Fremont, CA/Abu Dhabi, United Arab Emirates: Water Harvesting Inc. (WaHa) announced the close of an $8 million Series A-1 financing and corporate reorganization. The round was led by Chairman Mike Phillips and Board member Christian Thirion, with participation from WaHa’s largest noteholders and investors including Berkeley Catalyst Fund, Anthropocene Institute, Vestafund, and Mitsui Mining & Smelting […]
UAE-based icogz, a business intelligence platform, has raised $1.4 million in pre-seed funding from angel investors in the UAE and India. Founded in 2018 by Amit Tripathi and Vrutika Dawda, icogz is a business intelligence platform that mines intelligence from a brand’s data and delivers insights using algorithms and technology. Funds will support product development, expand the Aryabot AI […]
Egypt-based property technology (PropTech) platform Nawy has acquired a majority stake in SmartCrowd, a Dubai-based fractional property investment platform, marking its entry into the UAE market and broader GCC expansion. Acquisition details However, the company did not disclose other details, including the cost of acquisition. Backed by e&, Nawy’s latest move follows its $52 million Series A fundraising […]
The pioneering deep tech company behind the world’s first smart contact lenses raises $250 million at a $1.35 billion valuation to fast-track the launch of a multifunctional, AI-powered XR lens that will replace all personal devices and end the era of screens. Dubai, UAE — XPANCEO, a leading deep tech company developing the next generation of computing […]
Dubai, UAE – ASB Capital, a purpose-driven asset and wealth management firm with AUM of USD 5.2 billion, today announced the launch of the ASB MENA Equity Fund in partnership with Amwal Capital Partners Limited. The Fund is designed to deliver long-term capital growth through a high-conviction portfolio of publicly listed equities across the MENA […]
The funding round, which valued the company at $120 million, was oversubscribed, highlighting investors’ confidence in BlueFive Capital’s ambitions. 25 founding shareholders include prominent regional institutions, royal groups, and family offices Management will retain a controlling stake in the company Abu Dhabi, United Arab Emirates: BlueFive Capital, an investment platform originating from the GCC with a […]
Dubai and Madrid-based proptech company Huspy has raised $59 million in a Series B funding round led by Balderton Capital, with participation from Peak XV (formerly Sequoia Capital India and Southeast Asia), ExBorder Partners, Turmeric Capital, BY Ventures, Dara Management, and KE Partners, it announced today. The round brings Huspy’s total funding to over $100 […]
Ruya Partners, a leading private credit investment firm in the GCC, is pleased to announce the closing of a $15 million (SAR 55 million) private credit investment in TruKKer Holding Limited, the largest digital freight and logistics platform across the Middle East, North Africa, and Central Asia. The transaction marks the sixth investment from Ruya Private […]
MENA venture capital firm – which is backed by EU Pharmaceutical LPs – joins list of blue-chip shareholders. New world-class talent for BioSapien also revealed: technological, operational, and medical excellence to shape future of precision medicine Abu Dhabi, U.A.E – BioSapien (the “Company”), the pioneering biotech company behind MediChip™, a revolutionary localized cancer treatment platform – […]
Liquify announces an oversubscribed $1.5m seed round to close the $120bn African Trade Finance gap Liquify is excited to officially announce the successful close of its $1.5 million (£1.1 million)equity seed round – plus several debt commitments – to supercharge its digital invoice financing marketplace across Sub-Saharan Africa. The round was led by Africa’s top early-stage […]