The global South Asian ethnic wear market is set to reach $129 billion by 2030, with digital spending projected to drive nearly $46 billion of this growth. Leading the charge in this evolving landscape is LAAM, a premier Pakistan-based fashion marketplace for South Asian apparel, which has announced a $5.5 million seed funding round to expand […]
BuyAnyAutoPart, a UAE-based B2B used car part aggregator disrupting the region’s multi-billion-dollar used car part market, has secured USD 750,000 in pre-seed funding. The company, which focuses on the search and supply of used car parts to the region’s multi-brand workshops, has attracted investment from prominent backers, including Galadari Brothers, the exclusive dealer for Mazda […]
Better aims to tackle the multi-billion dollar critical issues in men’s physical health through a range of proprietary supplements and compounded prescriptions. December 10, 2024 Dubai, UAE: Better, the first men’s wellness startup of its kind in MENA, has announced that the company has successfully raised US$550,000 pre-seed round led by Salica Spring Studios’ fund, […]
Riyadh, KSA – 10th of November, 2024 – Wafeq (www.wafeq.com), a modern and easy-to-use accounting platform, today announced the completion of its $7.5 million Series A funding round (SAR 28 million). This investment brings together globally renowned accounting software investors and executives, including 9900 Capital’s Managing Partner Chris Corbishley, who led the round and previously […]
Central and Eastern Europe ~ Last week, Dusan Duffek, Managing Director of Zero One Hundred, a VC fund with offices in Slovakia, Czechia, Cyprus and the UAE, signed a Memorandum of Understanding (MoU) with Investopia, the UAE investment platform chaired by H.E. Abdullah Bin Touq Al Marri, the UAE Minister of Economy. The agreement seeks to strengthen […]
Dubai, UAE – Playgama, a game-tech startup based in the UAE, has raised $3 million in a funding round led by The Open Platform and s16vc, with participation from FJ Labs, The Games Fund, TON Ventures, and Kirill Eves, CEO and Founder of Unlimit. This funding will support Playgama’s mission to empower HTML5 game developers […]
The global eyewear industry is witnessing a surge in innovative ventures, and the Middle East is producing its own rising star: Eyewa. The Dubai- and Riyadh-based company, which offers a diverse range of eyewear products including prescription glasses, sunglasses, blue light glasses, and contact lenses, has successfully raised $100 million in a Series C funding […]
UK-based Watercycle Technologies is pleased to announce the closure of a $5.6 million Series A investment round led by Par Equity as part of a syndicate with Greater Manchester Combined Authority (‘GMCA’), Aer Ventures and the University of Manchester Innovation Factory. This investment will enable Watercycle to rapidly scale up and commercially deploy its technology […]
Epik Foods, a leading F&B group operating over 60 brands across the UAE, Saudi Arabia, and Oman, has successfully raised $15.5 million in private capital funding from Ruya Private Capital I LP, a fund managed by Abu Dhabi-based independent private credit firm Ruya Partners. The funding milestone coincides with the group’s first anniversary, marking a […]
Dubai, UAE – Shipfinex, a groundbreaking maritime fintech platform, has successfully closed a $1.5 million seed funding round, signaling a major milestone in its mission to redefine access to maritime assets through blockchain technology. The funding round was led by Gaurav Mehta, Chairman of Best Oasis Limited and SPM Shipping DMCC, who joins Shipfinex as […]