Riyadh, October 2024 – Beta Lab, a deep tech fund and innovation studio, has launched a groundbreaking USD 300 million fund at the Future Investment Initiative (FII) 2024. Designed to stimulate cross-border innovation, this fund aims to bridge the Middle East and Southeast Asia, empowering technology-driven startups to expand into high-growth markets and tackle global […]
Riyadh, Saudi Arabia — Saudi-based PropTech platform ARK has successfully raised $1 million in a pre-seed funding round led by Core Vision Investment. This fresh capital is set to bolster Ark’s capabilities in Saudi Arabia’s dynamic real estate market, positioning the platform to deliver innovative, Shariah-compliant investment solutions that meet growing demand. Founded in 2023 […]
Riyadh, Saudi Arabia – Wa’ed Ventures, the $500 million venture capital arm of Aramco, has announced a $100 million commitment to early-stage artificial intelligence (AI) investments, reinforcing Saudi Arabia’s ambition to establish itself as a global leader in AI. This significant move aligns with the Kingdom’s broader vision to position AI as a key economic […]
Riyadh, Saudi Arabia — Adaverse, a leading Web3 and blockchain fund based in Saudi Arabia, has announced a strategic investment in Tharawat Green Exchange (TGE), an innovative startup dedicated to supporting environmental sustainability through Web3 technology. This investment aligns with Saudi Vision 2030, a national initiative focused on environmental sustainability and economic diversification. Addressing Climate […]
Riyadh, Saudi Arabia – Nabt, a Saudi agritech startup transforming the Kingdom’s fresh produce supply chain, has successfully closed a SAR 5.63 million (USD 1.5 million) seed investment round in Q3 2024. The round was led by Merak Capital, a prominent technology-focused investment firm, with the backing of key angel investors. The funding will fuel […]
Morocco, October 2024 – Moroccan cross-border logistics startup Colis.ma has successfully raised $300,000 in funding from the Witamax Fund, aiming to strengthen its footprint across Morocco, Europe, and Africa. The newly acquired funds will support Colis.ma’s goal to establish operations in five key regions within Morocco and six major European markets, as well as to fuel expansion into the […]
Pakistan-based coworking platform COLABS has raised $2 million in a pre-Series A funding round led by UAE’s Shorooq Partners, with participation from Saudi Arabia’s Waad Investment. This latest investment brings COLABS’ total funding to over $5 million, with previous rounds backed by prominent investors like Indus Valley Capital, Zayn Capital, and Fatima Gobi Ventures. Founded in 2019, COLABS has […]
Riyadh, Saudi Arabia – October 2024 – The Saudi startup platform Mala has successfully raised $7 million in a pre-seed investment round led by Venture Souq, with participation from prominent investors including M Capital, BECO Capital, Access Bridge Ventures, Palm Ventures, Shorouq Partners, Wad Investment, and the DGV fund. Set to officially launch in Saudi […]
Riyadh, Saudi Arabia — JARAS Hospitality, a rising leader in innovative hospitality management solutions, has successfully closed its pre-seed funding round, raising SAR 2.5 million. This significant investment marks a pivotal step in supporting the company’s ambitious expansion plans and commitment to enhancing operational efficiency in the hospitality sector. Founded in 2023, JARAS offers a […]
Riyadh, October 2024 – Saudi Venture Capital (SVC) has announced a $15 million investment in Saqr Fund II, a venture capital fund managed by Vision Ventures. The fund, which is targeting a total size of $90 million, is focused on investing in early-stage startups, from pre-seed to pre-series B, across Saudi Arabia and the broader […]