value Makers Studio, Madinah Chamber of Commerce, and numu Angels Investment Community. The initiative aims to foster
Joa Capital has announced the launch of a new $80 million investment fund in partnership with Buildnow Trading, aimed at addressing the needs of the construction sector. Joa Capital invests
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