Alif raises $20mln Investment from Accial Capital

Alif raises $20mln Investment from Accial Capital

December 27, 2024 Alif announced it had raised a $20 mln debt investment from Accial Capital, a US-based impact private credit fund manager. The deal was facilitated with advisory support from Nairang Capital and TMT Global Advisors. The funds will be allocated to enhance Alif’s Nasiya service’s capabilities, strengthen its market position, and promote financial […]

Ride-hailing Unicorn InDrive Invests in Pakistan Grocery Startup Krave Mart

Ride-hailing Unicorn InDrive Invests in Pakistan Grocery Startup Krave Mart

Mountain View, California, December 27, 2024 — inDrive, the global ride-hailing unicorn, has announced a strategic investment in Pakistan’s emerging grocery delivery platform, Krave Mart. The investment is part of inDrive’s broader effort to explore opportunities in emerging markets through its dedicated venture capital arm. The VC division, launched last year, is set to deploy […]

Elon Musk xAI Raises $6 Billion in Series C Round

Elon Musk xAI Raises $6 Billion in Series C Round, Valuation Surges to $45 Billion

SAN FRANCISCO — Elon Musk’s artificial intelligence company, xAI, has secured $6 billion in a Series C financing round, bringing its total funding to $12 billion. This announcement follows a $6 billion raise earlier in May, as reported by TechCrunch on Wednesday. The latest round saw participation from prominent investors including Andreessen Horowitz, BlackRock, Fidelity, […]

Talaty Uses AI to Facilitate Fast

Talaty Uses AI to Facilitate Fast, Affordable Loans to Morocco’s SMBs

Witamax & Renew Capital invest in Talaty to expand AI-driven financing solutions across Morocco and Francophone Africa. Rabat, Morocco, (12/18/2024) – Talaty, a Moroccan fintech, is redefining financing for small and medium-sized businesses (SMBs) with its innovative AI-driven solutions. Talaty has successfully secured an undisclosed amount in its seed funding round. The round saw contributions […]

The Hashgraph Group secures ADGM VC Fund Manager Licence for $100m Web3 Venture Fund

The Hashgraph Group secures ADGM VC Fund Manager Licence for $100m Web3 Venture Fund

The Hashgraph Association (THA) to contribute the first $20 million to the fund, targeting strategic investments in both start-ups and enterprises seeking to adopt and innovate through advanced technologies such as Artificial Intelligence, Blockchain/DLT, Robotics, and Quantum Computing. Abu Dhabi UAE December 18, 2024: The Hashgraph Group (THG), the Swiss-based international business, technology, and investment […]

Emirates NBD Group Deniz Ventures invests in Turkey-based TeamSec

Emirates NBD Group Deniz Ventures invests in Turkey-based TeamSec

Through its AI and data analytics-based solutions, TeamSec seeks to create critical value for investors and financial institutions. December 17, 2024 Deniz Ventures, the venture capital fund of DenizBank, established under the Emirates NBD Innovation Fund – the Corporate Venture Capital arm of Emirates NBD Group, invests in TeamSec, a pioneer in AI-driven securitisation technology. […]

India 100Unicorns Launches $200M Fund 2

India 100Unicorns Launches $200M Fund 2, Expands to MENA with ADGM Office

100Unicorns, India’s largest early-stage accelerator venture capital (VC) fund, has announced Abu Dhabi, as its first foreign market expansion with the opening of its office in ADGM, the international financial centre of Abu Dhabi.  Formerly known as 9Unicorns, 100Unicorns was launched in 2020 with the vision to nurture and create 50+ category leaders and now […]

UAE-based biotech BioSapien Secures $5.5 Million Pre-Series A Funding to Revolutionize Cancer Treatment

UAE-based biotech BioSapien Secures $5.5 Million Pre-Series A Funding to Revolutionize Cancer Treatment

Funding round led by MENA’s leading VC firm – Global Ventures, with participation from Dara Holdings. December 12, 2024 Abu Dhabi, UAE – BioSapien – the patented drug delivery platform treating cancer ‘locally’ – announces its $5.5 million (20.2M AED) pre-Series A fundraise. The funding was led by Global Ventures – MENA’s leading VC firm, with […]