UAE-based Opteam, an innovative AI-driven construction management software, has announced today that it has successfully closed its pre-seed round for an undisclosed amount from Plus VC, MENA’s most active venture capital firm, to accelerate its mission of transforming the construction industry. Other strategic investors who participated in the seed round are Dar Ventures, the VC […]
and a Moroccan Business Angel in the Sports industry with public honor Loans from Tamwilcom and Near East Foundation. Casablanca January 9th 2025 We are thrilled to announce Witamax’s $600K pre-seed investment in Washminute, a groundbreaking Moroccan startup revolutionizing the smart car wash industry! Alongside Tamwilcom and a visionary business angel from the Moroccan sports […]
Dubai, UAE: After a successful round of funding, Teammates.ai launches a category-defining platform that drastically transforms the way businesses operate. Previously known as Uktob.ai, the rebranded platform builds on its experience in artificial intelligence (AI) agents, enabling businesses to use AI to take on entire job functions through Autonomous AI Teammates. This announcement marks a significant milestone […]
Dubai, January 13, 2025 — Halo AI, the innovative platform reshaping how brands and creators collaborate, announced the successful closing of a $6 million seed funding round. Led by Raed Ventures and Shorooq, the round also saw participation from strategic investors, including former C-level executives from Snapchat, leaders from Microsoft and Airbnb, senior executives from […]
Abu Dhabi-based alternative investment company Shorooq has announced a $9 million investment in two innovative ventures that participated in the One Billion Pitches competition, part of the 1 Billion Followers Summit held in Dubai. The three-day global content-focused event, which concluded on Monday, also contributed $4 million for these co-investment deals. Strategic Investments Shorooq will […]
Palestine/Netherlands, January 2025 — TAP, a Palestinian-Dutch company focused on creating transformative remote job opportunities for underserved youth, has raised $1 million in a funding round led by Invest International (Netherlands), with additional backing from impact-focused angel investors. This milestone will enable TAP to accelerate the development of its innovative AI-driven job-hunting platform, designed to […]
The incubated startups will receive incubation support services to help formalize and scale their fintech startups. This partnership comes as part of JoPACC and the ISSF’s commitment to support Fintech startups in testing their innovative solutions to grow and scale their business in the local and regional markets. Jordan’s Fintech ecosystem holds immense potential to […]
Dubai, UAE: Commercial Bank International (CBI), a leading UAE bank, has announced a strategic investment in Boomitra, a pioneering carbon project developer and Earthshot Prize winner. This partnership aims to enhance regenerative agriculture initiatives across the Middle East, Africa, and Asia by leveraging AI-enabled solutions to empower farming communities and boost climate resilience. CBI’s investment […]
Dubai, UAE – Mintiply Capital, a UAE-based advisory and investment banking firm specializing in mergers and acquisitions (M&As) and alternative investments, has announced a strategic partnership with US-based Fuel Venture Capital. This collaboration aims to bolster startup investments across the Gulf Cooperation Council (GCC) region, with a particular focus on the UAE. The two firms […]
Sanabil Accelerator by Orbit to catalyze early-stage startups in high-growth sectors in Saudi Arabia and the MENA region Orbit Startups (Orbit) and Sanabil Investments announce the launch of a new accelerator program, Sanabil Accelerator by Orbit, to cultivate early stage startups from the Saudi Arabia and the Middle East and North Africa (MENA) region as […]