The company applies a fresh lens to parametric insurance to automatically cover the operational and financial impact of cloud service interruptions. Dubai, UAE: Cloud infrastructure has become the backbone of modern business. Yet when cloud services fail, the financial consequences are often immediate and severe, while protection remains limited or nonexistent. Mantas was founded on the belief that […]
Dubai, UAE – Juspay, a global leader in payment infrastructure for enterprises and banks, today announced that it has secured $50 million in a Series D follow-on round, led by WestBridge Capital. The transaction is a mix of Primary and Secondary investments, that values Juspay at $1.2 billion. The secondary component provides liquidity to early investors […]
AppliedAI leverages new backing from Mubadala’s “MENA Venture Capital Fund” and Arbor Ventures to drive scale and international expansion of its flagship Opus platform, enabling AI deployment across mission-critical industries ABU DHABI, UAE – Applied AI, the Abu Dhabi based artificial intelligence startup building AI-native workflow solutions for regulated industries, announced that is has successfully completed a […]
Dubai-based restaurant reservation and guest management platform Eat App has raised $10 million in a Series B extension round led by PSG Equity, via its portfolio company Zenchef SAS, as it sharpens its focus on India as a core growth market. The extension round is larger than Eat App’s original $6 million Series B in […]
Istanbul — Dataroid, an AI-powered digital analytics and customer engagement platform, announced that it has completed a US $6.6 M Pre-Series A investment round led by the FinAI Venture Capital Fund of Tacirler Asset Management with participation from the Tacirler Asset Management Future Impact Venture Capital Fund and Endeavor Catalyst. Founded by Fatih İşbecer, Elif Parlak, and Can Elmas, […]
Dubai, United Arab Emirates — OpenCX, an AI-native enterprise customer communication platform, has raised $7 million in a funding round led by Y Combinator (participating for the second time) and X by Unifonic, with participation from MENA’s leading investment firm Shorooq – an Abu Dhabi-headquartered investment firm regulated by the FSRA as a Fund Manager and […]
Investment reinforces CE‑Ventures’ strategy of supporting globally competitive, R&D‑led biotech ventures Category-leading synthetic biology‑driven drug discovery company supported by leading international venture capitalists Sharjah, United Arab Emirates – CE‑Ventures, the corporate venture capital platform of Crescent Enterprises, today announced its participation in the Series A funding round for Think Bioscience (“Think Bio”), a biotechnology company pioneering […]
MANAMA, BAHRAIN – Flooss, Bahrain’s leading Sharia-compliant digital consumer financing platform, has secured a $22 million credit facility, structured by Shorooq, a leading Abu Dhabi-headquartered investment firm regulated by the FSRA as a Fund Manager. This strategic investment is designed to fuel Flooss’s growth and scale its instant, shariah-compliant lending solutions to the region’s rapidly growing, digitally […]
Abu Dhabi–based fintech startup Mal, founded by Abdallah Abu-Sheikh, has raised $230 million in a seed funding round, marking the largest seed-stage investment ever recorded in the MENA region. The round was led by BlueFive Capital, an investment firm founded in 2023 by former Investcorp executive Hazem Ben-Gacem. BlueFive Capital manages more than $4 billion […]
Phaze Ventures today announced our participation in eMushrif’s $7.5 million funding round, backing the team again as they accelerate their next phase of growth. The round was led by Jasoor Ventures and also saw participation from Annex Investment, Ithca Group, IDO Investment, and a number of other prominent private investors. The company currently serves more than 120,000 students across public and private schools […]