UAE-based qeen.ai, a leading provider of agentic AI solutions for e-commerce, announces it has raised $10 million in funding—one of the largest seed investments in the MENA region to date. The funding was led by Prosus Ventures, with participation from existing investors including Wamda Capital, 10x Founders and Dara Holdings. This brings qeen.ai’s total funding […]
Dubai, UAE: Myne, a groundbreaking wealth and asset tracking platform, has announced today that the company has raised US$ 2 million and has successfully closed its pre-seed funding round. The new investment round was led by Scene Holding, followed by Raz holding with participation from Plus VC, the most active VC in the MENA, Annex Investments, […]
Dubai, UAE – Rasmal Ventures, in collaboration with Deniz Ventures, the corporate venture capital arm of Emirates NBD Group, has announced a strategic $7.6 million investment in TeamSec, the world’s first AI-powered Securitization-as-a-Service platform. This funding aims to accelerate TeamSec’s expansion across the MENA region and revolutionize the securitization industry with cutting-edge financial technology. TeamSec […]
Funding Led by Iwan Ventures to Expand ChatBerry’s Presence in the Middle East with AI-Powered Shopping Technologies via WhatsApp Riyadh, Saudi Arabia – ChatBerry, a rising SaaS player in MENA’s fast-growing conversational commerce market, has successfully raised SAR 1 million in a pre-seed funding round. The investment was led by Iwan Ventures, a Riyadh-based venture […]
Company claims AI model armed with physics, chemistry expertise can cut inefficiencies in mass production. Toronto-based Basetwo has closed a $11.5 million USD ($16.5 million CAD) Series A round for its artificial intelligence (AI)-powered copilot for manufacturing engineers. The software-as-a-service (SaaS) startup is trying to solve tech inefficiencies in large-scale chemical manufacturing. Basetwo says its AI […]
Maalexi, a U.S.-headquartered dynamic risk management platform helping SME agribusinesses mitigate operational risks, announces it has secured a $3 million debt finance facility from Citi, one of the world’s largest banking institutions. The strategic facility supports Maalexi with its mission to strengthen global food security by simplifying cross-border agri-trade conducted on its cutting-edge, AI-powered risk […]
UAE-based healthtech BioSapien has extended its pre-Series A funding round to $7 million, joined by new investors like Golden Gate Ventures, marking the first deployment of its dedicated MENA Fund. Founded in 2018 by Khatija Ali, BioSapien offers a flagship product, MediChip™, which is a drug delivery, 3D-printed, slow-release delivery platform attachable to any tissue […]
UAE, January 27, 2025 – RetailHub, a UAE-based company specializing in AI-powered retail solutions, has announced the successful closure of a new funding round led by AngelSpark, an investment firm focused on supporting innovative startups in the region. The amount of funding remains undisclosed. RetailHub is renowned for its cutting-edge shelf analysis technologies that utilize […]
CodiPlay, a Kazakhstan-founded edtech startup, has announced the successful closure of its Series A funding round, raising $9 million at a valuation of $100 million. This milestone underscores the growing potential of Central Asian innovation and its scalability on the global stage. The funding round saw participation from prominent investors, including Global Capital from Saudi […]
Visa has announced its investment in Nigerian FinTech company Moniepoint, aiming to drive financial inclusion, accelerate digital payments, and foster small- to medium-sized business (SMB) growth across Africa. Although the specific financial details were not disclosed, the collaboration marks a significant step in advancing digital economies on the continent. “Visa’s investment in Moniepoint is the […]