December 19, 2024 Riyadh, Saudi Arabia – Saudi Venture Capital (SVC) has announced an investment in Raed III L.P., an early-stage venture capital fund managed by Raed Ventures. The fund will target tech and tech-enabled startups across Saudi Arabia and the MENA region, primarily focusing on Seed and Series A stages, emphasizing fintech, enterprise software, and […]
Providing the company with the resources to scale its operations, enhance R&D, and advance AI infrastructure in Saudi Arabia. December 18, 2024 Saudi Arabia — OmniOps, the first Saudi Arabia-based AI Infrastructure Technology provider, announced today the successful closure of a SAR 30 million (approximately $8 million) funding round from GMS Capital Ventures. This strategic […]
InvoiceQ, a Jordan-headquartered company specialising in providing software as a service (SaaS) in the field of e-invoicing and integration solutions, has successfully raised a pre-series A-funding round of US$1.2 million. The round saw the participation of a number of Jordan-based investors, including Oasis 500, Orange VC, Flat6Labs, as well as Natej Soft and several angel […]
African fintech startup Juicyway has officially launched out of stealth mode, revealing its impressive track record of processing over $1 billion in transaction volume across 25,000 transactions for 4,000 users over the past three years. The company, which leverages stablecoin technology for fast and affordable cross-border payments, announced a $3 million pre-seed funding round led […]
Press release: Unipal, the leading platform for innovative solutions for university students, has successfully raised its Pre-Series A investment round, joined by Falak Angels Syndicate members. This investment marks a strategic milestone in strengthening Unipal’s position as one of the top providers of student-centric services across the Middle East and Africa. Unipal offers a unique […]
Riyadh, Saudi Arabia – December 16, 2024 Wa’ed Ventures, the investment arm of Aramco’s Wa’ed Program, has announced its leadership in a $5 million Series A funding round for EME, a Netherlands-based company specializing in sustainability and circular economy solutions. The funding will enable EME to localize its cutting-edge technologies in Saudi Arabia and expand […]
PLATMA, the AI Business Automation Platform that transforms natural language into functional workflows and business processes, has announced the successful completion of its pre-seed funding round, securing $2.2 million at a valuation of $20 million. The company also unveiled its plans to enter the Middle East and North Africa (MENA) market, marking a significant step […]
Riyadh, Saudi Arabia – AlGooru, the first licensed private tutoring platform in Saudi Arabia, has secured $4 million in a pre-Series A funding round through a combination of debt and equity financing. The round was led by Constructor Capital, with participation from Hub71, angel investors, and family offices. This latest funding follows AlGooru’s earlier $1.8 […]
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 […]