News
Applications for ‘NextGen Founders’ now open
The Sharjah Entrepreneurship Center (Sheraa) is bringing its venture-building expertise to Nestlé UAE’s ‘NextGen Founders’ program, with applications now open for the 10-week initiative.
BY Venture Partners raises $60 million to back AI startups
BY Venture Partners, a global early-stage venture capital firm headquartered in Dubai, today announced the successful $60 million close of its third vehicle, Fund III. The fund is anchored by the Duba...
AI spending surges across UAE businesses in Q3 2026
Pemo has released the findings of its inaugural Pemo SME Spend Index, revealing that UAE businesses spent five times more on AI in Q3 2026 compared with the same quarter last year. The new quarterly i...
EGA supports Abu Dhabi SME Champions Programme
Emirates Global Aluminium (EGA) today announced its participation in the Abu Dhabi SME Champions Programme, an initiative of the Khalifa Fund for Enterprise Development. The programme aims to expand p...
Hub71 selects 40 startups for Cohort 19
Hub71 has selected 40 startups for Cohort 19, its largest intake to date, following a record 2,502 applications from 117 countries. The selected startups collectively raised USD 296 million (AED 1.09 ...
Upwind closes $400M Series C at $3.8B valuation
Upwind Security announced the close of its $400 million Series C funding round at a $3.8 billion valuation. The round was led by Bessemer Venture Partners, with participation from Canapi Ventures and ...
Phaze Ventures launches new funds targeting $75 million+
Oman-headquartered Phaze Ventures today announced the launch of two new venture funds targeting over $75 million. Phaze Ventures Fund II, anchored by ITHCA Group (a subsidiary of Oman Investment Autho...
ElevateVia launches verified fundraising platform
UAE-based ElevateVia today announced the official launch of its platform designed to connect verified founders seeking capital with investors across borders. Built to address long-standing inefficienc...
Elevix and Pink Camel connect talent, capital and scale
Elevix has announced a strategic partnership with Pink Camel Recruitment to strengthen startup development across the GCC. The collaboration brings together intelligent startup assessment and matchmak...