Wamda

U.A.E

Verofax secures $3 million in bridge round

UAE-based Web3 services provider Verofax has raised $3 million in bridge round, led by King Abdullah University for Science and...

Verofax Web3

U.A.E

myco concludes first close of Series A round at $10 million

UAE-based Web3 streaming platform myco has completed the first closing of its Series A funding of $10 million at a post-money valuation...

myco Web3

Regional

Gulf investors launch $200 million Waad Investment firm to support regional startups

A coalition of investors and GCC-based family offices have launched “Waad Investment," an investment firm with a...

Waad Investment

Bahrain

Tenmou invests in Bahrain’s Tajweed, Travilege

Bahrain-based Tenmou angel investment company has invested in two Baharini startups, Tajweed and Travilege. Founded in 2021 by...

Tenmou Tajweed Travilege

U.A.E

Powder Beauty raises undisclosed pre-Series A round

UAE-based e-commerce platform Powder Beauty has closed its pre-Series A funding round at an undisclosed value, led by Sophia Collective...

Powder Beauty E-commerce Beauty and Wellness

Egypt

KBW Ventures debuts in Egypt by investing in NoorNation

Egypt-based climatetech NoorNation has received an undisclosed investment from KBW Ventures, founded by Saudi Prince Khaled bin...

NoorNation KBW Ventures Khaled bin Alwaleed

Pakistan

Pakistan’s PostEx to expand into GCC after securing $7.3 million pre-Series A

Pakistan-based fintech PostEx has raised a $7.3 million pre-Series A funding round, led by Conjunction Capital, along with Dash...

PostEx Sanabil500

U.A.E

Blockchain Centre, Gate Ventures launch $100 million fund to drive Web 3 innovation

Singapore-based Gate Ventures, the VC arm of Gate.io, and the Blockchain Centre in Abu Dhabi have launched a $100 million fund to drive...

Gate Ventures Blockchain Centre Falcon Gate Ventures

Saudi Arabia

Asas closes $320,000 pre-Seed to propel Resquad AI platform development

Saudi Arabia-based IT services provider Asas Specialised Information Technology has raised $320,000 pre-Seed investment for its flagship...

Asas Specialised Information Technology Resquad AI

Saudi Arabia

Resal garners $9 million investment to accelerate growth within the Kingdom

Saudi Arabia-based e-gifting platform Resal has closed a $9 million Series A round. The round was backed by Derayah Ventures Fund,...

Resal Derayah Ventures Fund

Saudi Arabia

Saudi foodtech Yalla Plus closes $2.7 million Seed round

Saudi Arabia-based foodtech Yalla Plus has closed a Seed investment round of $2.7 million, led by Merak Capital, with participation from...

Yalla Plus foodtech Merak Capital

Saudi Arabia

Mithu secures $500,000 pre-Seed from Adaverse

Saudi Arabia-based loyalty platform aggregator Mithu has raised a $500,000 pre-seed round backed by the Web3 venture builder...

Mithu Adaverse

U.A.E

Yuze secures $30 million investment to fuel regional expansion

UAE-based fintech Yuze has raised $30 million in investment led by Osten Investments. Founded in 2022 by Rabih Sfeir, Yuze...

Yuze Fintech Osten Investments

Kuwait

Kuwait’s Kem secures $3 million investment from Tether

Kuwait-based fintech Kem has raised a $3 million investment from Tether, bringing the total investment Kem raised to date to $4.5...

Kem Fintech Tether

U.A.E

MealPlanet raises $6 million Seed led by MEVP

UAE-based foodtech MealPlanet has secured $6 million in a Seed round, led by regional Middle East Venture Partners (MEVP), AlTouq Group,...

MealPlanet MEVP foodtech

Saudi Arabia

Saudi Arabia’s Athir raises new investment round

Saudi Arabia-based healthtech Athir has raised its first investment funding round at an undisclosed amount, backed by Wa’ed...

Athir Wa'ed Ventures

Regional

MENA startups raise $355 million in July 2024, recording 206% MoM growth

The amount invested in the Middle East and North Africa (MENA) startups rebounded in July 2024, recording $355 million raised by...

Investment

Saudi Arabia

TWLM secures $270,000 investment to strengthen position in Saudi Arabia

Saudi Arabia-based food pick-up app TWLM has raised $270,000 in investment, led by B Group with contributions from angel...

TWLM f&b

Egypt

Egyptian fintech Lucky ONE raises $3 million in convertible note

Egypt-based fintech Lucky ONE has raised $3 million in a convertible note from Lorax Capital Partners, KEM, DisrupTech Ventures and...

Lucky ONE Fintech Lorax Capital Partners

Egypt

Egypt’s T-Vencubator launches new initiative to fund five local startups

Egypt-based VC-incubator T-Vencubator has launched its inaugural initiative "Where's the Problem?" to back the Egyptian...

T-Vencubator

Saudi Arabia

Saudi Arabia’s Blend closes $1.3 million pre-Seed round

Saudi Arabia-based SaaS provider Blend has raised $1.3 million in a pre-Seed investment round, backed by an undisclosed group of angel...

Blend SAAS

Egypt

Egypt’s Qardy secures seven-digit pre-Seed

Egypt-based fintech Qardy has raised a USD seven-figure pre-Seed round, invested by White Field Ventures, Vastly Valuable Ventures,...

Qardy Fintech White Field Ventures

U.A.E

Oraseya Capital invests in seven startups through SANDBOX accelerator

UAE-based SANDBOX, the accelerator programme backed by Oraseya Capital, has celebrated the graduation of seven startups as part of its...

Oraseya Capital Sandbox accelerator

Saudi Arabia

Saudi deeptech Intelmatix scores $20 million Series A

Saudi Arabia-based deeptech AI company Intelmatix has closed a $20 million Series A funding round, led by Shorooq Partners and joined by...

Intelmatix Deep-tech AI

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