To invest dh 462M and create 70 jobs in The UAE and Middle East by 2027 Trusted by 1,500+ customers, including one-third of the Fortune 500, and some of the region’s best-loved brands, including Samsung, Emirates NBD, Nike, Nayomi, ING Bank, Kavak, L’Oreal, and Air Arabia, to accelerate digital growth through best-in-class omnichannel experiences and […]
Sharjah, UAE — Warburg AI, an emerging innovator in artificial intelligence for the financial sector, has raised $250,000 in seed funding to accelerate its mission of reshaping financial services through advanced AI-driven technologies. Founded in September 2024, the company has rapidly attracted investor confidence, securing its first funding round just months after its inception. Based […]
Riyadh, Saudi Arabia – Shorooq, a prominent investment firm with $500 million in assets under management, has set its sights on becoming the “Blackstone of the Middle East.” With a vision to bridge critical gaps for private investors and fuel economic growth, Shorooq sees Saudi Arabia as a cornerstone of this mission. Founding partner Mahmoud […]
Amman, Jordan — The Innovative Startups and SMEs Fund (ISSF), Jordan’s largest investment fund, has announced a $5 million investment in Rua Growth I LP, a $45 million venture capital fund focused on Marketplaces, Fintech, Enterprise Solutions, and SaaS. This partnership is part of ISSF’s ongoing commitment to fostering early-stage and growth-stage startups within the […]
Doha, Qatar – Pass, Qatar’s leading tech-driven logistics startup, has successfully raised more than 10 million Qatari riyals in its latest investment round, marking a significant milestone as it ramps up its regional expansion. The fresh funding will empower Pass to accelerate development of advanced logistics solutions and improve fast, reliable delivery services, ultimately enhancing […]
Morocco, October 2024 – Moroccan cross-border logistics startup Colis.ma has successfully raised $300,000 in funding from the Witamax Fund, aiming to strengthen its footprint across Morocco, Europe, and Africa. The newly acquired funds will support Colis.ma’s goal to establish operations in five key regions within Morocco and six major European markets, as well as to […]
October 23, 2024 – Middle East: invygo, the region’s leading car subscription platform, today announced the successful closure of an $8 million Series A extension. The funding was spearheaded by STV’s newly launched NICE Fund, which offers non-dilutive capital through an innovative equity-based structure, with participation from existing investors including Al Rajhi Partners, Arab Bank […]
Dubai, UAE – October 22, 2024: PRYPCO, a Dubai-based property technology (PropTech) startup, has successfully raised $10 million in seed funding to drive its expansion and scale its operations. The funding round, which concluded in September, was led by Abu Dhabi’s Shorooq Partners, with strategic participation from the Dubai-headquartered retail giant, Apparel Group, along with […]
Dubai, UAE – October 2024 – In a landmark move for the sustainable fashion industry, Best Kept Shared, Dubai’s leading designer lending, rental, and resale platform, has announced its acquisition of BAZAARA, the region’s largest peer-to-peer fashion resale platform. This strategic acquisition brings together two of the UAE’s most prominent platforms, combining forces to offer […]
October 2024 – BuyPass.ai, a stealth-mode startup based in Pakistan, has successfully closed an angel funding round, setting the stage to reshape the eCommerce landscape across the GCC and Asia. The venture is founded by Muhammad Ammar Hassan, a former executive at OLX (Prosus) and Daraz (Alibaba International Digital Commerce Group), who brings over a decade of […]