Wamda

Saudi Arabia

HyperPay acquires Sanad Cash

Saudi Arabia-based fintech HyperPay has acquired compatriot Sanad Cash. The value of the transaction was not disclosed. Founded...

Sanad Cash hyperpay

Saudi Arabia

Kaso raises $10.5 million Seed round

Saudi Arabia-based foodtech Kaso, has raised $10.5 million in a Seed funding round, from Dubai-based Spade Ventures, Saudi Arabia's...

KASO Spade Ventures Y Combinator

Bahrain

Unipal raises $500,000 to support Saudi expansion

Bahrain-born startup, Unipal, has raised a $500,000 follow-on investment from Tenmou and Flat6labs, with participation from GTS and...

Unipal

Saudi Arabia

NOMU Group raises $5 million Seed round to expand product offering

Saudi Arabia-based foodtech startup NOMU, has raised a $5 million Seed round from DIV Capital, Shurfah, Core Vision, Purity for...

Nomu

Bahrain

UAE’s HashMove raises pre-Series A round led by Bunat Ventures

UAE-based logistics platform HashMove has raised an undisclosed pre-Series A round, led by Bahrain’s Bunat Ventures in...

Bunat Ventures HashMove Logistics

Saudi Arabia

Plug and Play to launch $100 million fund to invest in Saudi startups

Silicon Valley-based tech investor Plug and Play Tech Center announced that it will establish a $100 million fund to invest in Saudi...

Plug and Play

Saudi Arabia

SVC invests $30 million in Bedaya Fund II

Saudi Venture Captial (SVC) has invested $30 million in Shorooq Partner’s recently launched $150 million Bedaya Fund II. The...

SVC

Saudi Arabia

Jada Fund of Funds invests in Investcorp’s $500 million Saudi pre-IPO growth fund

Jada Fund of Funds, a subsidiary of Saudi Arabia's Public Investment Fund (PIF) has invested in Bahrain's Investorcorp, a $500...

PIF Jada Fund of Funds

Global

Saudi Arabia and South Korea launch $160 million startup fund

South Korea and Saudi Arabia have announced the creation of a joint fund worth $160 million to invest in both South Korean and Saudi...

Saudi-South Korean startup fund

Saudi Arabia

First cohort of ten startups graduates from Flat6Labs Riyadh accelerator programme

Ten startups have graduated from the Flat6Labs Riyadh accelerator programme’s first batch, with each receiving $133,000 (SAR...

Fla6tlabs Riyadh accelerator programme

Egypt

Egypt’s Rology acquires Saudi Arabia-based Arkan United

Egypt-based healthtech Rology has acquired Saudi Arabian counterpart Arkan United. The value of the transaction was not disclosed. The...

Rology

Saudi Arabia

Autobia raises $2.5 million Seed round

Saudi Arabia-based B2B automotive platform Autobia has closed a $2.5 million Seed funding round, led by Sadu Capital and supported by...

Autobia Sadu Capital Wa'ed Vnetures

Saudi Arabia

Floranow acquires Saudi Arabia's Bloomax

UAE-based B2B floral marketplace Floranow has fully acquired KSA’s wholesale distributor of fresh-cut flowers Bloomax, with the...

Floranow Bloomax

Saudi Arabia

Women in Tech programme awards $50,000 to three Saudi female-led startups

Three Saudi Arabia-based female-led startups have been awarded $50,000 in equity-free cash rewards, as part of the Standard Chartered...

women in tech Falak investment hub Standard Chartered

Saudi Arabia

How to pioneer innovation and economic transformation in Saudi Arabia

Dr. Samer Abdallah is the head of ICT Sector at KPMG in Saudi Arabia Governments worldwide are actively embracing innovation to stay...

Innovation

Saudi Arabia

Saudi healthtech Integrative Health acquires Nala

Saudi Arabia-based healthtech Integrative Health has acquired Nala, another Saudi healthtech, for an unknown sum. Founded in 2019 by...

Integrative Health Nala healthtech

Saudi Arabia

SVC allocates $7.5 million to Endeavor Catalyst fund

Saudi Venture Capital (SVC) has allocated $7.5 million to Endeavor Catalyst, the investment arm of Endeavor Global. The allocation is...

SVC Endeavor Catalyst Fund

Saudi Arabia

Saudi furniture marketplace Baytonia raises Seed round

Saudi Arabia-based furniture e-commerce platform Baytonia has closed an undisclosed Seed round, led by Khwarizmi Ventures (KV), with...

Baytonia e--commerce furniture

Saudi Arabia

Saudi fintech Wosul raises $3.2 million

Saudi Arabia-based fintech Wosul Payments has raised a $3.2 million Seed round led by Khalab’s company along with a group of angel...

Wosul Fintech وصول

Saudi Arabia

Noon lays off 10 per cent of workforce

Saudi Arabia-based e-commerce platform Noon has cut 10 per cent of employees at its Dubai office to reduce costs according to...

Noon E-commerce

Saudi Arabia

Saudi fintech Hakbah closes $2 million pre-Series A round

Saudi Arabia-based fintech Hakbah has closed a $2 million pre-Series A funding round, financed by Global Ventures and Aditum Investment...

Hakbah Fintech Global Ventures

Saudi Arabia

Saudi Arabia’s Savvy Games acquires Scopely for $4.9 billion

Saudi Arabia-based gaming platform Savvy Games Group, owned by the country's sovereign wealth fund, the Public Investment Fund...

Savvy Games Scopely

Saudi Arabia

Shaker Group acquires 10% stake in Cashew

UAE-based fintech Cashew has raised an undisclosed investment from Saudi company Shaker Group, for a 10% stake. Founded in 2019 by...

Cashew Shaker Group Fintech

Saudi Arabia

King Saud University invests in STV’s Total Growth Platform

The investment arm of King Saud University “Riyadh Valley Company (RVC)” has invested an undisclosed amount in STV’s...

King Saud University Riyadh Valley Company STV

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