Motery, an innovative fintech application revolutionizing the automotive purchasing landscape, is proud to announce the successful completion of its seed funding round, at an $8 million valuation. This strategic investment will empower Motery to expand its services and solidify its position as a one-stop shop for online car buying and financing in the automotive sector. […]
Abu Dhabi, UAE – Klaim, a pioneer of healthcare payment acceleration solutions, has successfully secured USD 10 million in Series A equity funding and additional USD 16 million financing fund to drive its regional expansion and transform how medical providers access cash flow. This investment will help propel Klaim’s mission to reshape the healthcare financial landscape […]
Moroccan startup ORA Technologies has secured a new $1.9 million pre-series funding round led by Witamax and Azur Innovation Management. It becomes one of the most locally funded Moroccan startups with this new fundraising, raising a total of $4.4 million in local funding since the company was founded in 2023. “This financing round demonstrates the […]
Kuwait-born and UAE-based q-commerce and foodtech Talabat has completed the acquisition of 100% of instashop from Delivery Hero SE for $32 million. With this acquisition, instashop becomes a wholly owned subsidiary of talabat, strengthening its grocery and retail offering and expanding its partner network across the MENA region. Instashop will continue to operate as an […]
LoftyInc Capital, a leading venture capital firm, has successfully reached the first close of its third and largest fund, LoftyInc Alpha. The fund aims to support late seed and Series A startups across Africa, marking a strategic shift in the firm’s investment focus. LoftyInc has previously invested in high-growth companies such as Flutterwave, Moove, Reliance […]
UAE, Dubai – March 5, 2025 – Darwinbox, a leading global human resource (“HR”) technology platform, today announced the signing of definitive agreements under which Partners Group, one of the largest firms in the global private markets industry (acting on behalf of its clients), and funds managed by KKR, a leading global investment firm, will […]
Doha, Qatar: Qatar Development Bank has signed a cooperation agreement with Rasmal Ventures on the sidelines of Web Summit Qatar 2025. The partnership is aimed at bolstering Qatar’s entrepreneurial ecosystem by supporting innovation, attracting global talent, and fostering local and regional growth opportunities for startups. Through this collaboration, the two parties seek to strengthen Qatar’s position […]
UAE-based fintech BILRS has raised an undisclosed funding round from Salica Spring Studios, which is backed by Al-Waha Fund of Funds. Founded in 2022 by Rupert Shaw, BILRS provides international bill payment solutions, mobile top-ups, and gift cards, enabling seamless cross-border transactions in the B2B space. Through this investment, BILRS will be able to scale its operations, […]
Dubai, UAE; While venture capital funding contracted globally in 2024, three founders who turned their bootstrapped startup into a $350M exit are taking a contrarian approach. Today, UAE-based venture builder Disrupt.com announces a $100M commitment to build and back AI-first technology ventures globally. Founded by Aaqib Gadit, Uzair Gadit, and Umair Gadit – three university […]
Dubai, UAE – UAE-based venture capital (VC) firm VentureSouq has been selected as one of ten fund managers globally—and the only representative from the Middle East—to participate in the inaugural cohort of the We Fund Climate program by the International Finance Corporation (IFC). The program, aimed at supporting climate-focused VC funds in emerging markets, fosters […]