My Startup World Staff

PIF and Google Cloud to create a new global AI hub in Saudi Arabia

PIF and Google Cloud today announced a strategic partnership to create a new global artificial intelligence (AI) hub. The new AI hub will be based near Dammam, in Saudi Arabia’s Eastern Province.

Saudi agritech startup, Nabt raises $1.5 million led by Merak Capital

Nabt, a pioneering Saudi agritech startup, has successfully closed a $1.5 million seed investment round in Q3 2024, led by Merak Capital, a technology-focused investment firm, with the participation of key angel investors.

Jordan’s ISSF invests $5mln in Rua Growth I LP

The Innovative Startups and SMEs Fund (ISSF), the largest investment fund of its kind in Jordan, proudly announces a USD 5 million investment in Rua Growth I LP, a USD 45 million venture capital fund. Rua Growth I LP, with a sector focus on Marketplaces, Fintech, Enterprise Solutions, and SaaS, is dedicated to supporting early stage

Sony hosts its Creators Convention in Egypt

Sony Middle East & Africa successfully hosted its Creators Convention in Egypt, a milestone event dedicated to supporting the journey, stories, and creativity of content creators. The full-day event, specifically curated for creators, took place in the vibrant Boom Room in Madinty’s Open Air mall on Friday October 11th and

Music game studio, Maintain Altitude secures $500k led by Hiro Capital

Maintain Altitude, a disruptive music game studio, announced the completion of its $500,000 pre-seed funding round, led by Hiro Capital with participation from angel investors behind hit games such as Candy Crush and Guitar Hero.

NEC X Opens Applications for Elev X! Ignite

NEC X, the Silicon Valley venture studio backed by NEC’s portfolio of advanced technologies and global businesses, is now accepting applications for Elev X! Ignite, its venture studio program that transforms early-stage founders into seed-ready startups with unmatched support, resources and up to $200K of equity funding.

Geidea and tpay partner to transform digital payments

Geidea has announced a strategic partnership with tpay with an aim to reshape the digital payments space by offering an integrated suite of payment methods, including Direct Carrier Billing (DCB), card payments, and e-wallets, all accessible through a single aggregator.

Derq secures strategic investments from e& capital and AT&T Ventures

Derq, the leading provider of real-time AI-powered intelligent transportation system (ITS) solutions, today announced strategic investments from e& capital and AT&T Ventures. The funding will be used to expand Derq’s activities in the US, GCC, and beyond, and accelerate the company’s investments

GII raises $100mln capital to boost its growth plans

Gulf Islamic Investments (GII) today announced that the company has been able to add an additional $100 million growth capital to the group’s balance sheet to develop private equity opportunities across the Kingdom of Saudi Arabia and the GCC. The new round of investment came from exciting shareholders and a new set of investors.

Investcorp announces investment partnership with Awaed

Investcorp announced a commercial partnership with Awaed, the first commission-free Saudi trading platform. Under the terms of the partnership, Awaed will enable their clients to invest into Investcorp’s Saudi Pre-IPO Growth Fund.

VDS links investors with over €250 billion in private equity to back startups

The seventh edition of VDS has succeeded in gathering investors with a collective portfolio of over €250 billion in private equity dedicated to startups. The international tech gathering, held on October 23 and 24 at Valencia’s City of Arts and Sciences, featured top investment funds

Wa’ed Ventures to invest $100 million in early-stage AI startups

Wa’ed Ventures announces earmarking $100 million for early-stage AI investments, a bold move to support positioning the Kingdom as a global AI hub. To aid with strategic deal sourcing and accelerate localization for global startups, an advisory board consisting of globally renowned leaders in Artificial Intelligence (AI)

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