Wamda

Saudi Arabia

Al Madinah Ventures launches to unlock untapped potential of the city

Saudi Arabia’s Value Makers Studio, in collaboration with the Economic Development Centre and the Madinah Chamber of Commerce, has...

Al Madinah Ventures Value Makers Studio

Oman

Oman Investment Authority invests in Elon Musk’s xAI

Oman Investment Authority (OIA) has invested in Elon Musk’s artificial intelligence startup, xAI, acquiring an undisclosed...

xAI Oman Investment Authority Elon Musk

Saudi Arabia

OmniOps raises $8 million to expand AI infrastructure offerings

Saudi Arabia-based AI infrastructure technology provider OmniOps has raised an $8 million funding round from GMS Capital...

OmniOps AI GMS Capital Ventures

Iraq

The Netherlands commits $2.7 million to IVP to back Iraqi entrepreneurs

Iraq Venture Partners (IVP) has secured $2.7 million from the Kingdom of the Netherlands for the second phase of the Orange Corners...

Iraq Venture Partners IVP Orange Corners Innovation Fund

Saudi Arabia

SVC pledges investment in MEVP’s $150 million fund

Saudi Venture Capital (SVC) has committed an investment in MEVP’s $150 million fund for an undisclosed value. Middle East...

MEVP SVC Middle East Venture Fund IV

U.A.E

CredibleX secures $55 million Seed in both equity, debt

UAE-based fintech CredibleX has raised $55 million Seed funding, comprising both equity and debt. This financial backing comes...

CredibleX Further Ventures Fintech

Jordan

InvoiceQ closes $1.2 million pre-Series A round to accelerate GCC expansion

Jordan-headquartered SaaS provider startup InvoiceQ has raised a pre-Series A funding round of $1.2 million, backed by Oasis 500, Orange...

InvoiceQ SAAS Oasis 500

U.A.E

Revibe secures $7 million Series A to expand into emerging markets

UAE-based refurbished electronics marketplace Revibe has closed its Series A of $7 million in a round co-led by ISAI and Resonance and...

Revibe E-commerce

Regional

Anghami wraps up 2024 with additional $55 million investment from OSN

Lebanon-founded music streaming app Anghami Inc. has secured a $55 million funding round from OSN Group, $12 million of which is an...

anghami OSN+

U.A.E

Klickl closes $25 million Series A at $125 million valuation

UAE-based Web3 banking startup Klickl has closed a $25 million Series A funding round at a valuation of $125 million. The round was...

Klickl Web 3.0 Fintech

U.A.E

Astra Tech’s Quantix secures $500 million debt financing from Citi

UAE-based fintech Quantix Technology Projects LLC, a subsidiary of Astra Tech, has secured $500 million in asset-backed securitisation...

Astra tech Quantix Citi

U.A.E

UAE-based biotech BioSapien secures $5.5 million pre-Series A

UAE-based healthtech BioSapien has raised $5.5 million pre-Series A fundraise, led by Global Ventures with participation from Dara...

BioSapien Global Ventures Dara Holdings

Morocco

Z raises $1.5 million Seed to revolutionise Morocco’s FMCG sector

Morocco-based B2B marketplace ZSystems has closed a $1.5 million Seed funding round, led by Morocco-based VCs—MNF Ventures...

ZSystems MNF Ventures WitaMax

U.A.E

DeChat raises $1 million from Mindspace Solutions

UAE-based Web 3.0 social network DeChat has raised $1 million in a funding round led by Mindspace Solutions. DeChat develops a...

DeChat Mindspace Solutions Web 3.0

U.A.E

Wellness app “Better” closes $550,000 pre-Seed led by Salica Spring Studios

UAE-based men’s wellness app Better has raised a $550,000 pre-Seed round led by Salica Spring Studios’ fund, backed by...

Better healthtech

U.A.E

BuyAnyAutoPart secures $750,000 pre-Seed

UAE-based B2B autotech BuyAnyAutoPart has secured $750,000 in pre-Seed funding from Galadari Brothers, 6G Capital, and other undisclosed...

BuyAnyAutoPart autotech Galadari Brothers

Tunisia

Tunisia’s Konnect secures undisclosed funding from Renew Capital

Tunisia-based fintech Konnect has secured a funding round from Renew Capita for an unknown amount. Founded in 2021 by Amin Ben...

Konnect Fintech Renew Capital

U.A.E

Wamda Capital participates in Wafeq’s $7.5 million Series A round

UAE-based fintech Wafeq has raised $7.5 million in a Series A funding round. The round is led by 9900 Capital, with participation from...

Wafeq Fintech Wamda Capital

U.A.E

Iliad Partners launches $50 million MENA-focused VC Fund

UAE-based venture capital firm Iliad Partners has announced the launch and first close of its $50 million Iliad Partners Tech Ventures...

Iliad Partners Jada Fund of Funds

United States

USA's PLATMA expands to MENA after raising $2.2 million pre-Seed

USA-based AI business automation platform PLATMA is planning to enter the MENA market after securing a $2.2 million pre-Seed funding...

PLATMA AI

Saudi Arabia

Saudi Arabia’s Abikhdmh closes $800,000 Seed round

Saudi Arabia-based services platform “Abikhdmh” has raised $800,000 Seed round, backed by a group of undisclosed...

Abikhdmh

Saudi Arabia

AlGooru lands $4 million in a pre-Series A round

Saudi Arabia-based edtech AlGooru has raised $4 million in a pre-Series A funding round through a combination of debt and equity...

AlGooru Constructor Capital

Qatar

Hudhudshop raises six-figure pre-Seed round

Qatar-based e-commerce platform Hudhudshop has closed a six-figure dollar pre-seed funding round from undisclosed investors. Launched...

Hudhudshop E-commerce

Regional

MENA startups raised $258 million in November 2024, a 90% MoM growth

As Q4 2024 almost comes to an end, tech startups in the Middle East and North Africa (MENA) demonstrated significant momentum, securing an...

Investment

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