Riyadh, KSA – 10th of November, 2024 – Wafeq (www.wafeq.com), a modern and easy-to-use accounting platform, today announced the completion of its $7.5 million Series A funding round (SAR 28 million). This investment brings together globally renowned accounting software investors and executives, including 9900 Capital’s Managing Partner Chris Corbishley, who led the round and previously […]
Central and Eastern Europe ~ Last week, Dusan Duffek, Managing Director of Zero One Hundred, a VC fund with offices in Slovakia, Czechia, Cyprus and the UAE, signed a Memorandum of Understanding (MoU) with Investopia, the UAE investment platform chaired by H.E. Abdullah Bin Touq Al Marri, the UAE Minister of Economy. The agreement seeks to strengthen […]
Dubai, UAE – Playgama, a game-tech startup based in the UAE, has raised $3 million in a funding round led by The Open Platform and s16vc, with participation from FJ Labs, The Games Fund, TON Ventures, and Kirill Eves, CEO and Founder of Unlimit. This funding will support Playgama’s mission to empower HTML5 game developers […]
The global eyewear industry is witnessing a surge in innovative ventures, and the Middle East is producing its own rising star: Eyewa. The Dubai- and Riyadh-based company, which offers a diverse range of eyewear products including prescription glasses, sunglasses, blue light glasses, and contact lenses, has successfully raised $100 million in a Series C funding […]
UK-based Watercycle Technologies is pleased to announce the closure of a $5.6 million Series A investment round led by Par Equity as part of a syndicate with Greater Manchester Combined Authority (‘GMCA’), Aer Ventures and the University of Manchester Innovation Factory. This investment will enable Watercycle to rapidly scale up and commercially deploy its technology […]
Epik Foods, a leading F&B group operating over 60 brands across the UAE, Saudi Arabia, and Oman, has successfully raised $15.5 million in private capital funding from Ruya Private Capital I LP, a fund managed by Abu Dhabi-based independent private credit firm Ruya Partners. The funding milestone coincides with the group’s first anniversary, marking a […]
Locad, a leading provider of Cloud Supply Chain-as-a-Service solutions, has raised $9 million in its pre-Series B funding round. The investment was co-led by Global Ventures and existing backer Reefknot Investments, with participation from Sumitomo Equity Ventures, Antler Elevate, Febe Ventures, and JG Summit. The funds will drive Locad’s international expansion, beginning with the UAE […]
Dubai, UAE – Popcorn AI, a leading innovator in conversational commerce, has raised $500,000 in a pre-seed funding round led by Spring Studios fund, with backing from Salica Investments, Al Waha Fund of Funds, and prominent angel investors from Saudi Arabia. This funding round marks a pivotal milestone in Popcorn AI’s journey to reshape how […]
SAN FRANCISCO–(BUSINESS WIRE)–Writer, a pioneering full-stack generative AI platform for enterprise applications, has announced a successful $200 million Series C funding round, elevating its valuation to $1.9 billion. Co-led by Premji Invest and Radical Ventures, with significant support from existing investor ICONIQ Growth, the funding round also saw participation from Salesforce Ventures, Adobe Ventures, B […]
Dubai, United Arab Emirates – Pemo, the Dubai-based spend management platform, has successfully closed a $7 million Pre-Series A funding round as it advances its strategic growth across the Middle East. This milestone comes after two years of exceptional performance in the UAE, with Pemo achieving an impressive AED 1.4 billion in annualized transactions. The […]