Dubai, UAE — CNTXT AI, a UAE-based data and AI company that enables companies and institutions to develop AI solutions while maintaining full sovereignty over their data, announced the successful closing of a $60 million Series A funding round. The round was co-led by two of the region’s most active AI investors: AI71, Abu Dhabi’s applied AI […]
Sovra, the fintech platform that provides people with a global dollar account, has raised more than $2 million in pre-seed funding. The round was led by Pharsalus Capital, with participation from leading regional and global angel investors, including Karim Atiyeh (founder of Ramp), Hisham Al-Falih (founder of Lean Technologies), Hany Rashwan (founder of 21shares), Naguib […]
Al Ahly Pharos Investment Banking, the leading investment banking firm in Egypt, is pleased to announce its role as financial advisor to MNT-Halan, the region’s largest fintech ecosystem, on its most recent and highly successful capital-raising round. This landmark transaction has propelled MNT-Halan’s total valuation to $1.4 billion, reinforcing its position as a dominant force […]
CASABLANCA, Morocco, Agenz, a Moroccan proptech company specializing in real estate data and transaction digitalization, announces a $5 million funding round backed by Breega, Attijariwafa Ventures and Saviu Ventures. The investment represents an important milestone in Agenz’s mission to bring greater transparency, efficiency and accessibility to the Moroccan real estate market through technology, data and artificial […]
Ten Indian startups will be supported through Hub71’s programmes, with access to Abu Dhabi’s capital, customers, regulators, and partner network. The first edition drew strong demand from founders across India, several of whom have already secured places in Hub71’s Access and Immersion Programmes. Abu Dhabi, UAE – Hub71, Abu Dhabi’s global tech ecosystem, has announced its […]
Uncovr, an AI-powered surgical intelligence startup founded by Moroccan entrepreneur Ines Iraki, has emerged from stealth with a $7 million seed funding round led by Index Ventures to modernize how surgical procedures are documented and analyzed. The round attracted participation from Seedcamp, Frst, No Label Ventures, and Entrepreneurs First, alongside prominent angel investors including Jean […]
Dubai, United Arab Emirates: Algebra AI today announces its official launch, emerging from stealth with clients across the financial services, food and beverage, distribution and manufacturing sectors, and $7 million in financing from investors including Infinity Constellation, BECO Capital, Silicon Badia and Waseel Investments. The company was founded in partnership with its main investors and is […]
Zuvees, an AI-powered global gifting platform, has raised $1.6 million from IvyCap Ventures as part of its ongoing Series A funding round. The investment will support the company’s next phase of growth, including the expansion of its international footprint, enhancement of its AI-driven capabilities, and scaling of its gifting services for both businesses and consumers. Zuvees […]
Cairo, Egypt – MNT-Halan secures strategic investment, Egypt and MENA’s first fintech unicorn, announced the successful first closing of an investment round led by Al Ahly Capital, the investment subsidiary of the National Bank of Egypt (NBE), following the completion of all necessary approvals from the relevant regulatory authorities. The transaction marks a significant milestone […]
AMMAN, Jordan – Jordanian AI founder and researcher Mohammad Alsufi has sold AI-native education platform NoNerds to JoAcademy in a deal valued at $140,000 USD, marking one of the youngest startup acquisitions in the region’s emerging AI sector. NoNerds built an AI-native education marketplace where students and instructors create and sell courses while the platform’s AI […]