DUBAI, UAE – Middle East Venture Partners (MEVP), the pioneer and one of the largest venture capital firms in MENA, today announced its investment in AppliedAI as part of the company’s Series A funding round alongside G42, Bessemer Venture Partners, and strategic partner e&. The investment completes AppliedAI’s oversubscribed $55M Series A. AppliedAI, an Abu Dhabi-based […]
STV, MENA’s largest independent technology venture capital fund, has invested in Morni, a Saudi tech-enabled automotive services platform, from its newly launched $100 million NICE fund. The undisclosed backing reflects STV’s confidence in Morni’s vision as the company expands beyond its roots in roadside assistance to an integrated platform – now spanning roadside assistance, vehicle […]
Roomz.rent has successfully raised a pre-seed funding round led by Qora71 (Hub71-based angel investor syndicate) and other angel investors. Born in Cairo, Roomz.rent is the region’s first co-living platform, providing hassle-free, affordable, and flexible long-term room rentals starting from just 3 months. By intelligently matching tenants with ideal flatmates and offering fully managed accommodations, Roomz.rent […]
Baghdad, Iraq – Netaj, Iraq’s leading innovation and entrepreneurship platform, proudly announces the official launch of Nawat, the country’s first-ever Venture Capital (VC) Studio, marking a milestone in Iraq’s evolving startup ecosystem. Nawat, Netaj’s VC Studio, is designed to identify, support, and invest in high-potential Iraqi startups through a tailored 6-month journey that combines mentorship, product […]
Algeria-based HRTech startup Talenteo has raised a six-figure investment in a strategic funding round led by Tunisia-based venture capital firm 216 Capital Ventures. The funding will support Talenteo’s expansion into Tunisia and broader Francophone African markets, as well as accelerate the development of its AI-powered human resources platform. Founded in 2022 by Tarik Metnani and […]
Nine companies will present live at Demo Day on July 2, 2025, at Sanabil Hub in Riyadh. June 18th, 2025; Riyadh, Saudi Arabia – 500 Global, a multi-stage venture capital firm, and Sanabil Investments, a financial investment company wholly owned by the Public Investment Fund (PIF), announce the ninth batch of the Sanabil Accelerator by […]
Cairo, Egypt: CI Capital Asset Management (CIAM), Egypt’s leading asset manager and a Forbes Top 40 asset manager in the Middle East and North Africa (MENA) region, a subsidiary of CI Capital Holding (CICH.CA), is proud to announce the launch of the country’s first open-ended sustainable equity fund — the “Misr Green – Sustainability (ESG) Fund” […]
OCTA, a UAE-based fintech platform streamlining financial operations for SMEs, has announced the closing of a $20 million credit facility from the Sukna Fund for Direct Financing (SFDF). The funding will enable OCTA to embed short-term working capital financing directly into its platform, offering seamless credit access to small and medium-sized enterprises across the Kingdom. […]
UAE based SaturnX, the infrastructure provider for stablecoin-based cross-border payments, closes a $3 million seed round. The round was led by White Star Capital, with participation from strategic institutional investors. The company enables businesses and financial institutions to move money globally through an API-first platform that leverages stablecoin liquidity, smart FX routing, and regulatory-compliant payout […]
Saudi-Egyptian startup Darwinz AI raised USD 325k in a seed funding round led by Flat6Labs KSA and Glint Ventures. The round marks the company’s first institutional funding round after having until now been bootstrapped by its co-founders, co-founder Mohy Aboualam. Darwinz AI? Founded in Egypt in 2021 by Emad Elazhary and Mohy Aboualam, Darwinz AI is a startup that […]