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 […]
Saudi Arabia-based platform Flawless has raised $1.5 million in pre-seed funding, backed by unnamed angel investors focused on early-stage innovation. Founded by Shaimaa Alghamdi, the platform uses generative AI and social psychology to offer personalised career guidance. The company originated as a blog in 2023 and transformed into a full-fledged digital startup in 2024, targeting unmet demand […]
Saudi Arabia-based quick delivery company Ninja has officially achieved unicorn status after securing approximately USD 250 million in a funding round led by Riyad Capital, according to individuals familiar with the matter. The round values the three-year-old company at around USD 1.5 billion, making it one of the few tech unicorns in the Kingdom. Founded in 2022, Ninja offers ultra-fast delivery services […]
Manama, Bahrain – Standard Chartered, in partnership with Bahrain FinTech Bay, has announced the selection of ten promising female-led startups to join the sixth cohort of the Futuremakers Women in Tech Bahrain programme. This initiative continues to serve as a launchpad for women entrepreneurs driving innovation and impact across key sectors in the Kingdom. The programme […]