Locad, a leading provider of Cloud Supply Chain-as-a-Service solutions, has raised $9 million in its pre-Series B funding round. The investment was co-led by Global Ventures and existing backer Reefknot Investments, with participation from Sumitomo Equity Ventures, Antler Elevate, Febe Ventures, and JG Summit. The funds will drive Locad’s international expansion, beginning with the UAE […]
Dubai, UAE – Popcorn AI, a leading innovator in conversational commerce, has raised $500,000 in a pre-seed funding round led by Spring Studios fund, with backing from Salica Investments, Al Waha Fund of Funds, and prominent angel investors from Saudi Arabia. This funding round marks a pivotal milestone in Popcorn AI’s journey to reshape how […]
SAN FRANCISCO–(BUSINESS WIRE)–Writer, a pioneering full-stack generative AI platform for enterprise applications, has announced a successful $200 million Series C funding round, elevating its valuation to $1.9 billion. Co-led by Premji Invest and Radical Ventures, with significant support from existing investor ICONIQ Growth, the funding round also saw participation from Salesforce Ventures, Adobe Ventures, B […]
Dubai, United Arab Emirates – Pemo, the Dubai-based spend management platform, has successfully closed a $7 million Pre-Series A funding round as it advances its strategic growth across the Middle East. This milestone comes after two years of exceptional performance in the UAE, with Pemo achieving an impressive AED 1.4 billion in annualized transactions. The […]
NEW YORK—October 10, 2024—UnifyApps, the Unified Enterprise AI Agent platform, has announced the successful closing of a $20 million Series A funding round led by ICONIQ Growth, with continued support from existing investor Elevation Capital. The funding round also brings ICONIQ Growth General Partner Matt Jacobson onto UnifyApps’ board of directors. With this latest investment, […]
RIYADH – November 11th, 2024 – Lean Technologies, a Riyadh-based fintech infrastructure platform, has secured $67.5 million in Series B funding led by General Catalyst, a renowned Silicon Valley-based venture capital group. The round also saw participation from Bain Capital Ventures, Stanley Druckenmiller’s Duquesne Family Office, and Arbor Ventures, among others. This brings Lean’s total funding to […]
Riyadh, Saudi Arabia – November 5, 2024 – tali Ventures, the corporate venture capital arm of stc Group, and NorthLadder, a fast-growing device trade-in platform, have announced the successful completion of a $10 million Series B funding round. The investment, led by tali Ventures, also includes participation from Dutch Founders Fund and Crescent Ventures. This […]
To invest dh 462M and create 70 jobs in The UAE and Middle East by 2027 Trusted by 1,500+ customers, including one-third of the Fortune 500, and some of the region’s best-loved brands, including Samsung, Emirates NBD, Nike, Nayomi, ING Bank, Kavak, L’Oreal, and Air Arabia, to accelerate digital growth through best-in-class omnichannel experiences and […]
Sharjah, UAE — Warburg AI, an emerging innovator in artificial intelligence for the financial sector, has raised $250,000 in seed funding to accelerate its mission of reshaping financial services through advanced AI-driven technologies. Founded in September 2024, the company has rapidly attracted investor confidence, securing its first funding round just months after its inception. Based […]
Amman, Jordan — The Innovative Startups and SMEs Fund (ISSF), Jordan’s largest investment fund, has announced a $5 million investment in Rua Growth I LP, a $45 million venture capital fund focused on Marketplaces, Fintech, Enterprise Solutions, and SaaS. This partnership is part of ISSF’s ongoing commitment to fostering early-stage and growth-stage startups within the […]