Dubai, UAE: At its Annual General Meeting, the Dubai Future District Fund (DFDF), which is anchored by Dubai International Financial Centre (DIFC) and the Dubai Future Foundation (DFF), unveiled highlights from its 2024 performance, celebrating a year of strategic growth, deepened alignment with Dubai’s economic vision, and bold steps toward fostering a resilient, inclusive innovation ecosystem. […]
Kumulus Water, a Tunisia-based WaterTech startup that turns air into clean drinking water, has raised $3.5 million in seed funding to expand its operations and scale its atmospheric water generation technology, a company statement showed on Tuesday. Funding details The round was backed by Bpifrance (via France 2030 SGPI and the Île-de-France Region), regional VCs […]
Abu Dhabi – Khalifa Fund for Enterprise Development (KFED) has entered into a strategic agreement with the Inovartic Investment to enhance bilateral cooperation and support startups in the gaming sector in the UAE. At the centre of this agreement is a comprehensive framework designed to support early-stage gaming enterprises by offering incubation services, specialised training programs, […]
Doha, Qatar – June 2, 2025 – ShipBee , an innovative & AI-powered one-stop-shop digital logistics marketplace, providing end-to-end logistics solutions, incubated & supported by the mobility incubator of Qatar Development Bank and the Digital Incubation Center, today announced the successful closure of its Pre-Seed funding round, raising a total of QR855,000 from institutional and angel investors, valuing […]
In a strategic move to bridge the financing gap for small and medium enterprises (SMEs) across the Arab world, the Arab Fund for Economic and Social Development, through its SME financing arm, Badir Fund, is investing in Shorooq’s Nahda Fund II, a Qualified Investor Fund registered with the FSRA ADGM. In a strategic move to […]
Cairo, Egypt – MDP, a leading payments technology infrastructure group in the Middle East and Africa, is pleased to announce a new phase of growth following a strategic investment led by Lorax Capital Partners (“LCP”). The transaction marks the exit of long-time partner AfricInvest, whose support has been instrumental to the group’s expansion in recent years. MDP […]
Partnership to enhance investor engagement and support startup growth in Abu Dhabi Collaboration reinforces Tech Barza’s role in connecting family offices with high-potential startups and enabling strategic corporate deals Hub71, Abu Dhabi’s global tech ecosystem, has announced a strategic partnership with Yas Investments, a leading multi-family investment platform and fund manager, to enhance investor participation in […]
Source: Forbes Middle East Dubai-based business-to-business (B2B) spend management platform Qashio has raised $19.8 million in its latest funding round, combining equity and non-equity financing. Latest funding round The round was led by existing investor Rocketship, a Silicon Valley venture capital firm, with participation from ABN Ventures, MITAA, Oneway VC. Further, new strategic investors, including […]
Fueled by investments from Plus VC and Oasis500, Toolmart is poised for regional expansion following record-breaking growth and strong market momentum. MENA: Toolmart, a leading B2B tech startup revolutionizing how industrial supplies are sourced and procured in the Middle East, has raised a seed funding round led by Plus VC, the most active MENA VC and Oasis500, alongside prominent […]
Dubai, UAE – Gainz, the UAE-based financial technology startup, proudly announces the successful closing of its 7-figure USD pre-seed investment round, structured as a mix of equity and debt. The round was led by Antler MENAP, Lithium Holdings, and Eleventh Invest Inc, with additional participation from a diverse group of high-net-worth investors across the region. […]