Wamda

Saudi Arabia

Unifonic launches accelerator programme in partnership with The Space

Saudi Arabia-based customer engagement platform Unifonic, has launched an accelerator programme called UnifonicX, in partnership with...

UnifonicX acceletator Unifonic

Saudi Arabia

Elevatus raises $10.5 million Series A round

Saud Arabia-based recruitment platform Elevatus has completed a $10.5 million Series A round, co-led by Global Ventures and Wa’ed...

Elevatus Global Ventures Wa’ed Ventures

Saudi Arabia

erad raises $2.4 million pre-Seed round

Saudi Arabia-based fintech erad, has raised a $2.4 million pre-Seed funding round, backed by UAE-based Nuwa Capital and VentureSouq, as...

erad Nuwa capital VentureSouq

Saudi Arabia

TruKKer raises $100 million pre-IPO round

Saudi Arabia-based digital freight network TruKKer, has raised $100 million in a pre-IPO round, led by Bahraini investment firm...

Trukker Investcorp freight

Saudi Arabia

Aramco’s Wa’ed Ventures co-invests €13 million Series A round in OQ Technology

Luxembourg-based 5G satellite operator OQ Technology, has closed a €13 million Series A funding round co-led by Saudi...

Wa’ed Ventures Aramco OQ Technology

Saudi Arabia

Tamara raises $100 million Series B round

Saudi Arabia-based fintech Tamara has raised $100 million in a Series B equity round from investors including Sanabil Investments,...

Tamara BNPL

Regional

Mena to witness more than 45 unicorns by 2030, STV report

Mena is set to witness the birth of more than 45 unicorns in the next eight years, with an estimated total equity value to reach more...

STV Fintech Unicorn

Saudi Arabia

KABI acquires HR tech startup BLOOVO

Saudi Arabia-based human resources (HR) consultancy firm KABI Technologies, has acquired AI-powered recruitment solutions provider...

HR tech

Saudi Arabia

Barakah raises $300,000 pre-Seed round

Saudi Arabia-based food delivery startup Barakah has secured $300,000 in a pre-Seed round from Alriyadah Investments. Founded in 2021...

Barakah Alriyadah Investments Food & Beverage

Egypt

Homzmart raises $23 million pre-Series B round

Egypt-based furniture and home supplies marketplace Homzmart, has raised a $23 million pre-Series B round from STV, Impact46, Outliers...

Homzmart

Saudi Arabia

Saudi Arabia’s AlGooru raises $1.8 million Seed round

Saudi Arabia-based edtech AlGooru, has raised $1.8 million in a Seed round from RAZ Group, RZM Investment, 100 Ventures, RAY Investment,...

AlGooru EdTech RAZ Group

Saudi Arabia

SVC Invests in the first venture debt fund

Saudi Venture Capital (SVC) has invested in a venture debt fund managed by Partners for Growth. The fund focuses on offering...

SVC Saudi Arabia Partners for Growth (PFG)

Saudi Arabia

Nama Ventures invests in US-based IT startup Brev.dev

Saudi Arabia-based VC firm Nama Ventures has invested an unknown amount in US-based containers for development Brev.dev. Founded in...

Nama Ventures Brev.dev

Saudi Arabia

BIM Ventures launches $32 million BIM Investments II

Saudi Arabia-based VC venture studio BIM Ventures has announced the launch of its second VC fund “BIM Investments II” with a...

BIM Ventures BIM Investments II Venture Capital

Egypt

Saudi’s T2 signs investment agreements with Fawry, Khazna, Khwarizmi Ventures

Saudi Arabia-based Business Research and Development Company (T2) signed an investment and partnership agreement with Egypt’s...

Mohammed Bin Salman Khazna fawry

Saudi Arabia

Kleen bags $2 million to digitise local laundry market

KSA-based SaaS startup Kleen, has raised a $2 million (SAR 7.5 million) Seed round from Plus Venture Capital (+VC), and...

Kleen

Egypt

valU sells minority stake to Alhokair family

Egypt-based fintech valU has sold a minority stake of 4.99 per cent to members of Saudi Arabia’s Alhokair family for $12.4...

valu Alhokair EFG Hermes

Saudi Arabia

Torod raises $1.33 million Seed round led by IMPACT46

Saudi Arabia-based logistics platform Torod, has raised a $1.33 million Seed round led by IMPACT46 with participation from local...

Torod Impact46 Seedra Ventures

Saudi Arabia

Wa'ed leads $50 million Series B round for US-based fintech startup Wahed

Wa’ed, Saudi Aramco’s Entrepreneurship Centre, has led a $50 million Series B round for US-based fintech app Wahed, which...

Wa'ed Wahed

Kuwait

Saudi Jadwa acquires majority stake in Kuwait’s Dabdoob

Saudi Arabia-based Jadwa Investment has acquired 70 per cent of Kuwaiti company Dabdoob Holdings, marking Jadwa’s first regional...

Jadwa Investment Dabdoob

Egypt

valU expands to Saudi market through partnership with Alhokair

Egypt-based fintech valU, has extended its services to Saudi Arabia through a partnership with FAS Labs, owned by Fawaz Abdulaziz...

valu BNPL Alhokair

Saudi Arabia

Hyperpay raises $36.7 million led by Mastercard

KSA-based fintech HyperPay has raised $36.7 million in a funding round led by Mastercard, with participation from Amwal Capital Partners...

hyperpay MasterCard

Saudi Arabia

Tarabut Gateway partners with four Saudi banks as open banking nears

Bahrain founded and UAE-based open banking platform Tarabut Gateway has partnered with four banks in Saudi Arabia, including Riyad Bank,...

Tarabut Gateway Open banking

Saudi Arabia

STC, Alibaba to launch Alibaba Cloud in Saudi Arabia

Saudi Arabia’s national telecoms provider STC Group has partnered with China’s Alibaba Group to establish Alibaba Cloud for...

STC Alibaba Alibaba Cloud

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