A new milestone for Morocco’s startup ecosystem: ORA Technologies and Azur Innovation Fund have joined forces to acquire Cathedis, a leading national player in e-commerce logistics and last-mile delivery. This transaction marks the first-ever consolidation deal between Moroccan startups, financed exclusively with local capital. It positions ORA as a central player in Morocco’s e-commerce and […]
DUBAI – The Lab Ventures, an operational venture capital firm with offices in Madrid and Dubai, announces the successful close of its second fund at AED 124 million (€29.1 million), positioning the firm to accelerate B2B digitization across the MENA and European markets, with a particular focus on PropTech, HealthTech, and AI-enabled professional services. The fund […]
Mubadala Capital, a subsidiary of Abu Dhabi’s Mubadala Investment Company, has led a $1.4 billion funding round for data centre start-up Crusoe, according to a Financial Times report. Mubadala Capital, along with US investment firm Valor Equity Partners, took the lead in the oversubscribed equity fundraising round, which has resulted in Crusoe more than tripling […]
Early investor and enterprise software veteran Ragy Thomas joins as Chairman and Co-CEO to lead go-to-market expansion as UnifyApps redefines how enterprises operationalize and scale GenAI for transformational business outcomes. Dubai, United Arab Emirates; Enterprises have spent decades becoming digital. Now, they must become AI-native. UnifyApps, the company building the Enterprise Operating System for AI, today […]
The investment reflects shared values of trust, transparency, and innovation between both companies. DUBAI, UNITED ARAB EMIRATES: Property Finder, the MENA region’s largest property platform, has announced its investment in Stake, reinforcing its commitment to supporting the growth of innovative technology companies that are transforming the region’s real estate sector. Stake, one of the Middle East’s […]
Muscat, Oman: Oman-based KitchenomiKs, the fastest-growing food technology company from Oman, has secured a new funding round led by Jasoor Ventures, bringing its total raised capital to $6.7 million. Founded in 2022, KitchenomiKs has so far delivered over one million meals across Muscat through its central kitchen and satellite network. The company operates 13 proprietary virtual […]
Madica, a structured investment program for pre-seed African startups, has announced new investments in two AI-powered companies: Anavid and Hypeo AI. Each company has secured up to $200,000 in funding and will join Madica’s 18-month program, which offers a tailored curriculum, hands-on mentorship, executive coaching, and two fully-funded immersion trips to key technology ecosystems, both locally and internationally. […]
DUBAI, UNITED ARAB EMIRATES: Property Finder, the MENA region’s leading property platform, announced today that it has entered into an agreement with Ares Credit funds (“Ares”) in connection with a $250 million debt financing commitment. “This financing marks another important milestone in our journey to build the region’s most trusted and intelligent property platform,” said […]
1001 AI, a deep-tech startup dual-headquartered in London and Dubai and founded by Bilal Abu-Ghazaleh, has raised $9 million in a seed funding round led by CIV, General Catalyst, and Lux Capital, with participation from Chris Ré, Amjad Masad (Replit), Amira Sajwani (DAMAC), Khalid Bin Bader Al Saud (RAED Ventures), and Hisham Al-Falih (Lean Technologies). […]
Cercli’s revenue grows 10x in the past 12 months as enterprises embrace generational shift to singular AI-native systems of record across their HR tech stack. Cercli processes over $100 million in payroll across 50+ countries Picus Capital’s first Middle East & North Africa investment signals major VC confidence in MENA tech ecosystem Funding will accelerate […]