$135M Capital Raise, Comprised of Private Placement and In-Kind Contributions, Aims at Increasing iMENA’s Shareholding in Existing Businesses Company completes restructuring into a Saudi company, iMENA Holding Transformation part of evolution into regional digital powerhouse. RIYADH, Saudi Arabia, April 27, 2025 – iMENA Group (“iMENA”), a regional leader in digital platforms in the MENA region, has raised $135 million from Sanabil Investments, a wholly […]
Riyadh, Saudi Arabia: Techrar, Saudi Arabia’s leading subscription, membership, and recurring billing management platform, has successfully closed a SAR 6 million investment round led by aramco Entrepreneurship Center (Wa’ed Ventures). Starting as a single product addressing a basic market need, Techrar has evolved into a fully integrated suite of products and tools that enable merchants […]
SINGAPORE, April 19, 2025 – viAct, a leading impact AI company focused on improving safety and efficiency in high-risk industries, today announced the close of US$7.3M Series A round led by Dublin-based private equity firm Venturewave Capital, with participation from Singtel Innov8, the corporate venture capital fund of Singtel, Asia’s leading communications technology group, Korea Investment […]
Riyadh, Saudi Arabia – Sadq, the leading Saudi platform for digital signatures and integrated workflow authentication solutions, has announced the successful close of its Pre-Series A funding round, raising SAR 5.5 million. The round was led by X by Unifonic Fund, with participation from a group of investors and a strategic investment from Unifonic. This investment […]
ShopUp, Bangladesh’s largest B2B commerce platform, and Sary, the leading B2B marketplace and services platform in the Gulf, have merged to form SILQ Group. This merger brings together Gulf & Emerging Asia, creating the largest B2B commerce platform to serve the fastest-growing consumer markets in the region and across the globe. The merger is backed […]
Jeddah, Saudi Arabia – April 8, 2025 — STUCK?, a rising AI-powered language intelligence platform based in Saudi Arabia, has closed its pre-seed funding round, raising a high six-figure investment to accelerate the development of Arabic-focused AI language solutions. The round was led by UK-based Mena Tech Fund (MTF), marking the VC’s first investment in […]
Riyadh, Saudi Arabia – April 2025 — FeeSolution, a digital platform specializing in school payment solutions, has successfully closed a Pre-Seed investment round of SAR 1,125,000. The round was backed by a group of angel investors and will support the company’s ongoing product development and market expansion efforts. Founded in early 2025, FeeSolution provides a […]
Manama, Bahrain — Bahraini social commerce startup Sellou has announced the successful closing of a $3 million Seed funding round, aimed at accelerating its expansion across the Middle East and North Africa (MENA) region. Founded in 2020 by Salman Al Khalifa, Sellou is transforming the regional e-commerce landscape with its video-first platform that simplifies social selling. […]
Arabian Pay, the leading national fintech platform, has announced the signing of an agreement to secure funding as part of its Pre-Seed investment round from “Al Bassami Holding Group”, a leader in the logistics and transportation sector in the Kingdom and globally. The signing ceremony was attended by Mohammed Rashid Alabdullatif, Founder and CEO of […]
Riyadh, Saudi Arabia – Nayla Finance, a fintech reshaping access to funding for micro-businesses, has successfully secured $4M in seed funding, led by Sanabil Venture Studio by Stryber. The funds will be used to fuel product and business expansion, alongside building Nayla’s loan book and provide essential capital to micro-businesses across Saudi Arabia. This investment marks […]