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, […]
Riyadh, Saudi Arabia — EdfaPay, a leading fintech platform in Saudi Arabia, has successfully raised $5 million in a Pre-Series A funding round. The investment was led by OmanTel Innovation Labs, with participation from Aljabr MENA and Waad Investment. The funding will bolster EdfaPay’s presence in Saudi Arabia while driving its strategic expansion across the […]
Riyadh, Saudi Arabia – Merak Capital, a prominent technology-focused investment firm, has unveiled its SAR 306 million gaming fund and accelerator, Exel by Merak, to drive the growth of gaming startups and position Saudi Arabia as a global hub for gaming innovation. The launch event, held on November 17, 2024, at the VOV Gaming Centre […]