Adaverse, the leading ecosystem accelerator and seed fund, today announced its strategic investment in Grintafy, the Middle East’s premier sports tech company. This partnership marks a significant step in Grintafy’s transition from Web2 to Web3, leveraging blockchain technology to revolutionise talent discovery in football. Grintafy, established in 2019, has rapidly grown to become the go-to […]
Dubai, UAE — Falak Investment Hub has announced a strategic investment in HUMD, the Gulf region’s first AI-powered printing marketplace. This move aligns with Falak’s mission to support promising startups by offering dedicated services that foster growth, digitization, and sectoral development. Launched in 2022, Humd is revolutionizing the way startups and SMEs manage their business […]
Saudi Venture Capital (SVC) announces an investment in Aliph Fund I, a GCC-focused growth fund from Aliph Capital, a GCC-based private equity fund manager. Aliph Fund I invests in mid-market companies across Saudi Arabia and the GCC with an active ownership model focused on value creation and tech enablement. Dr. Nabeel Koshak, CEO and Board Member […]
HUB2, a pioneering fintech from Ivory Coast, has raised $8.5 million in Series A funding to solidify its position as the “Stripe for Francophone Africa.” The funding round was led by TLcom Capital, with participation from FMO, Enza Capital, Bpifrance, and Eric Barbier, founder of Thunes. Founded in 2019 by telecom veteran Ashley Gauzere, HUB2 […]
Casablanca, Morocco — December 3, 2024 Enakl, a Morocco-based urban mobility startup, has raised $1.4 million in a pre-seed funding round led by Catalyst Fund, with participation from Renew Capital, Digital Africa, Station F, and 15 business angels. Launched in September 2023 by seasoned entrepreneurs Samir Bennani and Charles Pommarede and later joined by Ahmed […]
Jeddah, Saudi Arabia – December 2, 2024:Aanaab, the leading digital professional development platform for teachers, has successfully raised $7 million in its Series A funding round, led by Dallah Investment Holding. This milestone investment highlights Aanaab’s growing impact on the education technology sector in the Arab region. Founded in 2019 by Dr. Munira Jamjoom, Naila […]
Riyadh, Saudi Arabia, November 27th 2024 Flat6Labs, MENA’s most active seed and early-stage venture capital firm, has made significant strides in supporting Saudi Arabia’s startup ecosystem, now reaching a total of 41 investments in the Kingdom through the Startup Seed Fund. Since its launch in 2023, Flat6Labs has arguably become the most active investor in Saudi […]
RIYADH, Saudi Arabia,/PRNewswire/ — Maarif Education, one of the largest education companies in Saudi Arabia with a legacy of over 50 years in K12 education, announced today the signing of a definitive agreement to acquire 100% of Ibn Khaldoun Education Company (IKEC). The strategic acquisition, which is subject to approval from the relevant authorities, marks one […]
Riyadh, Kingdom of Saudi Arabia – 20 November 2024 –PwC Middle East has signed a definitive agreement to acquire Emkan Education, a Saudi consultancy specialising in education and skills development advisory services. A formal ceremony was conducted at the Ministry of Investment in the presence of His Excellency Eng. Khalid A. Al-Falih, Minister of Investment. The […]
Riyadh – Saudi Arabia: Saudi-based artificial intelligence (AI) pioneer nybl has announced a strategic partnership with Qatar Development Bank (QDB) under the Startup Qatar Investment Program, underscoring the region’s commitment to fostering homegrown talent and driving AI-powered growth in Qatar. The agreement was signed by Noor Alnahhas, CEO of nybl, and Mohammed Abdulsalam Al Emady, […]