Wamda

Saudi Arabia

Aya closes $7 million Series A to scale on-demand fashion model

Saudi Arabia-based e-commerce platform Aya has raised $7 million (SAR 26 million) in a Series A round, led by RAED Ventures,...

Aya Ra'ed Ventures Nuwa capital

Egypt

Edafa Venture acquires Egypt's Cyclex in six-figure deal

Saudi-Egyptian investment firm Edafa Venture has acquired Egypt-based Cyclex in a six-figure deal, facilitated by Startup Sync. Cyclex...

Cyclex Edafa Venture

Saudi Arabia

Falak Holding acquires majority stake in AI startup Kernel

Falak Holding has acquired a majority stake in AI startup Kernel, including its operations in Saudi Arabia and Jordan. Kernel develops...

Falak Holding

Saudi Arabia

Saudi proptech Jozo closes $2.2 million seed

Saudi-based Jozo has raised $2.21 million (SAR 8.3 million) in a seed round, led by Sheikh Hamad Bin Saedan Real Estate Co. as a...

Jozo Proptech

Saudi Arabia

Saudi fintech AVA targets cashless growth with Plug and Play backing

Saudi Arabia-based fintech AVA has secured an undisclosed strategic investment from Plug and Play Middle East, following its graduation...

A Virtual Advantage AVA Plug and Play

Saudi Arabia

ElGoat raises $266,000 seed to build skill-based football gaming platform

Saudi Arabia-based sportstech ElGoat has raised $266,000 in a seed round via Trigon, reaching a valuation of $2.66 million. Founded in...

ElGoat Sportstech

Saudi Arabia

Backed by Sanabil 500, Maison Safqa secures $620,000 pre-seed

Saudi-based e-commerce platform Maison Safqa has raised $620,000 in a pre-seed round, with participation from 500 Global through the...

Maison Safqa Sanabil MENA 500 Accelerator Fund

Saudi Arabia

Aramco Ventures backs Via Separations in $36 million round

Saudi Arabia's Aramco Ventures participated in a $36 million funding round for the US-based deeptech startup Via Separations,...

Via Separations Aramco Ventures

Saudi Arabia

Saudi Arabia issues first open banking license to Lean Technologies

Saudi Arabia-based fintech Lean Technologies has become the first licensed open banking provider in the Kingdom after receiving a...

Lean Technologies Open banking

Saudi Arabia

Saudi edtech GAGA secures $2.5 million in pre-Series A round

Saudi-based edtech startup GAGA has raised $2.5 million in a pre-Series A round led by Phoenix Venture Partners, bringing its total...

GAGA EdTech Phoenix Venture Partners

Saudi Arabia

Ninja explores Riyadh listing as Saudi market holds steady despite tensions

Saudi Arabia-based q-commerce startup Ninja is considering an IPO in Riyadh, as it explores listing options following strong growth and...

Ninja ipo

Saudi Arabia

Wa’ed Ventures invests in Resemble AI to combat AI-generated fraud

Wa’ed Ventures, the $500 million VC arm of Saudi Aramco, has made a strategic investment in US-based Resemble AI, a company...

Resemble AI Wa'ed Ventures

Saudi Arabia

Saudi Arabia's Infobrim secures angel funding at $3.5M valuation

Saudi Arabia-based AI startup Infobrim has secured its first strategic angel funding round at a $3.5 million valuation from unnamed...

Infobrim SAAS

Egypt

VMS to back seven Egyptian startups through new Cairo accelerator

Saudi Arabia's Venture studio Value Makers Studio (VMS) has launched VMS Accelerate in Cairo, a three-month accelerator aimed at...

VMS VMS Accelerate

Saudi Arabia

Muhlah closes $7.5 million seed led by BIM Ventures

Saudi Arabia-based fintech Muhlah has raised $7.5 million in a seed round led by BIM Ventures and Japan’s SBI Group,...

Muhlah Fintech BIM Ventures

Saudi Arabia

Rimal Semiconductors raises bridge round to scale Saudi chip design

Saudi-based chip design startup Rimal Semiconductors has secured a bridge funding round from Keheilan Asset Management and an...

Rimal Semiconductors Keheilan Asset Management

Saudi Arabia

Riyadh Valley Company launches KSU venture fund with SparkLabs

Press release: Riyadh Valley Company Launches King Saud University Venture Fund in Partnership with SparkLabs Riyadh Valley...

Riyadh Valley Company King Saud University SparkLabs

Saudi Arabia

HUMAIN takes significant minority stake in xAI through $3 billion Series E

Saudi Arabia’s HUMAIN has invested $3 billion in xAI’s Series E round, shortly before the artificial intelligence...

xAI Humain

Saudi Arabia

Saudi AI startup Deep.SA brings Vision Ventures into pre-seed round

Saudi AI startup Deep.SA has announced the participation of Vision Ventures in its pre-seed round, extending a previously raised...

Deep.SA Vision ventures

Saudi Arabia

Saudi cybersecurity startup Solidrange raises $2.4 million Seed round

Saudi Arabia-based cybersecurity startup Solidrange has raised $2.4 million in a seed round led by Sharaka Capital, with participation...

Solidrange Sharaka Capital Sadu Capital

Saudi Arabia

Saudi BNPL Madfu closes $25.5 million pre-Series A

Saudi Arabia-based fintech startup Madfu has raised $25.5 million (SAR 95 million) in a pre-Series A round led by Afaq Capital,...

Madfu BNPL

Saudi Arabia

Saudi fintech CASHIN raises $16 million Series A led by Impact46

Saudi Arabia-based fintech CASHIN has raised $16 million (SAR 60 million) in a Series A round led by Impact46. Founded in 2021 by...

CashIn Fintech Impact46

Saudi Arabia

Jazr.io closes $213K pre-seed to scale AI-powered accounting platform

Saudi Arabia-based F&B Saas platform Jazr.io has raised $213,000 (SAR 800,000) in a pre-seed round, led by unnamed angel...

Jazr.io

Saudi Arabia

Routech Express bags $1 million pre-seed

Saudi-based logistics tech startup Routech Express has raised $1 million (SAR 3.75 million) in a pre-seed funding round led by...

Routech Express Q Fund

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