Wa’ed Ventures, Saudi Aramco’s $500 million venture arm, has invested $15 million in South Korean chipmaker Rebellions Inc., marking its first investment in South Korea and aiming to advance the AI industry in Saudi Arabia. The investment will help Rebellions, which is partnering with Samsung Electronics to develop a generative AI chip, establish a new […]
Morocco-based influencer marketing startup Hypeo Ai has secured an undisclosed investment from Renew Capital to scale its AI-powered influencer marketing platform. Founded in 2024 by Meriam Bessa, Oussama Sekkat, and Salah Eddine Mimouni, the startup helps brands and creators connect in under 15 minutes, with tools for matching, pricing, and real-time campaign tracking. The funding […]
Professional.me, an AI-powered platform redefining how companies match and manage talent, has closed a US$3.1 million seed round, led by Raha Beach Ventures, bringing total funding to US$4.6 million. Professional.me introduces a breakthrough approach: personalized micro-LLMs, custom-trained language models for both employers and professionals. These tailored models deeply understand context and nuance, enabling smarter, faster, and […]
Dubai-based Coraly.ai, formerly known as Coralytics, has secured $2 million in pre-seed funding to accelerate product development and expand into new markets. The round was led by Salica Oryx Fund, a MENA-focused early-stage investment vehicle managed by Salica Investments, with participation from EQ2 Ventures and a group of strategic angel investors. Coraly.ai offers an AI […]
Sellers can tap rental platform’s thousands of global users Dubai, United Arab Emirates – MYCRANE Trading, a newly established crane sales, leasing and maintenance services provider, based in Jebel Ali Free Zone, Dubai, today announced the successful closing of a USD 50 million investment deal with a DIFC-based investment holding company. In partnership with MYCRANE, the first […]
Cairo, Egypt – Egyptian grocery delivery startup Breadfast has raised $10 million from the European Bank for Reconstruction and Development (EBRD) as part of its Series B2 funding round, bringing its valuation close to $400 million. The round was led by Novastar Ventures and aims to scale operations across Egypt, including the expansion of fulfilment […]
KARACHI – UAE-based technology company Yango Group, through its $20 million corporate venture arm Yango Ventures, has acquired a stake in Pakistani fintech Trukkr, marking its first investment in the country. Trukkr, founded in 2019, serves Pakistan’s $35 billion logistics market by digitizing operations for over 20,000 drivers and more than 100 enterprise clients. The […]
F6 Group launches F6 Ventures, a new seed-stage investment firm, alongside Flat6Labs, to support startups across the Middle East and Africa. The newly launched VC fund will manage six funds with over $90 million in assets under management (AUM), focusing on seed and early-stage investments. F6 Ventures will address funding gaps in emerging ecosystems, focusing on […]
Alaan, a UAE-based spend management platform, announced Tuesday that it has raised $48 million in an oversubscribed Series A funding round to accelerate its expansion in Saudi Arabia and enhance its suite of artificial intelligence (AI)-powered finance automation tools. The company had previously raised $7.5 million across its Seed and Pre-Series A rounds. Funding details The round was […]
Investment led by 4DX Ventures, Camel Ventures, and Plus VC to power Suplyd’s next growth phase beyond distribution. The round also includes participation from Seedstars and existing investors as Suplyd gears up to expand across Egypt and scale new services. Cairo, Egypt – Suplyd, the Cairo-based digital procurement platform for restaurants, announced the successful raise of […]