Riyadh, Saudi Arabia – String, a Saudi-based marketing automation platform, has successfully closed a $533K pre-seed investment round, backed by a group of angel investors. This funding marks a significant milestone in the startup’s journey to revolutionize marketing automation and customer engagement across the MENA region. Founded in 2023 by Tariq Tailakh and Muayad Qanadilo, […]
Bahrain – StartUp Bahrain, the leading platform for startups in the Kingdom of Bahrain, supported by the Labour Fund (Tamkeen), has announced a strategic partnership with Spring Venture Services, a subsidiary of Salica Investments. The collaboration aims to enhance the entrepreneurial ecosystem in Bahrain by providing startups with essential resources, strategic guidance, and access to investment […]
Riyadh, Saudi Arabia – Mohami, a pioneering Saudi startup specializing in AI-driven legal consultancy, has successfully closed a pre-seed investment round worth SAR 1 million, raising the company’s valuation to SAR 15 million. The newly acquired funding will be utilized to strengthen Mohami’s presence in the Saudi market and expand its service offerings to meet the increasing […]
Mush Social, the leading social platform, announced its full acquisition of Pubbles, one of the region’s earliest and most prominent social media applications. This strategic move aims to expand Mush Social’s user base and reinforce its digital presence. The acquisition follows the remarkable success of Pubbles, which was incubated under the TAQADAM Accelerator program affiliated […]
QDB continued to be a key player in the Qatari VC space maintaining its growth in 2024; over the past nine years, it has invested QR302.4mn, and invested in eight funds. Qatar’s VC (venture capital) funding reported a remarkable 135% year-on-year rise to an all-time high of QR115mn in 2024, defying 19% and 29% decline […]
Istanbul, Turkey – Turkish fintech startup Fimple has successfully raised $12 million in a Series A funding round led by DN Capital and Smartfin, with participation from APY Ventures and Tera Portfolio. The company plans to utilize the funds to accelerate product development and expand its presence in the MENA and CIS regions. Revolutionizing Core […]
VISARUN.AI, an AI-powered visa-as-a-service platform, has raised $700,000 in pre-seed funding from Swiss and UAE-based angel investors with extensive experience in e-commerce and trading. The investment will fuel the company’s platform development, sales team expansion, and strategic market penetration initiatives. With the MENA region experiencing significant backlogs and processing times due to high application volumes […]
44.01 has received an additional $5m in Series A investment from Norwegian sovereign investor Nysnø Climate Investments and Jasoor Ventures, bringing the total Series A fundraise to $42m. $5m top-up raised from sovereign investor Nysnø Climate Investments (Nysnø) and MENA-focused Jasoor Ventures. Investment from Norway and MENA reflects international optimism about the potential of mineralisation. […]
DOHA: Rasmal Ventures LLC, Qatar’s first independent venture capital (VC) company, has announced funding from Qatar Investment Authority (QIA) as part of its Fund of Funds program. The funding is received into Rasmal Venture’s inaugural, home-grown venture capital fund, Rasmal Innovation Fund I LLC which targets high-performance startups and scales up across a variety of […]
Abu Dhabi – Smpl Fund I, a $10 million venture capital fund launched by Smpl Holdings, has announced a strategic investment of $250,000 in multiple AI and technology companies within the Qora71 portfolio. Smpl Fund I, which focuses on supporting AI and tech startups across the MENA region and beyond, provides seed capital alongside hands-on strategic support […]