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
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, 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, 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 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 […]
UAE-Founded Revibe raises $7mln series A to expand Sustainable TechBusiness
Dubai, United Arab Emirates – In less than two years since its launch, UAE-founded Revibe, the leader in guarantee-backed refurbished tech, has marked another milestone, having recently closed its Series A of US$7 million in a round co-led by ISAI and Resonance, and featuring prominent investors such as Kima Ventures and Edouard Mendy. This follows a […]
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. […]
Saudi Venture Capital invests in a Venture Capital Fund by Middle East Venture Partners (MEVP)
December 16, 2024 Riyadh, Saudi Arabia – Saudi Venture Capital (SVC) announced its investment in Middle East Venture Fund IV, a venture capital fund managed by Middle East Venture Partners (MEVP). The fund size is $150 million. The fund will support technology startups with high growth potential that will have a positive long-term impact on […]
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
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 […]