Rapidly growing company, led by serial entrepreneur, David Gurlé, completes seed round – led by Global Ventures, a leading VC firm in MENA – with participation from Inria, OneRagtime, Mi8, and business angels. $800 billion cloud market, growing at 20% a year – amid accelerated demand for AI – is ripe for a European solution […]
Flagship Event CoCreate 2025 to Be Held in Las Vegas and London NEW YORK, June 26, 2025 — Alibaba.com, a leading B2B e-commerce platform, today announced the newly expanded pitch competition, CoCreate Pitch, which will take place at the Company’s annual flagship CoCreate event. The competition will allow global SMEs with product dreams to compete for a $1 million prize pool. In addition […]
Headquartered in Dubai, idea-L® is strategically positioned at the heart of the Middle East’s thriving innovation economy. DUBAI, UAE: idea-L®, the artificial intelligence (AI) and Web3-powered platform that turns ideas into investor-ready ventures, and potential into progress, announces the close of an oversubscribed $1 million pre-seed round. The round, secured from a wide syndicate of investment […]
Vienna-based startup serving 1,000+ properties raises funding to revolutionize hospitality communication with industry-first AI. chatlyn recently opened its Dubai office to strengthen its presence in the Middle East Vienna, Austria: chatlyn, the AI communication hub transforming how hotels engage with guests across every touchpoint, announced today it has secured $9.3 million (€8 million) in Series A […]
Cairo – Aria Ventures, a specialized venture studio focused on building startups, has announced the launch of a 50 million EGP investment to support promising companies in the Deep-Technology sector. This initiative aims to bridge the gap between pioneering research and market applications, enabling deep technological innovations to grow and flourish. Aria Ventures aims to increase this […]
Nowlun, the digital logistics platform that simplifies global freight in the MENA region by helping businesses move full container loads (FCL) and bulk cargo with speed and simplicity—while keeping them informed with real-time tracking and instant updates—has closed its seed round at $2.3 million following a $600K extension led by Ingressive Capital, a prominent African […]
Riyadh, Saudi Arabia: In a milestone transaction poised to reshape the fintech-loyalty landscape in the Kingdom, Equivator, a premier alternative investment firm, has revealed a strategic investment of SAR 30 million in Related, a UAE-headquartered company, pioneer in loyalty and rewards solutions. The important step contributes to reinforcing Saudi Arabia as a regional and global basis […]
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 […]