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 […]
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 […]