Wamda

U.A.E

Lumi AI secures $3.7 million in a seed round

UAE-based AI startup Lumi AI has closed a $3.7 million seed funding round, led by AgFunder, with participation from Forum Ventures, Abu...

Lumi Forum Ventures AI

U.A.E

Valeo Health raises $12 million Series B, bringing total investment to $20 million

UAE-based healthtech Valeo Health has raised $12 million in its Series B funding round, bringing total funding to date to $20...

Valeo Flintera healthtech

U.A.E

Warner Bros. invests $57 million in OSN+ for minority stake

UAE-based entertainment streaming platform OSN+, a subsidiary of OSN Group, has raised $57 million from Warner Bros Discovery for...

OSN+ Warner Bros.

U.A.E

enza secures $6.75 million seed to further expand in Africa

UAE-based fintech enza has secured a $6.75 million seed equity round, co-led by Algebra Ventures and Quona Capital. Founded in 2023 by...

enzo Algebra Ventures Quona Capital

U.A.E

Nymcard closes $33 million Series B led by QED Investors

UAE-based fintech Nymcard has raised $33 miilion in series B funding round, led by QED Investors, and joined by...

NymCard QED Investors Fintech

U.A.E

ClearGrid emerges from stealth after closing $10 million dual round

UAE-based fintech ClearGrid has emerged from stealth after raising $10 million in a dual round, pre-seed and...

ClearGrid Fintech Wamda Capital

U.A.E

Yango Group launches $20 million venture fund

UAE-based tech ecosystem company Yango Group has launched Yango Ventures, a $20 million corporate venture fund designed to empower...

Yango Group Yango Ventures

U.A.E

COCA raises strategic investment to scale operations in the UAE

UAE-based non-custodial payments app COCA has raised an undisclosed investment from the Stellar Development Foundation (SDF)...

COCA

U.A.E

KBW Ventures leads PlaysOut's $7 million Seed round

UAE-based gametech PlaysOut has raised $7 million in a seed funding round at a $70 million valuation from investors,...

PlaysOut KBW Ventures gametech

U.A.E

ORO Labs secures $1.5 million pre-seed, backed by 468 Capital

UAE-based ORO Labs, a tokenised gold platform, has raised $1.5 million in a pre-seed funding round, led by 468 Capital, with...

ORO Labs 468 Capital

U.A.E

Longetivy Wellness Hub secures $4 million to fuel GCC expansion

UAE-based wellness company Longetivy Wellness Hub has raised $4 million in funding from undisclosed investors. Founded in 2019 by...

Longevity Wellness Hub healthtech

U.A.E

Phoenix Venture completes second closing of its innovation fund

UAE-based VC firm Phoenix Venture Partners has announced the second close of its $50 million Phoenix Venture...

Phoenix Venture Partners

U.A.E

KLAIM secures $26 million to boost GCC expansion

UAE-based fintech KLAIM has raised $10 million in a Series A equity funding round led by Mad’a Investments and joined by CDG...

KLAIM Mad’a Investments Fintech

U.A.E

Talabat fully acquires InstaShop for $32 million

Kuwait-born and UAE-based q-commerce and foodtech Talabat has completed the acquisition of 100% of instashop from Delivery Hero SE for...

talabat instashop

U.A.E

Capital Haus acquires strategic stake in Equity Story Group

Press release: Capital Haus, a UAE-based financial concierge firm specialising in tailored wealth management for high-net-worth...

Capital Haus Equity Story Group

U.A.E

BILRS raises funding round from Salica Spring Studios

UAE-based fintech BILRS has raised an undisclosed funding round from Salica Spring Studios, which is backed by Al-Waha Fund of...

BILRS Fintech Salica Spring Studios

Bahrain

Foras acquires 36% of Bahraini crowdfunding platform Beban

UAE-based investment firm Foras has acquired a 36% stake in Beban, a Bahrain-based crowdfunding platform, for an undisclosed...

Beban Foras

U.A.E

FanTV secures $3 million Series A to enhance AI tools for creators

UAE-based AI-powered content platform FanTV has raised $3 million in a Series A investment round from Mysten Labs, Cypher...

FanTV Mysten Labs

U.A.E

Disrupt.com pledges $100 million investment in next-generation AI startups

UAE-based venture builder Disrupt.com has pledged a $100 million commitment to build and back AI-first technology ventures...

Disrupt.com venture builder AI

U.A.E

Flow48 secures $69 million Series A in a blend of debt, equity

UAE-based fintech Flow48 has closed a $69 million Series A funding round in a mix of debt and equity. The round is led by Breega and...

Flow48 Endeavor Catalyst 212

U.A.E

Journify raises $4 million in funding, backed by Silicon Badia

UAE-based SaaS provider Journify has secured $4 million in funding, led by Silicon Badia, with participation from RZM and other...

Journify silicon badia SAAS

U.A.E

omnispay Secures $1.5 million seed led by Mercatus Capital

omnispay, a UAE-based fintech, has raised $1.5 million in a seed funding round led by Mercatus Capital Pte. Ltd., with participation...

omnispay Fintech Mercatus Capital

U.A.E

Pinewood.AI to acquire UAE’s Seez for $46.2 million

UK-based automotive intelligence platform Pinewood.AI has agreed to acquire Seez for $46.2 million in cash and shares. The share...

Seez Pinewood.AI

U.A.E

UAE’s The Box secures $12.5 million debt from Shorooq

UAE-based self-storage services provider The Box has raised $12.5 million in a debt financing led by Shorooq. Founded in 2007 by...

The Box Shorooq Logistics

Thought Leadership

All the information you need to navigate Mena's startup ecosystem

Thank you