Dubai Technology Entrepreneur Campus (Dtec), part of DSOA, signed a MoU with OQAL Angel Investors Network, the leading early-stage investor group in Saudi Arabia and Bahrain, to enhance the venture investment culture in startups and support young entrepreneurs.
Nano Cures, a clinical stage biotechnology and infectious disease immunity platform company, today announced a $90M pre-IPO funding round. The investment will be led by a $20M commitment from Opulence Capital Management, a Dubai based private investment fund, with existing and new investors participating.
Dubai SME announced the launch of the ‘Tjaarz Business Incubation Centre’ in Business Bay, an integrated platform for young citizens and entrepreneurs with creative and ambitious ideas in the tourism, franchising, and e-commerce sectors.
Building on its strategy to support SMEs and transform the fuel retail industry, Oman Oil Marketing Company (OOMCO) is providing local start-ups with the chance to sell their products at its fuel stations. The company will offer retail space at Ahlain Stores, Car Care, and Café Amazon
From 2020 being dubbed ‘the year of the side hustle’ to small businesses grappling to maintain continuity and profitability, despite these unprecedented times there has been a significant uprising in entrepreneurial activity the world over.
Halal Angels Network is among the first to penetrate the $5 trillion global Halal consumer market and it has teamed up with HalalNexus for the Singapore Market. The key focus areas Halal Fintech, Halal Foodtech, Halal Tourism, Ethical Finance, and Future Technologies.
Haystack, a Newcastle-based tech startup, today has announced that it has raised £1 million in seed funding. The funding enables Haystack to expand their territory reach and with advanced matching technology, help more companies and “techies” to hire smartly and find their ideal roles respectively.
Aqua Security, the pure-play cloud native security leader, announced the completion of $135 Million in Series E funding led by ION Crossover Partners, putting Aqua’s valuation in excess of $1 Billion.
Beehive Startups announced that StartFEST, Utah’s original and largest grassroots startup festival, will return June 16-17 after a five year hiatus. The two-day virtual event will be solely focused on Utah’s startup and small business ecosystem and will be filled with insightful panels, collaborative workshops, and some of the state’s leading entrepreneurs and business leaders.
Canada-based cryptocurrency exchange, CoinSmart has announced the closing of a CAD$4.5 million (roughly US$3.5 million) seed funding round and extensive plans to expand into Europe.
Verofax Limited, an automation and traceability platform, has secured $1.2M in a Seed funding round, led by Trove Capital Limited UK. Other investors included MFD Holding, Kepler Fund Managers, and Casablanca Holding. This funding marks Verofax porting its platform on Microsoft Cloud and its expansion into Asia and Africa.