Wamda

Saudi Arabia

Saudi Arabia deploys $120 million to boost gaming, esports industry

Saudi Arabia’s National Development Fund (NDF) and the Social Development Bank (SDB) will jointly establish two venture capital...

National Development Fund Social Development Bank Gaming and Esports Financing Programme

Saudi Arabia

Zetta Technologies closes $1.5 million pre-Seed

Saudi Arabia-based device as a service (DaaS) provider Zetta Technologies has closed a $1.5 million pre-Seed round led by Core...

Zetta Technologies DaaS Core Vision

Saudi Arabia

BRKZ secures $8 million Series A round

Saudi Arabia-based construction tech (contech) BRKZ has secured an $8 million Series A, co-led by 9900 and BECO Capital, with...

BRKZ Leap24 contech

U.A.E

RemotePass secures $5.5 million in Series A

UAE-based HRtech RemotePass has raised $5.5 million in a Series A funding round, led by 212 VC. Other participating investors include...

RemotePass HRtech 212 VC

Saudi Arabia

Buildnow secures $9.4 million in Seed funding

Saudi Arabia-based proptech Buildnow has raised $9.4 million in Seed funding. The round was a mix of equity ($6.5 million) and debt...

Buildnow Raed Ventures Khwarizmi Ventures

Saudi Arabia

Saudi Arabia’s Salla raises $130 million pre-IPO investment

Saudi Arabia-based SaaS provider Salla has raised a $130 million pre-IPO investment round, led by Investcorp, along with Sanabil...

Salla Investcorp Sanabil Investments

Saudi Arabia

Extend Group, Rassanah Financial launch $26.6 million fund to support Saudi SMEs

Saudi Arabia-based companies Extend Group and Rassanah Financial have united to launch a $26.6 million Extend Fund (SAR100 million) to...

Extend Group Extend Fund Rassanah Financial

Regional

Mena startups raised $88.7 million in February 2024

Startups in the Middle East and North Africa (Mena) region raised $88.7 million across 37 deals, a modest growth of just two per cent...

Investment

U.A.E

UAE's CAI Concierge AI raises undisclosed investment round

UAE-based AI startup CAI Concierge AI has raised an undisclosed investment, led by Enlightened Minds and VC SILA. Founded in...

CAI Concierge AI Artificial intelligence

Qatar

Qatar's tech sector takes centre stage at Web Summit 2024

The recent Qatar Web Summit witnessed the unveiling of initiatives set to revolutionise Qatar's startup ecosystem, heralding potential...

Web Summit qatar

U.A.E

COTU Ventures launches $54 million fund to back early-stage startups

UAE-based early-stage VC firm COTU Ventures launched a $54 million inaugural fund, which aims to support startups in the Middle East...

COTU Ventures

Egypt

Egyptian fintech MoneyHash closes $4.5 million Seed round

US-based Egyptian fintech MoneyHash has raised a $4.5 million Seed funding round, co-led by COTU Ventures and Sukna Ventures, with...

MoneyHash

Bahrain

Glamera secures $350,000 investment through Beban TV show

During participation in the Beban TV show, Saudi Arabia-based SaaS platform Glamera raised a $350,000 investment from Hope Ventures, the...

Glamera Beban Hope Ventures

Egypt

Acasia Ventures invests in Kenya’s tappi

Egypt-based venture capital firm (VC) Acasia Ventures has joined a $1.5 million pre-Seed funding round for Kenyan e-commerce enabler...

tappi Acasia Ventures

Saudi Arabia

CoreVision acquires VeFund to boost startup ecosystem

Saudi Arabia-based investment firm CoreVision has acquired a strategic stake in the Mena-focused investment management...

CoreVision VeFund

U.A.E

Social app Hayi raises undisclosed Seed round

UAE-based social networking app Hayi has secured an undisclosed amount in a Seed round from Plus VC, with participation from other...

Hayi

Egypt

UAE to invest $35 billion in Egypt’s Ras El-Hekma

Abu Dhabi’s investment and holding company, ADQ, has inked a deal with the Egyptian government to invest $35 billion in the...

Ras El-Hekma ADQ North Coast

U.A.E

Edtech Thiqa Tutoring raises $300,000 during Beban TV show

UAE-based edtech Thiqa Tutoring has raised a $300,000 investment from Hope Ventures, the investment arm of Bahrain’s Hope Fund,...

Thiqa Tutoring Beban Hope Ventures

U.A.E

DFDF joins Partech Africa II's $300 million second close

The UAE's Dubai Future District Fund (DFDF) has participated in the second close of pan-African fund Partech Africa II at $300...

Partech Africa II Fund Partech africa

Saudi Arabia

PhysioHome wraps up undisclosed Seed round

Saudi Arabia-based healthtech PhysioHome has wrapped up a Seed round for an undisclosed value, backed by unnamed angel...

PhysioHome healthtech

U.A.E

The Cloud raises $12 million Series B, acquiring UK's KBOX

UAE-based cloud kitchen The Cloud has raised $12 million in funding from MENA Moonshots as part of the $30 million Series B it is trying...

The Cloud foodtech cloud kitchen

U.A.E

GameCentric secures $1.5 million in funding

UAE-based gaming platform GameCentric has raised $1.5 million in capital from angel investor, Bilal Merchant. Founded in 2023 by...

GameCentric Gaming Web 3.0

Saudi Arabia

PIESHIP raises undisclosed pre-Seed round

Saudi Arabia-based logistics startup PIESHIP has closed an undisclosed pre-Seed investment round by SEEDRA Ventures, Nama Ventures, and...

PIESHIP Nama Ventures Seedra Ventures

U.A.E

Exverse lands $3 million investment

UAE-based Web3 gaming platform Exverse, has raised a private funding round of $3 million, led by Cogitent Ventures, Cointelligence, and...

Exverse Gaming Web3

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